Massive Price Hike for KIA Stonic: Check New Price

Massive Price Hike for KIA Stonic: Check New Price

Kia Pakistan has announced a price increase for its popular subcompact crossover SUV, the Kia Stonic. This adjustment follows a significant price reduction in April 2024, which had temporarily boosted sales and customer interest.

Updated Pricing

The new price for the Kia Stonic is Rs 5,550,000, marking an increase of Rs 733,000 from the previous limited-time offer of Rs 4,767,000. This significant hike reflects changes in market dynamics and cost considerations, impacting the overall pricing strategy of the vehicle.

Resumption of Bookings with Conditions

Due to the overwhelming customer response to the earlier discount, Kia Pakistan faced stock limitations and temporarily suspended bookings. Now, bookings for the Kia Stonic EX+ variant have reopened with revised terms:

Delivery Timeline: New bookings made on or after July 1, 2024, will have deliveries scheduled to start from December 2024 onwards. This extended timeline ensures that Kia Pakistan can manage the demand and supply effectively, maintaining the quality and standards expected by customers.

Partial Payment Requirement: A partial payment of Rs 2.5 million is required to secure a booking. This advance payment strategy helps manage the booking process and ensures serious buyers can reserve their vehicles in a timely manner.

Conditional Price Lock: Customers making partial payments will benefit from a price lock for deliveries in December 2024 and January 2025, with the following conditions:

Any significant depreciation of the Pakistani Rupee (PKR) exceeding 2 percent against the US Dollar (USD) will be reflected in the final price. This clause protects Kia Pakistan from major currency fluctuations impacting their costs.

Customers will be responsible for any increase in import duties, taxes, or levies imposed by the federal or provincial governments at the time of delivery. This ensures that any regulatory changes affecting costs are transparently communicated to the customers.

About KIA Stonic

Manufactured locally by Lucky Motor Corporation, the KIA Stonic offers competitive pricing and impressive features. It stands out in the subcompact crossover SUV segment with its stylish design, versatility, and practicality.

The model has gained significant popularity in Pakistan due to its contemporary aesthetics, compact size, and extensive feature set. It is available in one variant: the KIA Stonic EX+, catering to a broad spectrum of customers seeking a blend of style, functionality, and modern features.