KIA Lucky Motors have notified of a massive increase in the price of KIA Picanto, KIA Sportage, and KIA Stonic in Pakistan. According to the notification issued by the company, the the price hike has been announced because of the devaluation of currency against US Dollar (USD to PKR).
It is pertinent to mention that his is the second time the company has increased the price of its cars this year. The new price for KIA Picanto, KIA Sportage and KIA Stonic in Pakistan will take effect from 1 March 2022. The new prices are mentioned below.
KIA Picanto Price in Pakistan
The price of KIA Picanto in Pakistan M/T has been increased by Rs. 214,000 to Rs. 2,400,000 from the old price of Rs. 2,186,000, while the price of KIA Picanto A/T has been raised by Rs. 208,000 to the new price of Rs. 2,500,000 from the old rate of Rs. 2,292,000.
| Variant | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| Picanto M/T | 2,186,000 | 2,400,000 | 214,000 |
| Picanto A/T | 2,292,000 | 2,500,000 | 208,000 |
KIA Sportage Price in Pakistan
The price of KIA Sportage Alpha variant in Pakistan is now Rs. 5,000,000 after an increase of Rs. 236,000 from the old rate of Rs. 4,764,000, while the price of KIA Sportage FWD has been increased by Rs. 224,000 to Rs. 5,500,000 from the rate of Rs. 5,276,000. Meanwhile, the price of KIA Sportage AWD is now Rs. 6,000,000 after an increase of Rs. 212,000 from the old price of Rs. 212,000.
| Variant | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| Sportage Alpha | 4,764,000 | 5,000,000 | 236,000 |
| Sportage FWD | 5,276,000 | 5,500,000 | 224,000 |
| Sportage AWD | 5,788,000 | 6,000,000 | 212,000 |
KIA Stonic Price in Pakistan
The price of KIA Stonic EX in Pakistan is now Rs. 4,150,000, which has increased from the old price of Rs. 3,750,000 by Rs. 400,000, while the price of KIA Stonic EX+ has been revised by Rs. 475,000 to Rs. 4,450,000 from the old rate of Rs. 3,975,000.
| Variant | Old Price (PKR) | New Price (PKR) | Difference (PKR) |
|---|---|---|---|
| Stonic EX | 3,750,000 | 4,150,000 | 400,000 |
| Stonic EX+ | 3,975,000 | 4,450,000 | 475,000 |
This increase may have a ripple effect on the entire automotive industry and other car manufacturers may follow with their own price hikes. What you think of the increase in the price of KIA Picanto, KIA Sportage, and KIA Stonic in Pakistan? Let us know in the comment section below.
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