Kia Pakistan increases prices of its cars once again – April 18 2022

Kia Lucky Motor has once again increased the prices of their cars. This is the 3rd price update by Lucky Motor for one or all of their cars.

Here are the updated Kia new car prices in Pakistan.

Model Variant Current Price – PKR New Price – PKR Increase – PKR
Picanto M/T Rs. 2,400,000 Rs. 2,600,000 Rs. 200,000
Picanto A/T Rs. 2,500,000 Rs. 2,700,000 Rs. 200,000
Sportage Alpha Rs. 5,000,000 Rs. 5,300,000 Rs. 300,000
Sportage FWD Rs. 5,500,000 Rs. 5,800,000 Rs. 300,000
Sportage AWD Rs. 6,000,000 Rs. 6,300,000 Rs. 300,000
Stonic EX Rs. 4,150,000 Rs. 4,425,000 Rs. 275,000
Stonic EX+ Rs. 4,450,000 Rs. 4,725,000 Rs. 275,000

 

The new prices will be effective from April 18, 2022. This sudden price increase also sheds light on the fact that Kia Pakistan stopped bookings of new cars a couple of weeks ago.

At the start of the month, Kia increased price of Kia Carnival to Rs. 10,499,000 from Rs. 9,999,000. That is a jump of Rs. 500,000. Keep in mind that Kia Carnival is a CBU imported vehicle whereas these vehicles mentioned above are all locally assembled models.

Another interesting point to be noted here is that the top of the line AWD Sportage is now priced at Rs. 6,300,000 whereas the 2.4 FWD Kia Sorento is priced at Rs. 6,836,000 – that is a difference of Rs. 5,360,000. So anyone buying a Sportage for that much money might opt for a bigger and more spacious Sorento instead considering it sounds more bang for your buck now.

As always, the price hike is being attributed to devaluing Pak Rupee and the “exuberant increase in sea freight on the import of parts,” which is a typical line being used by most local car makers in these last couple of years whenever they decide to increase the prices of their vehicles.

Those who have already made full payments to KLM by 18th April 2022 will not be asked to pay the difference. These are ex-factory so the customers will be paying for whatever the freight charges are in their city.

There were news that the previous government was thinking of limiting the car companies from increasing car prices but PAMA – Pakistan Automotive Manufacturers Association expressed grave concerns and displeasure over the government’s proposal. It is yet to be seen whether the new administration will continue on the last government’s line or not.

Let us know what you think in the comments section below.

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