According to our official notification, KIA Lucky Motors has increased the prices of KIA Sportage and KIA Picanto. Earlier, we shared these updated prices with you quoting sources, however, now it has been confirmed by the company.
New Price of KIA Sportage
The new price of KIA Sportage AWD is Awd Rs56,50,000, compared to old rate of Rs5,270,000, meaning it has seen a jump of Rs380,000.
Meanwhile the new rate of Sportage FWD is Rs51,50,000 against the old rate of Rs4,782,000, meaning it saw an increase of Rs368,000. Finally, the new rate of KIA Sportage Alpha is Rs46,50,000, compared to the old rate of Rs4,294,000, meaning it has seen an increase of Rs356,000.
New Price of KIA Picanto
Meanwhile, the price of KIA Picanto has also been increased. The new price of KIA Picanto A/T is Rs 21,50,000, against the previous rate of Rs1,922,000, meaning it has seen a hike of Rs228,000. Moreover, the revised rate of KIA Picanto M/T is Rs2050,000, against the old rate of Rs1,781,000. It means the price has been increased by Rs269,000.
These are quite an increase in the prices of KIA cars and it will surely affect the already inflation-burdened auto market. The buying power of the common buyers will also get hit and it may lead to low sales. However, the time will tell about the sales because companies have been increasing the prices on regular bases for last couple of years, but the sales seems to remain steady and even reach record-high.
It is pertinent to mention that the increase in price was on cards. Earlier, we reported that Toyota Pakistan CEO Ali Asghar Jamali also hinted a jump in the prices. He said that the prices of raw material, cost of freight and devaluation of rupee are the major reasons behind it.
What do you think about this price hike? Do you think it will affect the sales? Share your thoughts in the comments section.
For the fist time after 3 years i beleive, correct me if i’m wrong, Kia increase their prices, and it is of course for the two most selling models from them.
Today instead of sportage is better to go for the Sorento with 7 seats and bigger engine who is just a little more expennsive but affordable for he is.
Proton remains today the only brand in Pakistan who never increased their prices.
@Mr Waqas you are correct, so far Proton is the only brand that has not increased car prices. Moreover, I think the price change is justified since in three years time the Japanese brand increased car prices four to five times, so this one time enhancement seems to me to be in place. Picanto with new price would still sell because Pak Suzuki has stopped booking Cultus AGS and VXL and customers would not want to wait for an indefinite period.
@Khurram Total agree with you.
When these prices are applicable? And what about those people who have fully paid all amount and still not received vehicle since over 1.5 months