Kia Increases Car Prices Out Of The Blue Up to Rs. 500,000

Lucky Motor Corporation Limited (LMCL) has increased the prices of all Kia Cars except Sportage Alpha and Carnival. The company hasn’t cited any particular reason for the hike, although currency depreciation is the likely culprit.

It is worth noting that, unlike the last price hike, the company has also increased the price of Picanto. Effective April 1, the new prices are as follows:

ModelCurrent Price (Rs.)Revised Price (Rs.)Increase (Rs.)
Picanto Manual3,300,0003,350,00050,000
Picanto Automatic3,550,0003,625,00075,000
Stonic EX5,200,0005,350,000150,000
Stonic EX+5,730,0005,930,000200,000
Sportage FWD7,790,0007,940,000150,000
Sportage AWD8,370,0008,570,000200,000
Sorento FWD9,540,00010,040,000500,000
Sorento AWD10,390,00010,890,000500,000
Sorento V610,390,00010,890,000500,000

The latest price hikes have made some interesting changes to Kia’s car lineup. To start with, all Sorento models now cost over Rs. 10 million (1 crore). Additionally, even Kia’s budget crossover SUV Stonic now has a starting price of over Rs. 5 million.

Between 2019 and 2022, Kia was the fastest-growing new car company in Pakistan. However, recent economic challenges have altered its trajectory radically. Whether or not the company will regain its momentum, remains to be seen.

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