Kia Lucky Motors, a leading automobile manufacturer, has recently announced an increase in the prices of its Kia car models. The company revealed the new ex-factory prices for all its cars, which will come into effect from July 5, 2023. While the announcement does not provide a specific reason for the price hike, it is worth noting that the new prices include the Capital Value Tax (CVT).
Here are the updated prices for Kia models:
Picanto:
- The price of the Picanto MT model remains unchanged at Rs. 3,350,000.
- However, the Kia Picanto AT model has experienced a price jump of Rs. 200,000, now costing Rs. 3,825,000.
Stonic:
- The Kia Stonic EX model maintains its price at Rs. 5,350,000.
- On the other hand, the Kia Stonic EX+ now has a revised price of Rs. 6,050,000, reflecting an increase of Rs. 120,000.
Sportage:
- The Sportage Alpha model was previously priced at Rs. 7,050,000. It has now been increased by Rs. 250,000 and is available at Rs. 7,300,000.
- The Sportage FWD model also experienced a price hike of Rs. 250,000, now priced at Rs. 8,190,000.
- Similarly, the Sportage AWD model’s price has been raised to Rs. 8,820,000, marking an increase of Rs. 250,000.
- The newly introduced Sportage Black Edition now costs Rs. 9,300,000 after an increase of Rs. 250,000.
Sorento:
- The Sorento 2.4L FWD model previously cost Rs. 10,400,000 but has now been revised to Rs. 10,800,000, reflecting a Rs. 400,000 increase.
- Similarly, the Sorento 2.4L AWD model’s price has been increased by Rs. 400,000, now available at Rs. 11,700,000.
- Lastly, the Sorento 3.5L FWD model now carries a price tag of Rs. 11,390,000, experiencing the same Rs. 400,000 hike as the Sorento 2.4L AWD.
Revised Price of KIA Carnival:
- The price of the KIA Grand Carnival Executive model remains unchanged at Rs. 16,750,000.
Booking Status:
- All Kia car models are available for purchase with full payment, with a price lock feature.
- Only the Carnival Executive model is available for partial payment.
Model | Old Price | Updated Price | Increase |
---|---|---|---|
Picanto MT | Rs. 3,350,000 | Rs. 3,350,000 | – |
Picanto AT | Rs. 3,625,000 | Rs. 3,825,000 | Rs. 200,000 |
Stonic EX | Rs. 5,350,000 | Rs. 5,350,000 | – |
Stonic EX+ | Rs. 5,930,000 | Rs. 6,050,000 | Rs. 120,000 |
Sportage Alpha | Rs. 7,050,000 | Rs. 7,300,000 | Rs. 250,000 |
Sportage FWD | Rs. 7,940,000 | Rs. 8,190,000 | Rs. 250,000 |
Sportage AWD | Rs. 8,320,000 | Rs. 8,570,000 | Rs. 250,000 |
Sportage Black Edition | Rs. 9,050,000 | Rs. 9,300,000 | Rs. 250,000 |
Sorento 2.4L FWD | Rs. 10,400,000 | Rs. 10,800,000 | Rs. 400,000 |
Sorento 2.4L AWD | Rs. 10,900,000 | Rs. 11,300,000 | Rs. 400,000 |
Sorento 3.5L FWD | Rs. 11,390,000 | Rs. 11,790,000 | Rs. 400,000 |
Carnival Executive | Rs. 16,750,000 | Rs. 16,750,000 | – |
Terms and Conditions
- Any orders (excluding Sorento and Carnival) placed in June or previous months with full payments credited by July 5, 2023, will be delivered at the existing ex-factory price.
- Orders booked until July 3, 2023, will be delivered at the revised prices.
- Ex-factory prices do not include freight and insurance charges.
- Customers will be responsible for new/additional duties and taxes imposed by the government at the time of delivery.
- The price lock offer is valid for a limited time and can be subject to change at the discretion of LMC (Kia Lucky Motors).