Overview
Pakistan’s automotive industry playing its worse card. The budget for 2023-2024 is coming but the government might plan to increase taxes. As per the new tax increase concerns, KIA announced a special limited-time offer on the delivery of its cars before the budget announcement.
As per the news, the government is planning to increase tax on invoices instead of engine capacity. This might put more burden on customers’ shoulders. An increase in taxes already put the automotive sale at a huge loss. It seems the layer of car price hikes is on its way meanwhile it will cross the red line. However, it will be confirmed once the government announced the Fiscal Budget. Meanwhile, automakers should have to bear to burden including Kia Lucky Motors.
Kia Special Offer
Automakers including KIA trying their least survival options. After Chery, Kia announced a “Ready Deliver” offer on its all-available stock. customers have no need to wait for delivery because they can receive a car at the time without waiting even a single day. This will also protect customers from any future price hike. For this offer Kia Picanto, Sportage, Stonic, Sorento, and Carnival variants are available.
Chery announced the same offer for its Tiggo 8 Pro. The company offered a “Ready Delivery” Tiggo 8 Pro offer to its customers.
These offers attract customers and will make it possible to increase sales before a new layer of taxes. The circumstances of any new tax announcement or price hike not only put customers to suffer but manufacturing companies also face huge losses in sales. Customer behavior changes with the price of cars and it’s usual. The car prices are out of customer range and it is the worst part. Political and economic disturbances affect the rupee value which leads to the cost of production. Same as there are multiple factors that impact the auto industry.
Conclusion
Kia limited time offer introduces on the available stock at the current price. It might save customers from additional burdens in case announce in the budget summary. The overall automotive sector experiences a depression phase of the graph due to multiple sad circumstances. Pakistan Suzuki Motors appealed for a reduction in taxes to the government. They are facing the lowest record sale in the market which collapse the company sale.
