KIA issued a statement on the news of increase in prices of its vehicles

KIA issued a statement on the news of increase in prices of its vehicles

Karachi (Monitoring Desk) Lucky Motor Corporation Limited has issued an explanatory statement on the news of increase in prices of its vehicles. The company said it had not increased the price of its vehicles, although the government imposed a 1% capital value tax on vehicles larger than 1,300 cc. Has increased. One of the company’s vehicles, the Kia Picanto, is a car that has not gone up in price because it is smaller than 1300 cc and is not subject to capital value tax.

According to the company, a list of taxes and new prices applicable to its vehicles has also been released. According to this list, a tax of Rs 44,250 has been imposed on Stonik EX, which has increased its price to Rs 44,69,250. Similarly, the price of Stonic EX Plus has gone up from Rs 47,250 to Rs 47,72,250 and the Sportage Alpha from Rs 53,000 to Rs 53,053,000.

Sportage Four Wheel Drive Rs 58,000 with tax Rs 58,058,000, Sportage All Wheel Drive Rs 63,000 with tax Rs 63,063,000, Sorrento 2.4 liter four Wheel Drive Rs 68,360 with tax Rs 69,44,360, Sorrento 2.4 liter All Wheel Drive Rs 74,990 with tax 75 lakh 73 thousand 990 and Sorrento 3.5 liter 74 thousand 990 has been taxed to Rs. 75 lakh 73 thousand 990.

It may be recalled that the government has imposed 1% Capital Value Tax (CVT) on electric vehicles with engines larger than 1300 cc and battery packs larger than 50 kWh, which has been in force since July 1.

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