Lucky Motor Corporation Limited (LMCL) was praised for its ability to maintain vehicle prices in 2020 and 2021. Sadly, the devaluation of local currency and increase in freight charges have seemingly overpowered the Korean automaker.
As per a recent notification, the company has increased the prices of best-selling Kia vehicles in Pakistan, namely, Sportage, Stonic, and Picanto. Effective immediately, the new prices are as follows:
| Variants | Old Price (Rs.) | Revised Price (Rs.) | Increase (Rs.) |
| Picanto M/T | 2,400,000 | 2,600,000 | 200,000 |
| Picanto A/T | 2,500,000 | 2,700,000 | 200,000 |
| Sportage Alpha | 5,000,000 | 5,300,000 | 300,000 |
| Sportage FWD | 5,500,000 | 5,800,000 | 300,000 |
| Sportage AWD | 6,000,000 | 6,300,000 | 300,000 |
| Stonic EX | 4,150,000 | 4,425,000 | 275,000 |
| Stonic EX+ | 4,450,000 | 4,725,000 | 275,000 |
Recently, LMCL had suspended the bookings for all of the aforementioned Kia models. The notification did not include any reason behind the suspension but has highlighted that it is only temporary. According to a dealership representative, the bookings are still closed, but will likely resume next week.
LMCL has increased the prices of Kia’s top-selling cars for the third time within 3 months. It has also possibly initiated another wave of price hikes in the automotive industry.
That’s too high. I work it in UK £. Picanto should be no more than £10,000. That’s 23.7 Lacs.
Yes, old generation on big price
Shameful to LMCL for price hike of Kia Auto motors.very shameful 👎