Vehicle prices may go up by 10% due to Yen rise: VIASL

15 February 2018 08:20 am - 11     - {{hitsCtrl.values.hits}}

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The prices of imported vehicles were likely to increase by 10 percent because of the increase in the exchange rate of Japanese Yen, Vehicle Importers Association of Sri Lanka (VIASL) said yesterday.

VIASL Chairman Ranjan Peiris said the selling rate of a Japanese Yen was Rs.1.47.

“Therefore, a vehicle worth Rs.5 million will be increased by Rs. 500,000. This will only affect future vehicle imports,” he said. (Chaturanga Samarawickrama)

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  Comments - 11

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 
  • DHA Thursday, 15 February 2018 09:03 AM

    Probably Sri Lanka is the only country where a vehicle and property are almost priced at same.....

    Motorist Thursday, 15 February 2018 03:14 PM

    Does not matter as long as WHITE VANS do not go up in price!!!

    Premalal Thursday, 15 February 2018 09:24 AM

    We live in a country where the best profession is to be a politician. You can study hard and get the best qualification but you will never be able to afford good things in life. No wonder everyone wants to get out of this country at the first opportunity.

    Buddhika Thursday, 15 February 2018 09:33 AM

    At the time of budget the yen was at 1.367 but today its 1.459 sot its not close to 10%, so how come the price can increase by 10%, this is post election "Magadi"

    ulr Thursday, 15 February 2018 10:47 AM

    @Buddhika Seems like "Magadi" from Vehicle Importers Association.. to clear there stock

    Messiah Thursday, 15 February 2018 11:06 AM

    Thanks yahapalane

    Dee Thursday, 15 February 2018 11:13 AM

    Knowing our market , the prices of non Japanese vehicles will also increased. And of course second hand market will be increased by about 15%. This is a country where the 'kola amme' jacked up a bunch of herbs by "15%" when the VAT was increased by 3%.

    Karu Thursday, 15 February 2018 01:01 PM

    In vehicle trade our Government makes more money than the manufacturer. Their brains our cake.

    Jaya Thursday, 15 February 2018 02:52 PM

    Exactly. There are over 250,000 3 letter cars on the road. At least 1Mn Tax from each car would come to Rs. 250 Billion.

    Ahmed Thursday, 15 February 2018 02:16 PM

    how will this effect indian and malaysian vehicles ?

    Mohammed Thursday, 15 February 2018 08:31 PM

    Car Market has become a joke lately


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See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.