Kia assembler cuts prices

Lucky Motor Corporation (LMC), the assembler of Kia vehicles, on Thursday reduced the price of various models by Rs100,000-500,000, citing rupee appreciation against the dollar. The new price of Picanto AT, Sportage FWD, AWD and Black limited edition is Rs3.850 million, Rs8.040m, Rs8.770m and Rs9.300m, showing a reduction of Rs100,000-350,000. Sorento 2.4L FWD, 2.4L AWD and 3.5L FWD now carry a new price of Rs10.300m, Rs11.200m and Rs11.290m on full payment, down by Rs500,000 each.