South Korean automotive manufacturer KIA or KIA Motors Pakistan has now joined the bandwagon of vehicle price hike along with Toyota, Suzuki, and Honda.
KIA Motors had recently launched their Carnival variant on the streets of Pakistan, now priced at Rs4.25 million (standard version) and Rs5.15 million (high-end) variant.
The automotive manufacturer is also said to increase the value of their KIA Frontier to Rs2,049,000 for the base model and Rs2,099,00 for the XL.
The reason behind this change is prices once again is the devaluation of the Pakistani Rupee against the dollar.
Earlier, Atlas Honda has issued a circular to clarify the decision.
Owing to negative exchange rate impacts, Honda Atlas Cars Pakistan Limited is compelled to increase the prices of Honda cars with effect from October 22 2018, -circular issued by Atlas Honda
KIA Motors Pakistan being a new brand in the market, we have yet to see how they tackle such hurdles in the future while competing with both the local and international rivals.
What do you think about the constant price hike and their impact on the automotive market?
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