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Kia announces another major cut in car prices

By News Desk

November 1, 2023 12:31 PM


Kia announces another major cut in car prices

Representational image

 

KIA Lucky Motors in Pakistan has announced another cut in the prices of their vehicles, reported 24NewsHD TV channel.

Earlier this month, KIA Pakistan became the first local car company to announce a reduction in prices of its cars. The company decreased the rates of its different vehicles due to the appreciation of Pakistani rupee against the US dollar. In its statement then, the company stated the Kia is thrilled to share the benefits with its customers. This decision reflects Kia’s commitment to delivering value and satisfaction to its loyal customer base.

And now, the company has announced a second price reduction within a month.

The new prices are effective from October 31, 2023.

Revised Prices

The prices of Kia Sorento and Kia Carnival have been reduced by Lucky Motors Corporation (LMC). It is pertinent to mention that the company has announced different price reductions on full payment and monthly installments.

New Price of Kia Sorento 

  • The previous price of Sorento 2.4L FWD on full payment was Rs10,300,00, and now it will cost Rs8,999,000, meaning there is a difference of Rs1,301,000. The price tag of the same car on equal monthly installment was Rs10,800,000, and after a decrease of Rs1,601,000, its new price is Rs9,199,000.
  • On full payment, Sorento 2.4L AWD was available for Rs11,200,000, and after a decrease of Rs1,951,000, the new rate is Rs9,249,000. Meanwhile, its new price on monthly installments is Rs9,449,000 compared to the previous Rs11,700,000, as it observes a reduction of Rs2,251,000.
  • The price on full payment of Sorento 3.5L FWD was Rs11,290,000, and after a price decrease of Rs1,791,000, it will now cost Rs9,499,000. On monthly installments, it used to cost Rs11,790,000, and after the company reduced its price by Rs2,091,000, the new price tag is Rs9,699,000.

Kia Carnival Revised Price 

  • Kia Carnival Executive will now cost Rs16,000,000 compared to Rs17,150,000 as its price has been reduced by Rs1,150,000. 

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Terms and Conditions

  • All orders from October 31, 2023, will be invoiced on new ex-factory prices.
  • All new orders booked in the LMC system, effective October 31, 2023, will be delivered at new ex-factory prices.
  • The new prices of Sorento and Carnival are for a limited time till December 31, 2023.
  • The customers can continue to avail of the limited-time cash-back offer on Picanto AT (PKR 50,000) and all variants of Sportage (PKR 150,000) until November 30, 2023, only.
  • Ex-factory prices are exclusive of freight and insurance charges.
  • New/additional duties and taxes, if any, imposed by the government and applicable at the time of delivery will be borne by the customer.

 

Reporter Kavish Memon


News Desk


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