KIA Car Prices Increased up to Rs. 13 Lacs
Well, at this point, none of us is surprised that car prices are going up, and KIA has jumped on the bandwagon too. On Monday, KIA Motors announced increased car prices for all of their models, which will be effective from 31st January 2023.
The company cited the devaluation of the Pakistani rupee against the US dollar as the reason behind this price increase. The company also mentioned that it is not passing on the full impact of this devaluation to its customers.
It is to be noted that KIA Motors Pakistan had closed bookings a while back, and it is speculated that they are selling the previously imported CKD units, which were acquired at lower prices, and are selling them at higher prices for more profit margin. The company is asking for full payment, claiming they have limited stock. It might also be indicative of another price hike in the works.
Here are the new prices effective 31st January 2023.
KIA Picanto New Prices
KIA Picanto MT used to cost Rs. 3,100,000 but now costs Rs. 3,200,000 as it saw a jump of Rs. 100,000.
KIA Picanto AT used to cost Rs. 3,200,000 but after a jump of Rs. 200000 it now costs Rs. 3,400,000.
KIA Stonic New Prices
KIA Stonic EX used to cost Rs. 4,545,000 but now costs Rs. 4,800,000 after the company hiked the price by Rs. 255,000.
KIA Stonic EX+ used to cost Rs. 4,848,000, however after observing an increase of Rs. 402,000, it now costs Rs. 5,250,000.
KIA Sportage New Prices
The previous price of KIA Sportage Alpha was Rs. 6,250,000 and after an increase of Rs. 250,000, it now costs Rs. 6,500,000.
KIA Sportage FWD used to cost Rs. 6,750,000 but now costs Rs. 7,000,000 as it also saw a jump of Rs. 250,000.
Last but not least, the third variant KIA Sportage AWD used to cost Rs. 7,250,000 but now has a price of Rs. 7,650,000 as the company jacked up its price by Rs. 400,000.
KIA Sorento New Prices
KIA Sorento 2.4L FWD had a previous price of Rs. 7,800,000 but is now priced at Rs. 8,400,000 as its rate has been increased by Rs. 600,000.
KIA Sorento 2.4L AWD had a previous price of Rs. 8,500,000 and after an increase of Rs. 600,000 and now it is priced at Rs. 9,100,000.
KIA Sorento 3.5L FWD had a previous price of Rs. 8,500,000 but is now priced at Rs. 9,100,000 as it also seen a jump of Rs. 600,000.
KIA Carnival New Price
KIA Carnival had an old price of Rs. 13,699,000 but is now worth Rs. 15,000,000 as its price has been increased by Rs. 1,301,000.
All of these prices are ex-factory prices but include CVT. all of the above-mentioned cars will only be booked at full payment except KIA Carnival, which can be booked at partial payment.
What are your thoughts on this? Share with us in the comments below!
Considering price increase put into effect at Toyota and Suzuki, this change seems small.
Car prices have now become roller coaster 🎢 beyond human control, keeping potential buyers suffering at max!
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