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The 2005 Jeep Grand Cherokee parked outside the agent’s showroom during Tuesday’s launch. The US$ 11,600 four wheel drive, joins Sri Lanka’s craze for sports utility vehicle. Sri Lanka’s car industry has been hit by a tsunami of different sorts after the government jacked up import taxes. (LBO Photo) |
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The 2005 Jeep Grand Cherokee parked outside the agent’s showroom during Tuesday’s launch. The US$ 11,600 four wheel drive, joins Sri Lanka’s craze for sports utility vehicle. Sri Lanka’s car industry has been hit by a tsunami of different sorts after the government jacked up import taxes. (LBO Photo) |
Car dealers are among the worst hit by the taxes aimed at plugging dwindling foreign reserves.
Total vehicle registrations have fallen by 112 percent to 688 un