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Small car prices come down in SL ahead of budget

8 November 2016 01:37 pm - 6     - {{hitsCtrl.values.hits}}

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Car dealers were aggressively advertising discounted prices on small cars amid expectations that Thursday's budget could see another revision of tariffs that will favour smaller vehicles.

Associated Motorways, the agents for the popular Suzuki brand was offering discounts of up to 200,000 rupees and urged buyers to "beat the change, own it today."

Micro cars were also advertising a 100,000 rupee reduction on their small car Panda.

Usually, car dealers urge prospective buyers to beat the budget through which duties are increased, but this time they are careful not to suggest a duty increase.

The move after Finance Minister Ravi Karunanayake announced he wanted to make ownership more affordable and tax usage.

However, on bigger cars with an engine capacity of 1,000 cubic centimetres, the duty calculations are likely to be revised with a possible increase in retail prices.

Taxes on three models - Toyota Premio, Toyota Allion and Honda Vezel - were increased between 220,000 to 384,000 rupees from the start of this month because of an increase in the retail price of the manufacturer. (economynext)

  Comments - 6

  • Arnold Tuesday, 08 November 2016 03:19 PM

    IF there was a decent public transport, I will sell my car and never buy another one. I am fed up with driving in Sri Lankan roads.

    shanthapriya Tuesday, 08 November 2016 03:20 PM

    This govt has no policy even for the car prices.may be there is a hidden policy

    Gayan Perera Tuesday, 08 November 2016 04:59 PM

    Cars, cars, cars but no more (or wider) roads. My recommendation: 1. Forbid threewheelers to drive on main access roads (such as Galle Road)2. Buses only on the left lane3. No parking allowed on the main access roads to keep both lanes empty.I just don't understand nobody at the Ministry takes their job serious. These measures are needed ensuring access to super congested Colombo downtown in near future.

    ET Wednesday, 09 November 2016 06:21 AM

    No wonder, Ravi is driving the finance ministry like a three wheeler driver. So many abruptt changes. Can someone explain to him what is meant by "consistent policy "

    ANTON Tuesday, 08 November 2016 01:52 PM

    NOW ALL THE ROADS WILL BE PACKED WITH SMALL CARS......... I THINK IT WOULD BE BETTER TO BUY A PUSH CYCLE. .... CHEAP, SAFE AND GOOD FOR OUR HEALTH.

    anton geeth Tuesday, 08 November 2016 02:59 PM

    Hi. Machan where is your bike. Can i barrow for a while.


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