Kia Pakistan has once again updated their price list and has increased the prices of most of their cars.
Here are the updated Kia new car prices in Pakistan:
|Product||Variant||Existing (PKR) Ex-Factory including CVT*||Increase (PKR)||Revised (PKR) Ex-Factory including CVT*|
The prices are effective from 19th July 2022.
Kia, like most other companies, issued and distributed the new price circular right at the end of the working day so most people won’t know until the next day. In the circular, the company says:
Unfortunately, due to continuous devaluation of PKR to US dollar, we are compelled to increase prices of Kia products,
However, people who have already made full payment of their booked cars by 18th July 2022 won’t be affected by the price increase. Kia had halted the booking of new cars for quite some time now. Besides that, except for Carnival, all of the other cars are only being booked on full payments. Picanto automatic and Sportage FWD & AWD variants are not being booked at all at least for now.
Only a couple of weeks are Kia Pakistan updated their car prices with with the new WHT and CVT. And this time is the ex-factory price that has been increased. Kia is second in line after Toyota to update their price list. The tumbling value of Pak rupee is not helping at all. On top of that, add economic uncertainty as well as international issues like ever-rising transportation costs, and slow supply chain of most of the parts these cars are being assembled with, are only adding fuel to the fire.
In the last few months, a lot of these companies have been targeted by the current government through various taxes and restrictions. We do not make most of the parts here in the country and most of these parts are being imported from other nations. And with stricter import regulations and heavy taxation of imported kits, prices are bound to increase.
Add additional taxes like the new capital value tax (CVT) to the mix, and you get a whopping bump of almost 1.1 million rupees for a family van like Carnival.
Let us know what you think about the price increase and will you consider Kia cars in the future?