After opting to keep the previously increased rates, Lucky Motor Corporation Limited (LMCL) has started accepting reservations for Kia vehicles.
This change occurs right after the government decides to loosen import restrictions. According to a dealership spokesperson who spoke with ProPakistani, the company is accepting reservations for all vehicles with a minimum one-month delivery window.
The Kia Lucky Motor Corporation (KLMC) declared last week that it will keep its new prices in place despite the rupee’s sharp appreciation against the US dollar.
The company explained that the rise in its car pricing is only 14%, which is much less than those that increased the costs by 19–23%, in an official public announcement that was made available with ProPakistani.
A passage in the notification reads:
We are happy to see that in the greater interest of the market and its customers that the prices have been corrected to bring them at a fair level and we feel great pride in creating a precedent and setting a benchmark for everyone in terms of price setting.
Hyundai Nishat Motor Company Limited (HNMPL) has also maintained its prices, citing the same reason as KLMC, while other automakers have all slightly reduced car prices. Whether or not the price fluctuation will impact the car demand, remains to be seen.
