Kaiyi Motors Egypt Says No Price Hikes Despite Dollar Surge — Waiting for One Week of Stability

Kaiyi Motors Egypt won't raise its vehicle prices in response to the sudden jump in the US dollar, according to Mohamed Farag, the company's chairman and local agent for the Chinese brand. The decision is striking. Farag said the company prefers to wait until exchange-rate trends become clearer before making any new pricing decisions, rather than passing additional costs onto consumers during a period of currency volatility in the Egyptian market.

Stable Pricing Policy Despite Import Cost Pressures

Kaiyi Motors Egypt is adopting a policy aimed at maintaining price stability, even though it's directly affected by the dollar's rise as a fully importing company. Farag stressed that any price adjustment must be based on actual cost changes, not temporary exchange-rate movements. He added that not every rise in the dollar necessitates an immediate increase in car prices, emphasising the importance of studying the market and managing financial pressures before burdening consumers with additional costs. The approach stands out. The company will review its prices if the dollar stabilises at high levels for a full week, he said, to assess the impact on import costs and make an appropriate decision based on real data.

Expectations of Relief Within a Week

Farag expects signs of relief to emerge within a week, expressing his belief that a calmdown in regional tensions could help push the dollar lower. But he insisted this remains a forecast, not a certainty. He noted that regional turmoil is pressuring markets and currencies, while exchange rates in Egypt move according to supply and demand mechanisms under the flexible exchange-rate system. The market is watching. A sustained period of high exchange rates is what would justify revisiting pricing, he explained, not the sudden spikes that hit the market from time to time.

Corporate Responsibility Toward Customers

Farag emphasised that corporate responsibility goes beyond profit-making to include considering customers' circumstances and preserving their trust during crises. He confirmed that his company won't follow the wave of price increases simply because other companies have done so. The position is clear. Continued investment, expansion and retaining employees, alongside well-studied pricing decisions, are fundamental aspects of corporate responsibility toward the Egyptian market, he added, especially during phases of sharp economic fluctuation.

Confidence in the Egyptian Economy and Continued Investment

Farag reaffirmed his continued confidence in the Egyptian economy and investment opportunities, indicating that pricing decisions will remain tied to actual cost assessments and exchange-rate developments, not to the dollar's sudden surges. He explained that the company is closely monitoring currency-market movements and global market developments. Will base its decisions on real data rather than rushed reactions. The market will decide. The stance comes as Egypt's automotive market faces mounting price pressures from exchange-rate volatility, making Kaiyi Motors Egypt's decision not to raise prices a significant signal for consumers seeking stability in a turbulent market.