Japanese vehicle prices may go up by 10% due to strong Yen: VIASL

10 March 2020 11:28 pm - 2     - {{hitsCtrl.values.hits}}

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The price of the vehicles imported from Japan would be increased due to increase of the Cost, Insurance and Freight (CIF) value of Japan vehicles by 10 per cent, the Vehicle Importers Association of Sri Lanka (VIASL) said today.

Speaking to the Daily Mirror VIASL President Ranjan Peiris said the CIF value was increased due to the appreciation of Japanese Yen by 10 per cent. He said the selling rate of a Japanese Yen was increased to Rs.1.78 from 1.63.

As a result of yen appreciation, the CIF value, all the vehicles imported from Japan would be increased accordingly, he said.

The Japanese vehicles price will increase in the following manner according to the VIASL: Suzuki Wagon R- Rs.170,000, Toyota Passo-Rs.160,000, Toyota Vits-Rs.240,000, Toyota Axio-Rs.375,000, Toyota Premio-400,000, Toyota raize - Rs.400,000, Toyota CHR -Rs.Rs.470,000, Honda Vezel - Rs.400,000 and Honda Grace- Rs.350,000. (Chaturanga Samarawickrama)

  Comments - 2

  • Lokka Wednesday, 11 March 2020 08:23 AM

    These guys are making stories to get easy money. Government should be involved and need to formulate moving average rates (monthly), rather than not spot rates.

    sagara Wednesday, 11 March 2020 09:07 AM

    Only increase counts with sound but when rate go down all silent, hoe unlucky people we are. who is monitoring theese.


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