In Pakistan, Kia Lucky Motors has raised the cost of its vehicles in line with market demand. The increase in rates is a result of the sales tax’s increase from 17% to 18%, which takes effect on February 14, 2023. The business updated its car prices to reflect the new rate as a result.
Here are the new prices of Kia cars in Pakistan:
Revised Prices of Picanto
The Kia Picanto MT, which previously cost Rs. 3,200,000, now costs Rs. 3,228,000 after an increase of Rs. 28,000.
The Kia Picanto AT, which previously cost Rs. 3,400,000, has seen an increase of Rs. 30,000, bringing its new price to Rs. 3,430,000.
Stonic New Prices
The new price of Kia Stonic EX is Rs. 4,828,000, which is an increase of Rs. 42,000 from its previous price of Rs. 4,800,000.
The Kia Stonic EX+, which previously cost Rs. 5,250,000, now costs Rs. 5,295,000 after an increase of Rs. 45,000.
Sportage New Prices
The Kia Sportage Alpha, which previously cost Rs. 6,500,000, has seen a hike of Rs. 56,000, bringing its new price to Rs. 6,556,000.
The Kia Sportage FWD has seen an increase of Rs. 61,000, bringing its new price to Rs. 7,111,000 from its previous price of Rs. 7,050,000.
The Kia Sportage AWD has seen an increase of Rs. 66,000, bringing its new price to Rs. 7,716,000 from its previous price of Rs. 7,650,000.
Revised Prices of Sorento
The Kia Sorento 2.4L FWD, which previously cost Rs. 8,400,000, now costs Rs. 8,472,000 after an increase of Rs. 72,000.
The Kia Sorento 2.4L AWD has seen an increase of Rs. 78,000, bringing its new price to Rs. 9,178,000 from its previous price of Rs. 9,100,000.
The Kia Sorento 3.5L FWD has also seen an increase of Rs. 78,000, bringing its new price to Rs. 9,178,000 from its previous price of Rs. 9,100,000.
Grand Carnival
The Kia Grand Carnival has seen an increase of Rs. 129,000, bringing its new price to Rs. 15,129,000 from its previous price of Rs. 15,000,000.
It’s important to remember that all of the prices mentioned include CVT and are ex-factory prices. Additionally, all of the aforementioned vehicles—aside from the Kia Carnival, which can be reserved with partial payment—can only be reserved with full payment.
Recent years have seen a great deal of instability in Pakistan’s automotive sector as a result of things like the rise in the value of the US dollar relative to the Pakistani rupee, import restrictions, rising freight costs, and the State Bank of Pakistan’s lack of LCs (SBP). Due to these problems, the industry has experienced non-production days, and a recent report found that over 250,000 people have lost their jobs as a result.
