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Kia Increases Car Prices Out Of The Blue Up to Rs. 500,000

Lucky Motor Corporation Limited (LMCL) has increased the prices of all Kia Cars except Sportage Alpha and Carnival. The company hasn’t cited any particular reason for the hike, although currency depreciation is the likely culprit.

It is worth noting that, unlike the last price hike, the company has also increased the price of Picanto. Effective April 1, the new prices are as follows:

Model Current Price (Rs.) Revised Price (Rs.) Increase (Rs.)
Picanto Manual 3,300,000 3,350,000 50,000
Picanto Automatic 3,550,000 3,625,000 75,000
Stonic EX 5,200,000 5,350,000 150,000
Stonic EX+ 5,730,000 5,930,000 200,000
Sportage FWD 7,790,000 7,940,000 150,000
Sportage AWD 8,370,000 8,570,000 200,000
Sorento FWD 9,540,000 10,040,000 500,000
Sorento AWD 10,390,000 10,890,000 500,000
Sorento V6 10,390,000 10,890,000 500,000

The latest price hikes have made some interesting changes to Kia’s car lineup. To start with, all Sorento models now cost over Rs. 10 million (1 crore). Additionally, even Kia’s budget crossover SUV Stonic now has a starting price of over Rs. 5 million.

Between 2019 and 2022, Kia was the fastest-growing new car company in Pakistan. However, recent economic challenges have altered its trajectory radically. Whether or not the company will regain its momentum, remains to be seen.

  • Increasing prices n not accepting warranties already given at the Time of purchase . Giving absolutely stupid reasons for not giving warranty . All this to cover their expenses . Pathetic pathetic customer service horrible car who is going to buy this crap

  • Pathetic customer service . Resorting to any tactic to keep up their profits . Not accepting warranties giving absolutely baseless n stupid reasons for not accepting . Who will buy their cars . Don’t buy people don’t buy

  • Factory 🏭 price+showroom price+E&T reg.charges+ FBR tax+insurance coverage+token tax+Misc.etc.+ maintenance parts charges+ fuel ⛽ cost fluctuations+so on!!??…

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