Kia Lucky Motors has recently announced a price increase for its Picanto Automatic (AT) variant in Pakistan. This new price will officially take effect from May 1, 2025. The company has raised the ex-factory price by Rs. 90,000, which means customers will now have to pay more for the same model if they place an order after April.
This price hike comes as part of Kia’s latest pricing update and may be due to several possible reasons, such as rising production costs, fluctuations in the value of the Pakistani Rupee, or increased expenses related to importing parts. Automakers in Pakistan often revise prices based on such factors to stay in line with market trends and economic conditions.
New Picanto Automatic Price Details
- Car Model: Picanto (Automatic Transmission – AT)
- Old Price: Rs. 3,850,000
- New Price (from May 1, 2025): Rs. 3,940,000
- Price Increase: Rs. 90,000
This price hike is part of Kia’s latest pricing policy and applies only to the automatic variant of the Picanto model.
Who Will Be Affected by the Price Increase?
Kia has made it clear that not every buyer will be affected immediately. The company has drawn a line to separate customers who will pay the old price from those who must pay the new one:
- Old Price Validity: If you book the car and make full payment by April 30, 2025, then you are safe. You will be charged the old price of Rs. 3,850,000.
- New Price Applies: If your booking or payment is done on or after May 1, 2025, then you will have to pay the revised price of Rs. 3,940,000, regardless of when you first showed interest in the car.
This means that potential buyers have a short window to save Rs. 90,000 by completing their orders before the end of April.
What Does the Ex-Factory Price Include?
It’s important for buyers to know what is included in the ex-factory price and what is not. Many customers believe this is the total price they will pay, but that is not the case.
The ex-factory price does not cover the following:
- Freight Charges: This is the cost to transport the car from the factory to your local dealership.
- Insurance Costs: If you choose to get your car insured, this will be an additional expense.
- Government Taxes or Duties: Any new taxes or levies imposed by the government at the time of delivery will also be charged to the buyer separately.
So, the actual on-road price that customers will pay is usually higher than the ex-factory price. This is something that every buyer should keep in mind while planning their car purchase.
Why the Price May Have Increased
While Kia has not provided a specific reason for this price revision, there are some common factors that usually influence such decisions:
- Increase in Raw Material Costs: Prices of steel, rubber, and other materials used to manufacture cars may have gone up globally.
- Import Expenses: As many car parts are imported, any rise in international shipping costs or import duties can affect the final price.
- Currency Devaluation: If the Pakistani Rupee weakens against the US Dollar, it becomes more expensive to import materials, leading to higher prices.
- Inflation and Local Taxes: Rising inflation and changes in government policies or taxes can also force companies to adjust prices.
Car companies often review and revise their prices several times a year to keep up with these ongoing changes.
Kia’s decision to increase the price of the Picanto Automatic is a significant update for those planning to buy this compact car. With the new price of Rs. 3,940,000 becoming effective on May 1, 2025, buyers still have a few days to take advantage of the old rate.
Make sure to confirm all costs with your dealership and act before the deadline if you want to save money. As car prices continue to change in Pakistan’s auto market, staying updated can help you make smarter buying decisions.
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