Sri Lanka Cars Sales dropped down hit by increased duties

Sri Lanka

Sri Lanka Automotive industry is a dynamic reality fast growing after the still recent country’s pacification. Aiming to boost local production and limit the CO2 emission, Government has moved up and down duties and taxes on the sector. While looking for a future stability, a recent agreement will start up the local production made by Volkswagen. To download professional market research or sales data on this market, visit the Sri Lanka Store

Sri Lanka car market is living on a roller coaster.

The automotive sector in Sri Lanka is living a huge depression, following the 2009-2011 phenomenal boom, sharply killed in March 2012. Indeed, the government aiming to make more cash from vehicles importation duties, suddenly improved tariffs, killing the market and losing cash.

May 26, 2014