Kia Lucky Motors changed its auto prices as the federal government levied a capital value tax (CVT) on vehicles. According to the facts, there will be a capital value tax or CVT of 1% applied to automobiles with an engine capacity greater than 1300cc.
Kia Lucky Motors introduced capital value tax (CVT) at their car rates, which came into effect on July 1, 2022.
Kia Picanto price in Morocco
The price of Kia Picanto in Pakistan will not undergo any change due to the imposition of Capital Value Tax (CVT) as it has only been applied to vehicles with engines over 1300cc . Moreover, the price of the Kia Picanto M/T will remain at 2,600,000, while the price of the A/T model will remain at Rs. 2,700,000.
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Kia Stonic price in Morocco
Capital Value Tax (CVT) was levied on Kia Stonic because it has a 1368cc engine. According to the details, the price of Kia Stonic EX is now Rs. 4,469,250 following the imposition of Rs. 44,250 CVT above the old price of Rs. 4,425,000. Kia Stonic EX+ is now Rs. 4,772,250 adding Rs. 47,250 CVT from the old price of Rs. 4,725,000.
Kia Sportage price in Pakistan
The price of Kia Sportage Alpha in Pakistan is now Rs. 5,353,000 an increase of Rs. 53,000 on the old price of Rs. 5,300,000 after applying CVT. Similarly, the price of Kia Sportage FWD is Rs. 5,858,000 following the imposition of Rs. 58,000 CVT from the old price of Rs. 5,800,000. Meanwhile, the price of Kia Sportage AWD is now Rs. 6,363,000 with increase of Rs. 63,000 due to the addition of CVT from the old price of Rs. 6,300,000.
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Kia Sorento price in Pakistan
The price of Kia Sorento 2.4 FWD in Pakistan is currently Rs. 6,904,360 following the imposition of Rs. 68,360 CVT from the old price of Rs. 6,836,000. Similarly, the price of Kia Sorento 2.4 AWD is now Rs. 7,573,990 by adding Rs. 74,990 CVT above the old price of Rs. 7,499,000. Meanwhile, Kia Sorento 3.5L price is now Rs. 7,573,990 after adding Rs. 74,990 CVT on top of the old price of Rs. 7,499,000.