Two Kia models’ prices rise by Rs250,000
ISLAMABAD: (Web Desk) Car manufacturer Lucky Motor Corporation (LMC) has announced an increase in the prices of two Kia models effective from 1st February without mentioning a reason behind the decision.
The base Kia Picanto MT has increased to Rs3,600,000 from Rs 3,350,000 following an increase of Rs250,000.
Likewise, the price of Kia Sportage Alpha has increased by Rs250,000. It now costs Rs7,550,000 instead of Rs7,300,000.
A statement issued by LMC that was incorporated in Pakistan in December 2016 as a public unquoted Company, said, “All new customer orders booked in LMC system effective 1st February 2024 will be delivered at revised Ex-Factory Price.”
The company started off the business of assembling, marketing, distribution and sales of Kia vehicles, parts and accessories in Pakistan in technical collaboration with Kia Motors Corporation, South Korea. In this endeavor, Kia Lucky Motors has signed a General Agreement with Kia Motors Corporation for technical collaboration and complete knock-down supply.