Lucky Motor Corporation has made an announcement regarding a price increase of KIA vehicles due to the uncertain and challenging economic conditions in the country. The revised prices will come into effect from July 05, 2023.
The decision to raise prices was influenced by several factors, including the recent implementation of a higher sales tax rate of 18 percent by the government and the devaluation of the Pakistani Rupee. These circumstances have compelled the company to adjust their car prices in order to cover the rising production costs.
All KIA models are available for booking with full payment and price lock. Only the Carnival Executive model can be booked with partial payment.
Here are the revised ex-factory prices for KIA vehicles, effective from July 05, 2023:
Revised Prices of KIA Picanto:
The ex-factory price of KIA Picanto AT has increased by Rs200,000 to Rs3,825,000 from previous price tag of Rs3,625,000.
Revised Prices of KIA Stonic:
The ex-factory price of Kia Stonic EX+ has increased by Rs120,000 to Rs6,050,000 from previous price tag of Rs5,930,000.
Revised Prices of KIA Sportage:
The ex-factory price of KIA Sportage Alpha has increased by Rs250,000to Rs7,300,000 from previous price tag of Rs7,050,000.
The ex-factory price of KIA Sportage FWD has increased by Rs250,000 to Rs8,190,000 from previous price tag of Rs7,940,000.
The ex-factory price of KIA Sportage AWD has increased by Rs250,000 to Rs8,820,000 from previous price tag of Rs8,570,000.
The ex-factory price of KIA Sportage Black Edition has increased by Rs250,000 to Rs9,300,000 from previous price tag of Rs9,050,000.
Revised Prices of KIA Sorento:
The ex-factory price of KIA Sorento 2.4L FWD has increased by Rs400,000 to Rs10,800,000 from previous price tag of Rs10,400,000.
The ex-factory price of KIA Sorento 2.4L AWD has increased by Rs400,000 to Rs11,700,000 from previous price tag of Rs11,300,000.
The ex-factory price of KIA Sorento 3.5L FWD has decreased by Rs400,000 to Rs11,390,000 from previous price tag of Rs11,790,000.
Terms and Conditions:
All orders (excluding Sorento and Carnival) booked in June or earlier with full payments credited by July 05, 2023, will be delivered at the existing ex-factory price.
All orders booked until July 3, 2023, will be delivered at the revised prices.
Ex-factory prices do not include freight and insurance charges.
Any new or additional duties and taxes imposed by the government at the time of delivery will be borne by the customer.
Price lock will be applicable for all bookings made at revised prices, subject to stock availability.
The price lock offer is for a limited time, and Lucky Motor Corporation reserves the right to withdraw the price lock at any time.
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