Kia Lucky Motors Corporation (KLMC) has announced an increase in car prices in Pakistan from April 1, 2023. This news comes just days after the company raised prices to implement the increase in General Sales Tax (GST) from 18% to 25%. The price hike affects several models, including the Kia Picanto, Kia Sportage (except Alpha), Kia Stonic, and Kia Sorento, with prices increasing by up to Rs. 622,000.
The Kia Picanto is the only vehicle unaffected by the price hike as it is not subject to the 25% GST. However, the Kia Sportage Alpha and the Kia Carnival are also not affected.
Kia Picanto & Kia Stonic Price in Pakistan
The new prices for the Kia Picanto range from Rs. 3,350,000 to Rs. 3,625,000, while the Kia Stonic EX now costs Rs. 5,350,000 and the Kia Stonic EX+ costs Rs. 5,930,000.
Kia Sportage & Kia Sorento Price in Pakistan
The Kia Sportage FWD now costs Rs. 7,940,000, while the Kia Sportage AWD costs Rs. 8,570,000. The price of the Kia Sorento 2.4 FWD is now Rs. 10,040,000, while both the Kia Sorento 2.4 AWD and 3.5 FWD now cost Rs. 10,890,000.
KLMC has not provided a reason for the price hike, which is the second increase in a short period. The new prices will come into effect from April 1, 2023.
This news may disappoint potential Kia car buyers in Pakistan who were already dealing with high prices due to the devaluation of the Pakistani rupee. However, it is important to note that Kia cars are still popular in the Pakistani market due to their quality and features. The company has not provided any information on whether there will be any promotions or discounts to offset the price increase.
In conclusion, Kia Lucky Motors Corporation has announced an increase in car prices in Pakistan from April 1, 2023. The price hike affects several models, and the reason for the increase has not been disclosed. This news may be disappointing for potential car buyers, but Kia cars are still popular in Pakistan due to their quality and features.