Budget: Vehicle prices may go up and down

2017-11-11 06:15:35

The latest Budget proposals might trigger price increases of some motor vehicles including Aqua, Axio, Premio, Allion, Prado, Toyota Prius (Hybrid) while the prices of some might decrease, Sri Lanka Vehicle Importers’ Association President Indika Sampath Merinchige said yesterday.

He told a media briefing that the Budget 2018 had suggested calculating levies of vehicles on a unit duty basis except for Freezer Truck vehicles.

“The prices of Toyota Axio, Toyota Aqua, Honda Vezel and Honda Grace will increase by Rs.750, 000 as a result of the hike in vehicle import excise duty. On the other hand, prices of Suzuki Wagon R, Toyota CH-R, Toyota Vitz 1000 CC and Nissan Leaf will come down.” Merinchige said.

Meanwhile, the association's secretary Keerthi Gunawardana said the budget had proposed banning the import of vehicles which do not have air bags, anti-locking breaking system/ABS, and three point Seat Belt with effect from January 1, 2018.  (Sheain Fernandopulle and pic by Nisal Baduge)


  Comments - 13

  • Sunil Saturday, 11 November 2017 06:42

    This budget tax structure will promote all substandard vehicles from India. Why don't our leaders have the vision to formulate a policy such that we run only good quality vehicles imported from Japan.

    Reply : 0       3

    Snowy Saturday, 11 November 2017 06:57

    I was watching news on TV where the car dealers spoke. They seem every upset with the budget. Exposed the connections they had before.

    Reply : 0       0

    ANTON Saturday, 11 November 2017 07:07


    Reply : 0       0

    Driver Saturday, 11 November 2017 07:23

    Will the vehicles start flying?

    Reply : 0       1

    Snowy Saturday, 11 November 2017 10:44

    Oh! tha headless wheeler dealers. Now that the car prices has gone up try the banks.

    Reply : 0       0

    BE FAIR Saturday, 11 November 2017 10:49

    VIAL: a bunch of crooks who dupe

    Reply : 0       0

    Wise Donkey Saturday, 11 November 2017 10:52

    How about bicycles replacing cars. Good for health as well we save valuable foreign exchange. Mahinda will give the leadership for this campaign.

    Reply : 0       0

    Arnold Saturday, 11 November 2017 11:11

    Why does the budget always have to revolve around vehicles and fuel? Is the transport the ONLY important thing in Sri Lanka. What about increasing industry and agriculture and exports???? Why not reduce the interest rates, so that people will work for their money or work their monies instead of locking them up in Fixed deposits and enjoy the sky high interest rates?

    Reply : 1       1

    fareed Saturday, 11 November 2017 13:30

    prices of imported and local product cannot be controlled by the government as the currency is weak, country that export more keep its currency lower; example is China, the country that import more than export keep its currency strong because they produce more and export more. In fact, people need not have to have Phd to understand these simple fact.

    Reply : 0       0

    Sambo Saturday, 11 November 2017 20:05

    The vehicle prices should go up and the prices of three wheelers should go up by about three hundred thousand rupees as this country is over loaded with vehicles and three wheelers have become a menace to this country. There is more than enough vehicles on the streets. To hell with the vehicle importers association. They only want to fill their pockets.

    Reply : 2       1

    Lasantha Sudeers Sunday, 12 November 2017 11:56

    So what will be the new price of a Nissan Leaf, will this affect the current car in the country?

    Reply : 0       2

    mnsmart Monday, 13 November 2017 13:35

    Now Car(t)s for you and me?

    Reply : 0       1

    ajith Perera Wednesday, 22 November 2017 22:11

    No body commented on the real fact can you see drastic increase on Toyota Prado you know Why MP and senior government servant will pocket Cool 25 million by selling permit

    Reply : 0       0

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