- Lucky Motor Corporation Limited (LMCL) increases prices for select Kia models.
- The price hike, the second in two months, took effect on September 6, 2023.
- Kia, like other automakers in Pakistan, faces challenges amid the country’s economic issues.
Lucky Motor Corporation Limited (LMCL) has implemented price increases for selected models, including Picanto Automatic, Stonic EX+, Sportage AWD, and Sportage Black Edition. The company has not disclosed the reasons behind this move.
The revised prices came into effect on September 6 and represent the second price hike by LMCL in just two months. Notably, Sportage AWD experienced the smallest price increment among the mentioned models.
Models | Old Prices (Rs.) | New Prices (Rs.) | Increase (Rs.) |
Picanto Automatic | 3,825,000 | 3,950,000 | 125,000 |
Stonic EX+ | 6,050,000 | 6,280,000 | 230,000 |
Sportage AWD | 8,820,000 | 8,920,000 | 100,000 |
Sportage Black ‘Limited Edition’ | 9,300,000 | 9,650,000 | 350,000 |
Kia’s sales have faced challenges amid Pakistan’s ongoing economic difficulties, with only a slight improvement in June. It’s a situation mirrored by most automakers in the country, all grappling with a challenging market.