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Tax cut on trucks, motorbikes from August 2017

| Car News, New Laws, Sri Lanka | August 18, 2017

Tax cut on trucks, motorbikes from August 2017

Customs duty on small trucks have been reduced by Rs. 300,000 while the duty on motorcycles (less than 150 cc) has been reduced by 90% from midnight today (17 August 2017), the Finance Ministry announced.

3,415 total views, 3 today

Sri Lanka increases taxes for cars over 1000cc

| Car News, New Laws, Sri Lanka, Vehicle Tax | May 27, 2016

Sri Lanka increases taxes for cars over 1000cc

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.

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1,931 total views, 1 today

Special training for passenger bus drivers

| New Laws, Sri Lanka | November 2, 2015

Special training for passenger bus drivers

With the aim of reducing the rapidly increasing accidents caused by passenger transport vehicles, special training has been made compulsory for drivers of SLTB and private buses with effect from this month, the Motor Traffic Commissioner’s Department (MTD) announced.

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1,806 total views, 2 today

Levy on motorists entering Colombo

| Car News, New Laws, Sri Lanka | November 2, 2015

Levy on motorists entering Colombo

The government is considering a levy on all vehicles entering the city of Colombo to ease traffic congestion and encourage car owners to use public transportation, official sources revealed.

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1,722 total views, 1 today

New tariff to facilitate Electric Vehicles announced

| Car News, Electric Vehicles, New Laws, Sri Lanka | October 19, 2015

New tariff to facilitate Electric Vehicles announced

In order to encourage the use of Electric Vehicles, on the 8th of July 2015, CEB had submitted a new tariff proposal for domestic consumers for the approval of the Public Utilities Commission of Sri Lanka.

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1,680 total views, 1 today

Low quality vehicles flood the market

| Car Industry, New Laws, Sri Lanka | October 11, 2015

Low quality vehicles flood the market

Local consumers will face difficulties in buying good vehicles in the future as low quality vehicles are being imported, says President Vehicle Importers Association of Sri Lanka Mahinda Sarathchandra.

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1,528 total views, 1 today

Reduction of LTV ratio will hit motor trade

| Auto Finance, Car Industry, New Laws, Sri Lanka | September 27, 2015

Reduction of LTV ratio will hit motor trade

The move by the government to reduce the Loan to Value (LTV) ratio to 70% is good for the country to save the outflow of foreign exchange and maintain a healthy balance of payment.

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1,345 total views, 1 today

Speeding motorists, watch out !!

| New Laws, Safty, Sri Lanka | August 9, 2015

Speeding motorists, watch out

Traffic laws that deal with high speeding vehicles will be implemented in 72 major roads in the country from August 11 2015 as sign boards have been set up in those roads.

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1,400 total views, 1 today

Honda fined $70 million for failing to report deaths and injuries

| Car Industry, Honda, New Laws, Safty | January 9, 2015

Honda fined $70 million for failing to report deaths, injuries

The federal agency has fined Honda $70 million for neglecting to report death and injury information in a timely way.

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1,332 total views, 2 today

New category for cars with higher engine capacity

| Car Industry, Car News, New Laws, Sri Lanka | December 28, 2012

New category for cars with higher engine capacity

The Motor Traffic Department will from January next year, have a new category for cars with a higher engine capacity of 800cc to 2200cc. The decision comes in the wake of new regulations and guidelines that have been set up for such cars, especially racing cars which mainly fall under this category.

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2,073 total views, 1 today

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