- Lucky Motor Corporation Limited (LMCL) has increased the pricing of all Kia automobiles in Pakistan.
- This is LMCL’s fourth price hike this year.
- According to Kia, the depreciation of the local currency and a rise in shipping expenses caused major spike.
In the previous two years, Lucky Motor Corporation Limited (LMCL) was renowned for maintaining vehicle costs. Unfortunately, the automaker has been compelled to hike car pricing alongside other businesses due to the depreciation of local currency and rise in shipping expenses.
As per a recent statement, the business has increased the pricing of all Kia automobiles in Pakistan namely Sportage, Stonic, and Picanto. The following are the new prices, which take effect right away:
| Variants | Old Price (Rs.) | Revised Price (Rs.) | Increase (Rs.) |
| Picanto M/T | 2,600,000 | 3,100,000 | 500,000 |
| Picanto A/T | 2,700,000 | 3,200,000 | 500,000 |
| Sportage Alpha | 5,300,000 | 6,250,000 | 897,000 |
| Sportage FWD | 5,858,000 | 6,750,000 | 892,000 |
| Sportage AWD | 6,363,000 | 7,250,000 | 877,000 |
| Stonic EX | 4,425,000 | 4,545,000 | 76,000 |
| Stonic EX+ | 4,725,000 | 4,848,000 | 76,000 |
| Sorento 2.4 FWD | 6,904,360 | 7,800,000 | 895,000 |
| Sorento 2.4 AWD | 7,573,990 | 8,500,000 | 926,000 |
| Sorento V6 FWD | 7,573,990 | 8,500,000 | 926,000 |
| Carnival | 11,499,000 | 12,599,000 | 1,100,000 |
Oddly, compared to the rest of the lineup, the price increases for the Kia Stonic are minimal. The top-selling Kia vehicles now cost more thanks to a fourth price hike this year from LMCL.
This price increase is probably due to the Pakistani Rupee’s rate against the US Dollar, which was Rs. 222 on July 19. With additional companies issuing such somber announcements and blaming the devaluation of the Pakistani Rupee for their price increases, Kia may have started a new wave of price increases in the automotive sector.
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