LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Tue, 22 July 2014 23:57:06
Sri Lanka truck, small car prices up after budget
15 Nov, 2012 08:26:30
By Jayantha Kovilagodage
Nov 15, 2012 (LBO) - Prices of small cars may go up by 200,000 and trucks by about 400,000, and three wheelers by about 25,000 following tax changes announced in the budget, industry officials said.
The price of a truck may go up by about 400,000 depending on the weight head of Ceylon Motor Traders' Association Tilak Gunasekera said. Trucks range from 5 to 20 tonnes.

Trucks had a 7 percent port and airport levy and nation building tax. The budget had imposed a 15 percent excise duty raising taxes to 22 percent. Compared to trucks however, cars are taxed at a much higher rate.

The price of a small car may go up by 200,000 rupees, he said.

Some of the cheapest small cars in the market include an Indian made Maruti and the Tata Nano.

Reginald Heyzer sales Manager of Associated Motorways said the price of an 800cc engine Maruti may go up by over 100,000 rupees and an Alto model by about 75,500 rupees.

The prices of larger cars will remain stable as they already pay over 750,000 in taxes, under the rules announced in the tax change, Gunasekera said.

The price of a three wheeler may go up by about 25,000 rupees.

Update II

Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Location
Country
Your Email
Receivers Email
Your Comment
 
READER COMMENT(S)
4. hd Nov 16
Me too
3. Kanvith Nov 16
I wish government invests the additional revenue earned on infrastruture development such as MRT/Subway systems. This will make all class of people to start using these facilities for frequent commuting with city limits.

In Toronto apart from 200km subway system running across all corners of toronto city and it's GTA, where subway trains operate at a frequency of every 3 mins. People leave their cars are subway stations and use trains to move across any part of the city.

We also have a P.A.T.H walk path system connecting all city buildings in financial district. Its around 30Km2 area covered by the underground. People don't require to go out to road during harsh weather conditions. P.A.T.H is full of departmental stores, resturants, offices, access to subway, etc. etc. Wonderful world indeed.

2. Wadda Podda Nov 15
@Asd. Then do something. Get rid of that old man in the opposition first.
1. Asd Nov 15
I hate this rule makers