Lucky Motor Corporation Slashes KIA Stonic EX+ Price

The KIA Stonic EX+ has experienced a substantial price reduction after Lucky Motor Corporation (LMC) revealed a significant cut in its rates. According to a notification shared by the South Korean company, the price of the KIA Stonic has decreased by approximately 24%, with the new rate now set at Rs 4,767,000 compared to its previous price of Rs 6,280,000. This price adjustment, effective from April 29, 2024, marks an unprecedented move in the local market.

It is important to note that the price reduction applies exclusively to the KIA Stonic EX+ model, with no changes made to the prices of other models in the company's lineup, such as the Kia Sportage and Picanto. This decision follows a similar pricing strategy implemented earlier this year when Kia lowered prices for the Sportage model in March 2024.

Despite these significant price adjustments, Lucky Motor Corporation has not disclosed the specific reasons behind these changes, leaving consumers and industry experts speculating about the motives driving these decisions.

The sudden and substantial price drop of the KIA Stonic EX+ model by Lucky Motor Corporation has sent ripples through the local automotive market. With no clear explanation provided by the company, the industry is left to ponder the implications of these pricing strategies on consumer behavior and market dynamics.