Islamabad, Pakistan – September 19, 2024
In response to the recent increase in taxes on automotive imports, Kia Motors has announced a significant price adjustment for its popular Sportage SUV. Effective immediately, the price of the Kia Sportage has risen by PKR 300,000, now starting at PKR 8.5 million.
The tax hike, implemented by the Pakistani government to address budgetary constraints, affects various segments of the auto industry, particularly impacting mid-range and luxury vehicles. Kia’s decision reflects the ongoing challenges faced by manufacturers amid rising costs of production and import duties.
Industry experts suggest that this price increase may lead to a decline in sales as consumers adjust to the new market dynamics. However, Kia remains optimistic about maintaining its market share, citing the Sportage’s reputation for quality and performance as key selling points.
Customers interested in the updated Kia Sportage are encouraged to visit local dealerships for more information on available models and financing options.
As the automotive landscape in Pakistan continues to evolve, further adjustments may be anticipated as manufacturers navigate the new tax environment.
