Central Bank orders banks to Suspend facilitating importation of all types motor vehicles, Non essential goods for next 3 months
200% LC Margin for vehicle now being removed and Vehicle import for permit also will be allowed .
Government is regulating Imports
The excise duty levied on vehicles engine capacity less than 1000cc had been revised from today, the Finance Ministry said.
We quote the summary of Vehicle Taxes imposed by the Govt. according to the 2018 Budget Proposal Sri Lanka for the convenience of our customers.
Ford said it will add production of a second model at its plant in Craiova, Romania, alongside the EcoSport small SUV.
Sri Lanka’s David Pieris Motor Company Ltd (DPMC), the sole distributors for India’s Bajaj-brand of vehicles is planning to officially launch three-wheelers in Sri Lanka
New Delhi: German luxury car maker Mercedes-Benz today reached cumulative production of one lakh cars in India with the rolling out of an E-Class sedan from its Chakan plant near Pune.
HYDERABAD: Volvo Cars, owned by Chinese automaker Geely, is targeting to double its market share in India to 10% of the luxury segment in the next two years.
Chennai: The first-ever BMW 6 Series Gran Turismo has rolled-out of BMW Group Plant Chennai today. With this, the Munich luxury carmaker has taken its locally produced car models to 9.
The Vehicle Importers Association of Sri Lanka said that the Unit Rate Tax for vehicles with an engine capacity more than 1000 cc has increased with effect from midnight
The duty reduction on electric vehicles in the last budget has not had any effect and up to now not a single high quality electric vehicle has been imported to the country.