Lucky Motor Corporation Limited (LMCL) has increased the prices of its best-selling vehicle, the Kia Sportage. The company hasn’t cited a particular reason for the hike. The US Dollar, albeit at Rs. 261, is now also staying put, which implies that the reason for the hike isn’t currency volatility.
Effective immediately, the new prices are as follows:
| Model | Old Price (Rs.) | Revised Price (Rs.) | Increase (Rs.) |
| Sportage Alpha | 6,556,000 | 6,650,000 | 94,000 |
| Sportage FWD | 7,111,000 | 7,350,000 | 239,000 |
| Sportage AWD | 7,716,000 | 7,900,000 | 184,000 |
Recently, Kia increased the prices of the rest of its lineup as well, following a 1% hike in the General Sales Tax (GST) from 17% to 18%. Those price hikes were as follows:
| Model | Old Price (Rs.) | Revised Price (Rs.) | Increase (Rs.) |
| Picanto Manual | 3,200,000 | 3,228,000 | 28,000 |
| Picanto Automatic | 3,400,000 | 3,430,000 | 30,000 |
| Stonic EX | 4,800,000 | 4,842,000 | 42,000 |
| Stonic EX+ | 5,250,000 | 5,295,000 | 45,000 |
| Sportage Alpha | 6,500,000 | 6,556,000 | 56,000 |
| Sportage FWD | 7,050,000 | 7,111,000 | 61,000 |
| Sportage AWD | 7,650,000 | 7,716,000 | 66,000 |
| Sorento FWD | 8,400,000 | 8,472,000 | 72,000 |
| Sorent AWD | 9,100,000 | 9,178,000 | 78,000 |
| Sorento V6 | 9,100,000 | 9,178,000 | 78,000 |
| Grand Carnival | 15,000,000 | 15,129,000 | 129,000 |
Since the start of 2023, car prices have risen multi-fold, resulting in a decrease in demand for new cars. The car sales have also gone down due to a decline in production.
Despite that, Lucky Motor Corporation (LMCL) has witnessed a slight increase in sales, with Kia Sportage being its best-seller. According to a recent update from the oft-reliable autojournal.pk, Kia sold 346 units of Sportage, making it the best-selling vehicle in its lineup.
Comparatively, the company sold only 103 Picantos, 129 Stonics, and 96 Sorentos. These figures allowed for a sales bump of 23% Month over Month (MoM).
Kia Sportage is one of the best reliable items. Its price ought to be equal with highest price of Honda Civic. Otherwise it’s attrection crisma would compromise.