Kia Unveils Second Price Reduction for Cars Within a Month

Jawad

31 Oct 2023

436 Kia

Kia Unveils Second Price Reduction for Cars Within a Month

Earlier this month, Kia Pakistan made a significant move by becoming the first local car company to announce price reductions for its vehicles. This decision was attributed to the appreciation of the Pakistani Rupee (PKR) against the United States Dollar (USD). In an official statement, Kia expressed its excitement in sharing the benefits of this development with its valued customers, emphasizing its commitment to delivering both value and satisfaction to its loyal customer base.

A Second Price Reduction in a Month

In a remarkable follow-up, Kia has recently declared a second round of price reductions within a single month. LMC (Lucky Motors Corporation), the official distributor of Kia in Pakistan, unveiled a limited-time Year-End Celebration promotion, offering price reductions on selected Kia vehicles.

These revised prices took effect from October 31, 2023.

Revised Prices

Lucky Motors Corporation (LMC) has reduced the prices of the Kia Sorento and Kia Carnival. Importantly, the company has introduced varying price reductions for both full payment and monthly installment options.

New Price of Kia Sorento

For the Sorento 2.4L FWD, the original full payment price of Rs. 10,300,00 has now been lowered to Rs. 8,999,000, signifying a price reduction of Rs. 1,301,000. Similarly, the car's price on equal monthly installments has been reduced from Rs. 10,800,000 to Rs. 9,199,000, reflecting a reduction of Rs. 1,601,000.

The Sorento 2.4L AWD has witnessed a price decrease from Rs. 11,200,000 on full payment to Rs. 9,249,000, marking a difference of Rs. 1,951,000. On monthly installments, the new price of this model is Rs. 9,449,000, down from the previous Rs. 11,290,000, a reduction of Rs. 2,251,000.

The Sorento 3.5L FWD, originally priced at Rs. 11,290,000 for full payment, has been reduced to Rs. 9,499,000 following a price decrease of Rs. 1,791,000. On monthly installments, its new price stands at Rs. 9,699,000, compared to the previous Rs. 11,790,000, representing a reduction of Rs. 2,091,000.

Kia Carnival Revised Price

The Kia Carnival Executive model now bears a price tag of Rs. 16,000,000, reduced from the previous Rs. 17,150,000, reflecting a substantial price reduction of Rs. 1,150,000.

Terms and Conditions

All orders placed from October 31, 2023, onwards will be invoiced at the new ex-factory prices.
New orders booked in the LMC system, effective from October 31, 2023, will be delivered at the new ex-factory prices.
The reduced prices for Sorento and Carnival are applicable for a limited time until December 31, 2023.
Customers can avail themselves of a limited-time cash-back offer on the Picanto AT (PKR 50,000) and all variants of the Sportage (PKR 150,000) until November 30, 2023, exclusively.
The ex-factory prices mentioned exclude freight and insurance charges.
Any new or additional duties and taxes imposed by the government and applicable at the time of delivery will be the responsibility of the customer.

Kia Pakistan Price Reduction Lucky Motors Corporation Kia Sorento Kia Carnival Vehicle Pricing YearEnd Celebration LimitedTime Offer Automotive Industry Pakistan Rupee Exchange Rate

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