Kia increases car prices due to NEV levy hits auto industry

Updated price shows increases ranging from Rs95,000 to Rs700,000, depending on vehicle variant
An undated image of Kia cars. — Kia Motor Site
An undated image of Kia cars. — Kia Motor Site

Kia has announced a hike in the ex-factory prices of various models, effective from 1st July 2025. The company revealed that the increase in price comes as a result of several economic pressures, including the imposition of the NEV Levy in the Federal Budget 2025-26.

Moreover, the ongoing depreciation of the Pakistani rupee and rising international freight costs impacted the auto industry which led Kia to rev up prices.

According to the company, it had no option but to adjust prices accordingly. The updated price shows increases ranging from Rs95,000 to Rs700,000, depending on the vehicle variant.

Kia car prices after tax

ModelOld priceNew priceDifference
Picanto ATRs3,940,000Rs4,090,000Rs150,000
Stonic EX+Rs5,500,000Rs5,999,000Rs499,000
Stonic EXRs4,767,000,Rs4,862,000

Rs95,000

Sportage L AlphaRs8,499,000Rs8,899,000Rs400,000
Sportage L FWDRs9,999,000Rs10,499,000Rs500,000
Sportage L HEVRs10,999,000Rs11,599,000Rs600,000
Sorento 3.5L V6Rs13,499,000Rs13,899,000Rs400,000
Sorento 3.5L V6 – EMIRs13,999,000Rs14,399,000Rs400,000
Sorento HEV FWD Rs14,699,000Rs15,299,000Rs600,000
Sorento HEV FWD – EMIRs15,199,000Rs15,799,000Rs600,000
Sorento HEV AWDRs15,999,000Rs16,699,000Rs700,000
Sorento HEV AWD – EMIRs16,499,000Rs17,199,000Rs700,000
CarnivalRs17,500,000Rs18,200,000Rs700,000

 Effective date: All orders invoiced on or after 1st July 2025 will follow the revised pricing.

Additional charges: Any new government-imposed duties or changes in currency rates will be passed on to the customer.

Ex-factory only: The prices above do not include freight or insurance.

LMC concluded the announcement by reaffirming its commitment to delivering high-quality products at competitive prices, appreciating its customers’ continued trust and understanding.

However, EV5 Air, EV5 Earth, and EV9 models remain unchanged in price, providing slight relief to electric vehicle buyers.

This price revision is expected to impact consumer demand and could spark a shift toward more budget-friendly or locally assembled alternatives in Pakistan’s automotive market.