Didn't we expect it around same for a very long time ago?
KIA will not plant their vehicle under Suzuki products.. they have a point that their vehicle is better than Cultus and it would cost more. Yes as consumer we want a cheaper and better car but it does not happen in real life.. if we do a reverse math, taking into account the exchange rate, the pricing seems in line with Picanto sold overseas. I mean bare bone base Picanto is around 9900 GBP [ the current generation] the price didn't change much and was same for 2nd generation.. just doing rough math make it like 1.8Million PKR today for base model.
As I always say, KIA , Hyundai or for that matter any new company is not coming here for charity.. we have a very small market.. less sales and these companies have alot of overhead being a brand new company. I will not be surprised when Sportage AWD will be 6.5 Million in near future