Lucky Motor Corporation Limited (LMCL) has renewed reservations for Kia car following a decision to continue to increase rates.
This announcement comes shortly following the decision of the government to ease restrictions on imports. A representative from the dealership has informed ProPakistani that the dealership will accept reservations for all cars that have the minimum period of delivery of one month.
The week before, Kia Lucky Motor Corporation (KLMC) announced that it would keep the prices it has set, despite significant gains for the rupee against the US Dollar.
In a public notice that is available through ProPakistani The company explained that the hike in vehicle prices is only 14 percent, which is significantly lower than the hike of prices by 19-23%..
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The notification says: We are pleased to know that, in the interest of both the market and its consumers that the prices have been lowered to ensure they are at an acceptable level. we are extremely proud of creating a precedent , and setting an example for all regarding price-setting.
Hyundai Nishat Motor Company Limited (HNMPL) is also maintained its prices using the same reasons similar to KLMC and other automakers have also decreased prices for cars. The question is whether or not the price fluctuations will impact the demand for car is yet to be determined.