Kia has announced a price hike for its Picanto Automatic (AT) variant in Pakistan, with the new rates set to take effect from May 1, 2025. The ex-factory price of the Picanto AT has been increased by Rs. 90,000.
According to the notification issued to customers, the existing ex-factory price of Rs. 3,850,000 will be replaced with a revised price of Rs. 3,940,000.
Updated Price Breakdown
- Model: Picanto (AT)
- Old Price: Rs. 3,850,000
- New Price (Effective May 1): Rs. 3,940,000
- Increase: Rs. 90,000
Who Will Be Affected by the New Price?
Kia has clarified that customers who make full payment and have their orders processed by April 30, 2025, will still be charged the old price of Rs. 3,850,000. However, those placing new orders on or after May 1, 2025, will have to pay the increased rate of Rs. 3,940,000.
It’s important to note that the revised ex-factory prices do not include freight or insurance charges. Moreover, any additional taxes or duties introduced by the government at the time of delivery will be the buyer’s responsibility.
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Discount is not the appropriate word to use for the price reduction on Sportage. I would call the discount, extortion by Lucky Motors. Unfortunately, there are no checks and balances for this kind of extortion. I still think there is room to bring the price down and rationalize it by another 1 million
Wow!!! Discounts for the Already Rich class and more Expensive for the struggling Upper Middle Class, simply Amazing, no words for this ideocracy.