KIA car prices increased by Lucky Motors Corporation for all vehicles except Sorento. Currently, Automakers appear to be succumbing to the mounting pressures of logistics, raw materials, and supply chain issues. Experts already warned a while ago that it will result in a tsunami of price increases that will engulf the entire industry.
Finally, Lucky Motors is the first among the local Auto manufacturers to increase their vehicle lineup prices. Meanwhile, other Automakers are expected to follow this step by upping their car prices. In the latest development, KIA increases the prices of Sportage, Picanto, and Carnival. However, the prices of KIA Sorento remain the same.
Updated KIA Car Prices in Pakistan
The following prices are in place from Monday, November 8th, 2021.
|KIA Vehicles||Old Price (Rs.)||Price Increase (Rs.)||New Price (Rs.)|
Earlier, there had been rumblings of impending price increases as the Dollar soars high. Simultaneously, the automakers blame the increase in operational costs on a lack of raw materials and the deterioration of the local currency. These issues had also prompted automakers, including KIA, to halt bookings for some of their vehicles. Meanwhile, Pak Suzuki suspends bookings for some of their cars. However, bookings for all KIA vehicles are open now.
The current price increases will have an impact on individual vehicle sales but not overall numbers. Because Lucky Motors unveils the new KIA Stonic Crossover SUV that is bound to be popular in Pakistan. Subsequently, the two variants of the car arrive with great security features, practicality, comfort, and value giving it an advantage over top-selling sedans in the country. At last, even if KIA Sportage, Picanto, and Carnival sales go down due to the price hike, the Stonic will make up for it by boosting the company’s overall sales.