KIA Sportage prices increased in Pakistan. Lucky Motor Corporation (LMC), the assembler of KIA cars in Pakistan, has raised the prices of its most popular models, including the KIA Sportage, by up to Rs350,000.
South Korean automaker has revised the prices of some of its vehicles due to a significant depreciation of the local currency and an increase in production costs.
Following the depreciation of the local currency, KIA is the first automaker to revise car prices, and other automakers are expected to follow suit.
Also read: Kia Lucky Motors once again increases car prices; check latest rates
According to the new rates, the Kia Picanto AT, the automaker’s cheapest ride, has seen its prices rise by up to Rs125,000, to Rs3.9 million. The KIA Stonic price has risen from Rs6,050,000 to Rs6,280,000, a Rs230,000 increase.
Its most popular model, the Sportage AWD, which was previously priced at Rs8,820,000, is now priced at Rs8,920,000, a Rs1lac price increase. Similarly, the KIA Sportage Black’s price has risen by Rs350,000 to Rs9,650,000.
KIA Sportage prices increased in Pakistan, check new rates:
| Models | Old Price | New Price | Price Difference |
| Kia Picanto AT | Rs3,825,000 | Rs3,950,000 | Rs125,000 |
| Kia Stonic EX+ | Rs6,050,000 | Rs6,280,000 | Rs230,000 |
| Kia Sportage AWD | Rs8,820,000 | Rs8,920,000 | Rs100,000 |
| Kia Sportage Black | Rs9,300,000 | Rs9,650,000 | Rs350,000 |
Pakistan’s auto industry is bearing the brunt amid the current economic meltdown as companies are dependent on imports.
Kia Corporation formerly known as Kyungsung Precision Industry and Kia Motors Corporation, is a South Korean multinational automobile manufacturer headquartered in Seoul, South Korea. It is South Korea’s second-largest automobile manufacturer, after its parent company, Hyundai Motor Company, with sales of over 2.8 million vehicles in 2019.
As of 2015, the Kia Corporation is minority owned by Hyundai, which holds a 33.88% stake valued at just over US$6 billion. Kia in turn is a minority owner of more than twenty Hyundai subsidiaries ranging from 4.9% up to 45.37%, totaling more than US$8.3 billion.
