KIA’s Justification For Not Reducing Car Prices
KIA Lucky Motors has a distinct comment to make as the local auto industry observes firms lowering their automobile prices one after another in response to the rupee's rise versus the dollar. According to a statement from Lucky Motor Company (LMC), the business is unable to lower the cost of its cars. The warning translates as the firm kept prices the same for more than two years then raised them when it appeared they wouldn't be able to survive. "Dear Respected Customers, Since LMC has always prioritized its customers, we have made the historically unheard-of choice to keep our car prices unchanged for more than two years following the introduction of our flagship models, with an average of just one revision over the previous four years. The price rise was unavoidable, despite the fact that businesses have been compelled to adopt a wait-and-see approach to monitor exchange rate fluctuations to determine where prices will go. Due to the significant depreciation of...