Saturday, May 25, 2024

Kia Again Announces Massive Reduction in Car Prices

Kia Pakistan, under Lucky Motors Corporation (LMC), recently announced a second price reduction within a month for some of its vehicles. The move is in response to the appreciation of the Pakistani Rupee (PKR) against the US Dollar, which has allowed the company to offer its customers more affordable options. This decision reflects Kia’s commitment to delivering value and satisfaction to its loyal customer base.

The price reductions are effective from October 31, 2023, and primarily focus on two popular models: the Kia Sorento and Kia Carnival.

For the Kia Sorento, the price reductions are substantial, both for full payment and monthly installments. For example, the Sorento 2.4L FWD has seen a reduction of Rs. 1,301,000 on full payment, with its new price at Rs. 8,999,000. The monthly installment price has also been reduced by Rs. 1,601,000, bringing it down to Rs. 9,199,000.

Similarly, the Sorento 2.4L AWD and 3.5L FWD have experienced significant reductions in their full payment and monthly installment prices, making them more accessible to consumers.

Additionally, the Kia Carnival Executive now costs Rs. 16,000,000 compared to its previous price of Rs. 17,150,000, reflecting a reduction of Rs. 1,150,000.

These price reductions are a positive development for potential car buyers in Pakistan, as they make Kia vehicles more affordable and accessible, thanks to the favorable exchange rate between PKR and USD. This move reinforces Kia’s commitment to its customers and their satisfaction, providing an opportunity for more people to enjoy their vehicles.

Starting from October 31, 2023, all Kia orders will be billed at the newly reduced ex-factory prices, ensuring that customers benefit from the lowered rates. These adjusted prices for the Sorento and Carnival models are valid until December 31, 2023, offering a limited-time opportunity to purchase these vehicles at a more affordable cost. Customers can also take advantage of cash-back offers on the Picanto AT and Sportage models, providing discounts of PKR 50,000 and PKR 150,000, respectively, until November 30, 2023. It’s important to note that the ex-factory prices do not include freight and insurance charges, and any additional government-imposed duties or taxes upon delivery are the customer’s responsibility.

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