Vehicle import cost goes up

11 September 2015 02:50 am - 9 - {{hitsCtrl.values.hits}}

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The total vehicle import cost had gone up by eight to ten per cent due to the appreciation of the Japanese Yen against the Sri Lankan Rupee, Vehicle Importers Associationof SriLanka (VIASL) President Indika Sampath Merenchige yesterday said.

“Most of the used vehicles are imported from Japan and due to the appreciation of the Yen and dollar, the total import cost has now increased,” he said.

The Yen and the US dollar rate had been increased between eight and ten per cent against the rupee during the past ten days, while the other currency rates have increased between five to six per cent, sources said.

“Prices of Honda Grace, Toyota Prius would increase by 0.5 million, while Toyota Aqua by 0.4 million and Suzuki Wagon-R by 0.2 million. As the Vehicle Importers Association, we have decided to sell the old stocks at the old price,” Mr. Merenchige said. (Chaturanga Pradeep)

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Comments - 9

Krisna Friday, 11 September 2015 12:06 PM

YAHAPALANA drama commencing to give results for Jumbo Cabinet.

Liberal One Friday, 11 September 2015 02:54 PM

The election gimmick to decrease petrol prices is delivering results. Those with cars can enjoy petrol at lower prices while the poor has to bear the cost of all other things that will shoot up.

Mm Friday, 11 September 2015 03:10 PM

Only the beginning of the repocations of change

Dkoon Friday, 11 September 2015 03:11 PM

Obvious result of National Govt of all crooks. MR is purely responsible pathetic economy created by toppling MR after hatching the coup with Ranil..We the Lankan has to suffer as nothing is moving in the economy except the legal harassment initiated by the MS

Sampath Friday, 11 September 2015 03:31 PM

Curency exchange floating is a necessity. It has nothing to do with the Jumbo Cabinet

Rama Friday, 11 September 2015 04:36 PM

The comment shows your level of intelligence Krishna! The appreciation of the YEN has no connection t to the numbe

Sapu Friday, 11 September 2015 04:39 PM

What does that has to do with this? Are you hurt that MR lost?

simon Friday, 11 September 2015 04:47 PM

Do we that many vehicles into the country. As it is the roads are jammed with all the vehicles.Need to concentrate on exports that will benefit the country !

Narayan Swami Saturday, 12 September 2015 09:25 AM

May god have mercy on your intelligence Krisna.

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Vehicle import cost goes up

Comments - 9

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