KARACHI: After a record price cut of Rs1.513 million in the last week of April, Lucky Motor Corporation Ltd (LMCL) jacked up the price of Kia Stonic by Rs733,000 on Monday.

The company slashed the Stonic price to Rs4.767m from Rs6.280m, which changed the vehicle’s sales fortune. Due to its high prices and intense market competition, the vehicle had been facing sluggish demand. Currently, the vehicle price has been revised to Rs5.5m.

LMCL said it had received an overwhelming response on the five-year celebration limited-time offer on Stonic EX plus. However, due to........

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