Lucky Motor announces price hike of up to Rs700,000 for KIA cars starting July 1

Company cites price adjustment due to NEV Levy, currency depreciation, and rising freight costs

Lucky Motor Corporation (LMC) has announced a price increase for several of its vehicle models, effective from July 1, 2025. The company cited the imposition of the NEV Levy in the federal budget 2025-26, continued depreciation of the Pakistani Rupee, and rising international freight costs as the primary reasons behind the price adjustments.

“At Lucky Motor Corporation (LMC), we have always remained committed to delivering the best value. Our focus has consistently been on offering the highest quality products at competitive prices. However, recent developments have had a significant impact on prices, including the imposition of the NEV Levy in the Federal Budget, continued depreciation of the Pakistani Rupee, and rising international freight costs. Despite our best efforts to minimize and absorb the impact, a price adjustment is being implemented from 1st July,” read Lucky Motor’s official notification shared on the company’s social media.

According to notification, the revised ex-factory prices will affect multiple models, with some experiencing a significant hike. The Picanto AT will rise by PKR 150,000, from PKR 3,940,000 to PKR 4,090,000. The Stonic EX+ will increase by PKR 499,000, from PKR 5,500,000 to PKR 5,999,000, while the Stonic Ex will see a more modest increase of PKR 95,000, moving from PKR 4,767,000 to PKR 4,862,000. 

The Sportage L Alpha will see a PKR 400,000 increase, going from PKR 8,499,000 to PKR 8,899,000. The Sportage L FWD will increase by PKR 500,000, from PKR 9,999,000 to PKR 10,499,000, and the Sportage L HEV will experience a PKR 600,000 rise, moving from PKR 10,999,000 to PKR 11,599,000.

Other models such as the Sorento 3.5L V6 will see a PKR 400,000 increase, moving from PKR 13,499,000 to PKR 13,899,000. The Sorento 3.5L V6 – EMI variant will go up by PKR 400,000, from PKR 13,999,000 to PKR 14,399,000, while the Sorento HEV FWD will experience a PKR 600,000 increase, rising from PKR 14,699,000 to PKR 15,299,000. 

The Sorento HEV FWD – EMI variant will also rise by PKR 600,000, moving from PKR 15,199,000 to PKR 15,799,000. The Sorento HEV AWD and Sorento HEV AWD – EMI variants will see price hikes of PKR 700,000 each, going from PKR 15,999,000 to PKR 16,699,000 and from PKR 16,499,000 to PKR 17,199,000, respectively.

Additionally, the price of the Carnival will increase by PKR 700,000, from PKR 17,500,000 to PKR 18,200,000. However, the prices for the EV5 Air and EV5 Earth models remain unchanged at PKR 18,500,000 and PKR 23,500,000, respectively. The EV9 model will also retain its price at PKR 43,200,000.

Models / Variants Current Ex Factory Price (PKR) Revised Ex Factory Price (PKR) Difference (PKR)
Picanto AT 3,940,000 4,090,000 150,000
Stonic EX+ 5,500,000 5,999,000 499,000
Stonic Ex 4,767,000 4,862,000 95,000
Sportage L Alpha 8,499,000 8,899,000 400,000
Sportage L FWD 9,999,000 10,499,000 500,000
Sportage L HEV 10,999,000 11,599,000 600,000
Sorento 3.5L V6 13,499,000 13,899,000 400,000
Sorento 3.5L V6 – EMI 13,999,000 14,399,000 400,000
Sorento HEV FWD 14,699,000 15,299,000 600,000
Sorento HEV FWD – EMI 15,199,000 15,799,000 600,000
Sorento HEV AWD 15,999,000 16,699,000 700,000
Sorento HEV AWD – EMI 16,499,000 17,199,000 700,000
Carnival 17,500,000 18,200,000 700,000
EV5 Air 18,500,000 18,500,000 No Change
EV5 Earth 23,500,000 23,500,000 No Change
EV9 43,200,000 43,200,000 No Change

Lucky Motor has informed customers that all orders invoiced on or after July 1, 2025, will be subject to the revised ex-factory price. The company clarified that any new or additional duties, taxes, or charges imposed by the government, along with currency fluctuations, leading to price adjustments at the time of delivery, will be borne by the customer. Ex-factory prices are exclusive of freight and insurance charges.

The company reassured its customers that despite their best efforts to minimize the impact of external factors, the price adjustments were necessary to maintain product quality and continue operations. 

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