Kia Lucky Motors plans to reduce prices of its entire lineup after 2021-22 fiscal budget tax relief implementation

Experts believe that these price cuts are tentative and will be finalized after the government’s official SRO is issued.

The tax reliefs and auto industry reforms in the 2021-22 fiscal budget have brought along a lot of speculation regarding the reduction of car prices in Pakistan. According to sources, while many auto companies are still adjusting, Kia Lucky Motors has already brought about the much-anticipated price changes across the entire lineup of its vehicles.

According to details, these price changes have been enacted internally, but the company has not yet made this information public. The automaker will make a formal announcement after the government releases the Statutory Regulatory Orders (SRO) for the tax and duty reliefs to become final.

Here are the speculated price cuts of Kia Lucky Motors’ vehicles:

(the final reduced prices could vary slightly in the official notification)

Experts believe that these price cuts are tentative and will be finalized after the government’s official SRO is issued.

It should be noted that Kia Lucky Motors has always been relatively consistent in maintaining the prices of its vehicles. Even during the lockdown and devaluation of the local currency, the company kept its vehicle prices intact while other companies introduced multiple price hikes.

Experts believe that the price reduction implementation before time is also an admirable decision by Kia Lucy Motors. It would generate positive word of mouth and enable the company to garner a larger market share for itself.

What are your thoughts on this? Please share with us in the comment section below.


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