KIA Lucky Motors Corporation (KLMC) has borne a significant loss after a dealership set ablaze in Rahim Yar Khan.
There are reports revealing that a company dealership caught fire and burnt 23 KIA vehicles to ashes. KIA Sportage, Carnival, and Sorento were among the cars. Reports have further informed that the company borne a loss worth 220 million.
The incident took place yesterday, and fortunately, the staff rushed to a safer place before the dealership burst into flames. However, the rescue team reached the spot, and it took a few hours to control the fire.
KLMC has not yet issued any official statement regarding the incident and addressing the apprehensions of customers.
KIA Resumes Bookings Of All Its Models
After the incumbent government eased the import restrictions, automakers started passing on the effect to the customers. Lucky Motors Corporation Limited (LMCL) has resumed the bookings of all its models at the same price.
A dealer representative has informed us that the company has opened the bookings with a delivery time of one month.
Earlier, KIA Lucky Motors stated in a notification that the company would not decrease its car prices like other market players.
Justification For Not Reducing the Car Prices
When the local auto market observed the companies reducing their car prices in the face of Rupee appreciation against the dollar, KIA Lucky Motors came up with a different statement.
The company shared a comparison table in a bid to reveal that they increased car prices by 14 percent whilst other companies increased the prices by 19-23 percent. And after companies announced a decrease in prices, their prices came back to 15 percent, while KIA prices already stood at 14 percent. So, their current prices are still less than other companies. Meaning, KIA car prices revised on 22nd July will remain intact.
