Kia Car Prices Hiked Up To Rs. 350,000

Kia Lucky Motors has increased the prices of some of its models, but interestingly, the company has not shared any specific reason behind this step. The increase was expected as the US dollar has increased by almost Rs. 20 in the last two weeks. It is essential to notice that the sales of every car company in Pakistan are low, and some even offer different discounts, free registration, free insurance, and other benefits to increase their sales, but Kia still increased the prices.

Does this mean another wave of price hikes in the coming days? Well, we have to wait and see. The new?Kia car prices?will be effective from September 6, 2023.

New Kia Car Prices?

The following models of Kia have observed a price hike:

• Kia Picanto AT jumped Rs. 125,000, taking the price to Rs. 3,950,000 from the previous Rs. 3,825,000.
• The price of Kia Stonic EX+ has been increased by Rs. 230,000, and its new price is Rs. 6,280,000 compared to Rs. 6,050,000.
• Kia Sportage All Wheel Drive (AWD) will now cost Rs. 8,920,000 compared to the old rate of Rs. 8,820,000, meaning it observed a hike of Rs. 100,000
• Lastly, Kia Sportage Black (Limited Edition) will now have a price tag of whooping Rs. 9,650,000 compared to Rs. 9,300,000 as its price jumped by Rs. 350,000.

Terms and Conditions?

According to the company:

• All orders booked on old prices till September 5, 2023, and are good to go with full payment credited to LMC’s account as of September 11 will be delivered at previous ex-factory prices.
• All orders booked from September 6 and onwards will be delivered at new ex-factory prices.
• All order bookings will only be accepted on full payment (except Sportage Black Limited Edition).
• Ex-factory prices are exclusive of freight and insurance charges.
• The customer will pay new/additional duties and taxes, if any, imposed by the government and applicable at the time of the delivery.

The consumer of cars is already facing serious troubles in buying a new vehicle due to record-high inflation, the highest-ever dollar rate, and a high ratio of duties and taxes. The latest revision in car prices would further harm the buying power of the masses, making the market more saturated. The only solution for the current plight is economic and political stability, but the situation seems to worsen every day.?

What do you think about the new Kia car prices? Are they justified? Please share your thoughts in the comments section.?