Vehicle prices soar post budget
Vehicle prices have significantly gone up with the tax increase in
the 2016 Budget Proposal, which introduces a unit rate for vehicles.
Accordingly the price of an electric motor car has increased by Rs.
2.5 million, Hybrid car by 400,000, mini cab by Rs. 1 million, and
Maruti cars by Rs. 200,000 and three-wheeler by Rs. 100,000.
President, Vehicle Importers Association of Lanka (VIAL), Sampath
Merenchige, said the import tax on hybrid vehicles has been increased by
He added that the prices of other vehicles have also been increased,
making the purchase of a motor vehicle unaffordable for the average Sri
Merenchige said the Association and other importers will hold
discussions with the Finance Minister, seeking redress.