KIA Pakistan has officially declared a price revision for the KIA Picanto MT and KIA Sportage Alpha models in Pakistan, effective February 1, 2024. This adjustment specifically pertains to customers utilizing the partial payment booking method.
For those opting for the full payment booking method, there will be no change in the prices of the KIA Picanto MT and KIA Sportage Alpha models. The rest of the KIA lineup will maintain its existing prices, ensuring a diverse range of options for potential buyers.
The announcement of this price adjustment was made through KIA Pakistan’s social media channels. However, the company did not provide detailed insights into the reasons behind this decision, leaving customers and enthusiasts curious about the factors influencing the pricing strategy.
As of February 1, 2024, the revised prices for the affected models are as follows:
KIA Picanto MT:
Previous Price: PKR 3,350,000
Revised Ex-factory Price: PKR 3,600,000
Price Increase: PKR 250,000
KIA Sportage Alpha:
Previous Price: PKR 7,300,000
Revised Ex-factory Price: PKR 7,550,000
Price Increase: PKR 250,000
In addition, the company has provided certain terms and conditions related to these adjustments:
Invoices for all customer orders issued from February 1, 2024, onward will reflect the revised ex-factory prices.
New customer orders booked in the LMC system starting February 1, 2024, will be fulfilled at the updated ex-factory prices.
Customers can avail themselves of a cash-back offer of PKR 150,000 on all Sportage variants until February 29, 2024.
Ex-factory prices mentioned do not include freight and insurance charges, which should be considered separately.
Any new or additional government-imposed duties and taxes applicable at the time of delivery will be the responsibility of the customer.
This price adjustment highlights the dynamic nature of the automotive industry and the need for companies to adapt to changing economic conditions. Prospective buyers and existing customers are advised to stay informed about these changes and take advantage of any ongoing promotions within the specified timeframe.
DISCLAIMER: PkRevenue has no responsibility for the correct prices. Because prices are subject to change due to variation in Rupee/Dollar parity and imposition of duty and taxes.
