Kia Announced 2nd Car Price Decrease in a Month

Earlier this month, Kia Pakistan became the first local car company to announce a price reduction for its cars. The company decreased the rates of its different vehicles due to the appreciation of PKR against the USD. In its statement, the company stated Kia is thrilled to share the benefits with its customers. This decision reflects Kia’s commitment to delivering value and satisfaction to its loyal customer base.

And now, the company has announced a second price reduction within a month. “We at LMC are delighted to announce a limited-time Year-End Celebration featuring price reductions on selected vehicles.

The new prices are effective from October 31, 2023.

Revised Prices 

The prices of Kia Sorento and Kia Carnival have been reduced by Lucky Motors Corporation (LMC). It is pertinent to mention that the company has announced different price reductions on full payment and monthly installments.

New Price of Kia Sorento 

• The previous price of Sorento 2.4L FWD on full payment was Rs. 10,300,00, and now it will cost Rs. 8,999,000, meaning there is a difference of Rs. 1,301,000. The price tag of the same car on equal monthly installment was Rs. 10,800,000, and after a decrease of Rs. 1,601,000, its new price is Rs. 9,199,000.
• On full payment, Sorento 2.4L AWD was available for 11,200,000, and after a decrease of Rs. 1,951,000, the new rate is Rs. 9,249,000. Meanwhile, its new price on monthly installments is Rs. 9,449,000 compared to the previous Rs. 11,700,000, as it observes a reduction of Rs. 2,251,000.
• The price on full payment of Sorento 3.5L FWD was Rs. 11,290,000, and after a price decrease of Rs. 1,791,000, it will now cost Rs. 9,499,000. On monthly installments, it used to cost Rs. 11,790,000, and after the company reduced its price by Rs. 2,091,000, the new price tag is Rs. 9,699,000.

Kia Carnival Revised Price 

• Kia Carnival Executive will now cost Rs. 16,000,000 compared to Rs. 17,150,000 as its price has been reduced by Rs. 1,150,000.

Terms and Conditions 

• All orders from October 31, 2023, will be invoiced on new ex-factory prices.
• All new orders booked in the LMC system, effective October 31, 2023, will be delivered at new ex-factory prices.
• The new prices of Sorento and Carnival are for a limited time till December 31, 2023.
• The customers can continue to avail of the limited-time cash-back offer on Picanto AT (PKR 50,000) and all variants of Sportage (PKR 150,000) until November 30, 2023, only.
• Ex-factory prices are exclusive of freight and insurance charges.
• New/additional duties and taxes, if any, imposed by the government and applicable at the time of delivery will be borne by the customer.