Kia Launches 18-Month Installment Plan for Sportage L HEV

Lucky Motor Corporation (LMC) has introduced a new 18-month installment plan for the Kia Sportage L HEV, aiming to boost sales amid rising car prices and costly bank financing.

The plan is Shariah-compliant and targets the long-wheelbase hybrid SUV, which has drawn significant attention since its launch.

Under the scheme, buyers pay 50% upfront (PKR 5,649,500), followed by 18 monthly installments of PKR 330,528. The ex-factory price of the Sportage L HEV is PKR 11,299,000, offering a clear path to ownership without conventional interest.

The Sportage L HEV features a 1.6L turbocharged hybrid engine delivering 227 hp and 350 Nm of torque, with the extended wheelbase providing extra rear legroom.

Fuel efficiency is a major selling point, promising 16–20 km/L compared to 10–12 km/L for standard 2.0L petrol variants.

Industry experts note that Kia’s move comes amid a “war of offers” in Pakistan’s hybrid SUV market, with rivals like the Haval H6 HEV and Hyundai Santa Fe competing for buyers.

While the installment plan eases financing, the 50% down payment makes it a premium option primarily for high-income customers rather than a mass-market solution.

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With this initiative, Kia Pakistan hopes to maintain sales momentum and attract buyers looking for modern hybrid SUVs without relying on bank loans.