Due To The Introduction Of A Uni Rate And Tax Increase Of Vehicles Through The Budget Prices Of Motor Vehicles To Be Increased

Due to the introduction of a Unit Rate For Vehicles and Tax Increase through the 2016- Annual Budget Proposals presented to the Parliament Yesterday(20) prices of several motor vehicles including Three W healers will be increased according to Vehicle Importers Association Of Sri Lanka.

Accordingly the Price of popular brand 1000CC Hybrid Vehicles "Wagon R" and "Aqua" will be increased by Around Rs.400,000,Duty of an Electric Vehicles will be increased from around 25-30 Lakhs ,Price of a Van will be increased by Rs.25-30 Lakhs and Price of a Three W healer will be increased by Rs.1 lakh the Association has said.

As the Fee of Licence issued for the imported vehicles too has increased through the budget the new Licence Fee charged  for Vehicles will be Rs.15,000 for Cars,Rs.10,000 for Vans and Lorries, Rs.Rs.2000 for Motor Bicycles and Rs.1000 for Three W healers.

The Vehicle Importers Association is expecting to meet  Finance Minister Ravi Karunanayake to resolve some issues arisen due to the tax increase of vehicles the Association has announced.