Lucky Motor Corporation (LMC) announced plans to increase the cost of KIA automobiles in Pakistan which will be in effect beginning on June 19, 2022, due to the uncertainty in the economy that has a negative impact on companies using the Rupee, which is making new records against US Dollar. It was previously stated that auto assemblers were ready to drive prices higher in the declining currency in comparison to US Dollar.
In the announcement by the company, the cost for the KIA Picanto hatchback is now up by Rs 500,000, after which it was announced that the Picanto manual model is on sale at PKR 31.0 lac, while the automatic version is now on sale for the price of PKR 32.0 lac.
While the cost is Kia Sportage variants have been raised by Rs 897,000 starting with the Alpha variant and Rs 892,000 for the FWD and 887,797 for the AWD variant. Following this, they will be able to purchase the Sportage Alpha now cost Rs 62.5 lac, with the Sportage FWD at 67.5 lac, the Sportage FWD at 67.5 lac, and the Sportage AWD at 72.5 lac. 72.5 lac.
However, the cost is not the same. KIA Stonic has observed an increase of 76,000 rupees following which the base EX model is available for just 45.45 lac while the top-spec EX+ is now available for the price of Rs 48.48 lac.
Additionally, LMC has increased the price of the Sorento also and it was not affected in previous revisions to prices by a sum of around 895,000. The Sorento 2.4L FWD is priced at 78.0 lac. 78.0 lac, while the cost is 2.4L AWD as well as 3.5L V6 is also increased by Rs 926,000, both are available at just Rs 85.0 lac.
Not to mention the cost of importing Carnival has increased by Rs. 1,100,000. After which the premium MPV is available for sale at the price of Rs 12,599,000.
Recently the recently, CVT (Capital Value Tax) is now included in the updated price list. In accordance with the notification, the reservation for Picanto auto and Sportage AWD and FWD models is currently on hold.
But other automakers are anticipating announcing price changes shortly following Lucky Motors Corporation (LMC).