New Vehicle Prices after Budget for 2016

As expected the new government budget for 2016 introduce new valuation system for imported vehicles, this valuation lead to increase prices of imported vehicles by Rs. 200,000 up to Rs. 2.5 million.

The new valuation system was introduced recently taking full option manufacturers price as the tax base and the Finance Minister Ravi Karunanayake said  in budget proposal that this is to further strengthen this process of collecting the payable taxes said that the unit rate of excise duty for the vehicles on the basis of cubic centimeters and duties on the percentage basis on certain vehicles would be revised.

Automobile sellers has indicated the main selling automobiles like Nissan leaf, Suzuki WagonR, Suzuki Alto, Suzuki K10, Toyota Aqua, Toyota Prius and Toyota, Nissan Van prices will be increase as follow

Nissan Leaf Electric Vechile by Rs 2.5 Million

Wagon R by Rs. 400,000/-

Auto & K10 by Rs. 250,000/-

Toyota Aqua by Rs. 500,000/-

Toyota Prius by Rs. 700,000/-

Van by 2.5 Million

Meanwhile, 2016 budget has reduced excise duty to 2.5 percent for the vehicles which are run entirely on Solar, Hydrogen or Helium.

And the Vehicle Entitlement Certificate for each vehicle was also introduced and therefore motor cycle and three wheeler is unchange, Rs.15,000 for a motor car and Rs.10,000 per vehicle for all other vehicles would have to pay as fee

Daihatsu Terios 2015 for Rs. 4,950,000/- from Softlogic Automobiles

Softlogic Automobiles announces a special prices for Daihatsu Terios 2015 as Rs. 4,950,000/- and Softlogic automobiles allow car trade in and trade up against to Daihatsu Terios 2015.

Daihatsu Terios 2015 comes with 2 year/ 50,000km warranty with island wide regional service networks.

For more details contact to Softlogic automobiles on  288/14, Royal Gardens, Rajagiriya | Tel:Thamosha 077 309 6626, Dhanuja 077 386 2812, Mayura 0777372 160

Or see below image for more details

Daihatsu Terios 2015 for Rs. 4,950,000- from Softlogic Automobiles
Daihatsu Terios 2015 for Rs. 4,950,000- from Softlogic Automobiles

Mercedes Benz GLA Now available in Sri Lanka for Rs. 10.2 Million (All Inclusive)

Experience the brand new Mercedes-Benz GLA-Class premium compact SUV from DIMO today for Rs. 10.2 Million in all inclusive price.

Your everyday becomes extraordinary in the all-new Mercedes-Benz GLA-Class premium compact SUV. Combining sophisticated styling, incredible performance, and stunning fuel efficiency, this vehicle is a beast on the street. Featuring a cutting-edge Mercedes-Benz engine, ample boot space, and luxurious interiors, this SUV is equally at home on tarmac or dirt roads, rain or shine.

Drop in at DIMO 800 today and make your everyday extraordinary.

Test drives can also be booked by calling 011 2 44 97 97.

For more details contact to Diesel & Motor Engineering Plc (DIMO) 800, Sirimavo Bandaranaike Mawatha, Colombo 14. Tel: 011 2 44 97 97  or see below image

Mercedes Benz GLA Now available in Sri Lanka for Rs. 10.2 Million (All Inclusive)
Mercedes Benz GLA Now available in Sri Lanka for Rs. 10.2 Million (All Inclusive)

MG6 Turbo Automatic now available in Sri Lanka for Rs. 5,850,000/- upwards

Born of a racing pedigree and sculptured into a turbo-charged, aerodynamic show-stopper, the new MG6 comes to you in Fastback and Magnette options – in Manual for an authentic driving experience.

And now – Automatic for a comfort feel.

MG6 Turbo Automatic – Features

  • 1.8 litre, turbo-charged, petrol engine
  • Front & Rear parking sensors
  • Rear view camera
  • Automatic front wiper with Rain sensor
  • Automatic headlamps with dusk sensor
  • Leather interior
  • Trip computer
  • Electric seats
  • Stereo CD+FN Tuner with MP3 Compatibility
  • Steering mounted audio controls
  • 472 litres boot space
  • 18″ “Straight” design Alloy wheel

All above features comes in Rs. 5.85 Million Upwards for more details contact to Unimo on 077 292 00 00 or visit to 100, Hyde Park Corner, Colombo 2.

MG6 Turbo Automatic now available in Sri Lanka for Rs. 5,850,000- upwards
MG6 Turbo Automatic now available in Sri Lanka for Rs. 5,850,000- upwards

Fuso Truck & Lorry prices in Sri Lanka

United Motor Lanka PLC introduces a Fuso Truck & Lorry in Sri Lanka, enjoyed a unmatched prices and highly suited to Srilankan roads.

Fuso FJ 24 ft 10 wheel Truck with Cab Chassis for 25 Tons load Rs. 6,690,000/-

Fuso FA 17 ft 6 wheel Truck with Cab Chassis for 9 Tons load Rs. 3,690,000/-

Fuso FA 19 ft 6 wheel Truck with Cab Chassis for 9 Tons load Rs. 3,775,000/-

Fuso FA 21 ft 6 wheel Truck with Cab Chassis for 9 Tons load Rs. 3,990,000/-

Fuso FI 14.5 ft 6 wheel Truck with Cab Chassis for 12 Tons load Rs. 4,290,000/-

Fuso FI 19 ft 6 wheel Truck with Cab Chassis for 12 Tons load Rs. 4,390,000/-

For more details contact to Chinthaka 077 2385638 or 077 8018478 / 077 6418907 / 077 9362738 /

Or see below image

Fuso Truck & Lorry prices in Sri Lanka
Fuso Truck & Lorry prices in Sri Lanka

Suzuki Grand Vitara for Rs. 5,563,000/-

Enjoy 4 wd experience with Suzuki Grand Vitara at an attractive price of Rs. 5,563,000/- (All Inclusive). The Suzuki Grand Vitara brings you a real off road experience in Sri Lanka with 4 years or 80,000 kms warranty.

For more details see below image or contact to Associated Motorways (Private) Ltd, 445. Bauddhaloka Mawatha. Colombo 8.

Suzuki Grand Vitara for Rs. 5,563,000.00
Suzuki Grand Vitara for Rs. 5,563,000.00

Hyundai Eon Price in Sri Lanka – Rs. 2,350,000/- Updated May 2018

Hyundai Lanka (Pvt) Ltd is an sole agent for the Hyundai Automobiles in Sri Lanka announces their special price of Hyundai Eon after tax reduction of Less than 1000cc Motor car category.

The Hyundai Eon new Price is Rs. 2,350,000 only.

The Hyundai Eon is a trendsetter for cars below 1000 cc. It is in a class all its own, with more space, style and features than others in its range.

Drive this truly unique car which offers absolute value for money. You’ll love its fluidic design, great fuel efficiency and ergonomic comfort.

  • Gearshift light – saves fuel by indicating when to change gears
  • Electric power steering with tilt function
  • And many other exciting features

 

This attractive price is with a 3 year or 100,000 kms Exclusive warranty, for more details contact to Hyundai lanka,  Nilesh : 0773 994 994, Kamal: 0773 242 048, Shiraz : 0773 432 173 and Ravishan : 0778 058 381

Or visit Hyundai Lanka (Pvt) Ltd # 1035, Pannipltlya Road, Battaramulla, Sri Lanka. I Tel: 94-11-2866866

Hyundai Eon Price in Sri Lanka – Rs. 1,850,000/-
Hyundai Eon Price in Sri Lanka – Rs. 1,850,000/-

MG 6 Now available in Sri Lanka for Rs. 4,675,000/-

Unimo Enterprise Limited a Fully own subsidiary of United Motors Lanka PLC Introduce a leading MG Automobiles again to Sri Lanka.

Now own your brand new MG6 car at your interest and selection on Sedan or Sportback models at  a special price Rs. 4,675,000/- upwards.

Power

  • 1.8 Aluminum Turbocharged Engine
  • Acceleration 0-100km/h in 8.4secs

Control

  • ABS with EBD
  • Stability Control with EBA & HHC
  • Cruise Control

Technology

  • Multi-Format multimedia with AUX/USB connectivity
  • One-touch start
  • All-In-One audio control steering wheel system
  • Bluetooth cellular phone hands-free system
  • V-PDC Video parking with reverse camera
  • Multi-zone Climate Control

Safety

  • SCII nine-in-one smart safety system
  • Intelligent Headlight and Wiper system adapting to driving conditions
  • SRS six integrated airbags
  • Euro-TCI anti-theft control system

Design

  • 17-inch bull’s eye precision aluminum wheels
  • F1 inspired electric leather race car seats
  • Sunroof
  • Ambient Lighting

 

MG6 Available In 2 models, Sedan and Sportsback at a special price of Rs. Rs. 4,675,000/- upwards

For more details contact to Unimo Enterprises Limited, No 525 Union Place. Colombo 02.

Or contact to Nico : 0770 227 360, Marize : 0774 226 535 or Yasantha : 0771 678 996

Or see below image

MG 6 Now available in Sri Lanka for Rs. 4,675,000/-
MG 6 Now available in Sri Lanka for Rs. 4,675,000/-

Partner Half Body Trucks and Freezer Trucks in Sri Lanka

Ashok Leyland and Nissan Joint ventured and produce a New Branded Trucks in India and Sri Lanka. the New Ashok Leyland and Nissan joint produced Truck name as “Partner” now available in Sri Lanka.

Ashok Leyland Freezer Truck in Sri Lanka

Partner Freezer Truck available in Sri Lanka to cater your needs of temperature as low from +4Degreee C to +20 Degree C.

And you could Obtained these Freezer from the range of 10 Feet and 13 Feet Truck at Starting Price of Rs.4.5 Million (Rs. 4,500,000/-)

Ashok Leyland Half Body Truck in Sri Lanka

Partner half body truck available in Sri Lanka at a special Prices from Rs. 2.325 Million Upwards on Loading area of 10, 11 and 14 Feet.

The Partner Trucks are Fuel Efficient 3L ZD30 Common Rail Diesel Engine with many more features as below,

  • GVW 7,000 Kg
  • Payload 4,500 Kg
  • Adjustable Power Steering
  • Front parabolic suspension for superior riding comfort
  • Spacious tillable driver’s cabin with optional A/C

For more details see below image or contact to Lanka Ashok Leyland Plc at No. 41, Edward Lane, R. A. De Mel Mawatha, Colombo 03. Or contact on telephone 011-2502532, 2590404, 2592163

Partner Half Body Trucks and Freezer Trucks in Sri Lanka
Partner Half Body Trucks and Freezer Trucks in Sri Lanka

Suzuki Grand Vitara Price in Sri Lanka – Rs. 5,563,000/- March 2015

The Suzuki GVs minimalist look hides the sheer power of a 2.0 litre, 16V petrol engine under the hood. Roar through the urban jungle and explore the wild outdoors with ample space for passengers and luggage. A proven performer, the GV is the ideal combination of comfort and power for any terrain.

  • 4 years or 80,000km warranty
  • Diamondbrite paint protection package with 3 years warranty
  • 24-hour AMW Roadside Assistance & 6 free services in the 1st year

For more details see below image or contact to Associated Motorways (Private) Ltd

445, Bauddhaloka Mawatha, Colombo 8.

Tel : 0117 609 609

Suzuki Grand Vitara Price in Sri Lanka – Rs. 5,563,000/-  March 2015
Suzuki Grand Vitara Price in Sri Lanka – Rs. 5,563,000/- March 2015

Isuzu Noa Truck for Rs. 3,300,000 and Leasing Facility from Commercial bank

Sathosa Motors PLC announces a special Leasing Option for Isuzu Noa truck from Commercial Bank, and enjoys a leasing charge of Rs. 2,060/- per 100,000/- from Commercial Bank.

Deals from Sathosa Motos PLC

  • A discount of Rs. 50,000 on trucks & buses
  • Six labor free services
  • 2 year or 40,000km, warranty 100,000km warranty on the engine (Maintenance must be done through Sathosa Motors PLC)
  • For buses 1 year or 60,000km whichever occurs first

For more details see below image

Isuzu Noa Truck for Rs. 3,300,000 and Leasing Facility from Commercial bank
Isuzu Noa Truck for Rs. 3,300,000 and Leasing Facility from Commercial bank

Sampath bank Leasing option at least interest rate

Sampath bank announces special promotions for their clients to enjoy a special monthly installment scheme as pay Rs. 1,836/- per Month (Expected to be 60 Months – Not Stated by Sampath bank)

This installment scheme is available for any vehicles of Petrol, Diesel, Hybrid, Registered or Unregistered at the best monthly Installment scheme.

For more details contact to Sampath bank on 0112 30 30 50 or see below image

Sampath bank Leasing option at least interest rate
Sampath bank Leasing option at least interest rate

Mitsubishi and Fuso Lorries and Trucks in Sri Lanka

United Motors Lanka PLC is an authorized dealer for the Mitsubishi and Fuso automobiles in srilanka offer special prices for Mitsubishi and Fuso Lorries and Trucks in Sri lanka.

United Motors Lanka PLC made available few models of Mitsubishi and Fuso Lorries and Trucks as below,

  • Canter Crew Cab 1 ½ ft. Half Body, 7 Seater, Crystal Light
  • Canter 14 ½ ft (5/6 studs), 16 ½ ft, Half Body, Crystal Light, Double Wheel, Wide Face
  • Canter 10 ½ ft (Single Wheel/ Double Wheel), 14 ¼ ft Narrow Face, Half Body, Crystal Light
  • Fuso Heavy Duty 22 ft Cab & Chassis

Prices starting from Rs. 3,890,000/- Upwards

100,000km Warranty on Engine

Manual Injector Pump

Upper Leaf Spring

For more details see below image or contact to United Motors Lanka PLC on 0773 613074 / 0777 419398

Mitsubishi and Fuso Lorries and Trucks in Sri Lanka
Mitsubishi and Fuso Lorries and Trucks in Sri Lanka

Hero Splendor iSmart Bike Price – Rs. 194,990/- Only

Abans a dealer of Hero Motor Bikes in Sri Lanka announces a special Prices for the Splendor iSmart for Rs. 194,990/-.

The Splendor iSmart is updated version of Splendor motor bikes with much more features as stated below,

Engine
Type Air Cooled, 4 – Stroke Single Cylinder OHC
Displacement 97.2 cc
Max. Power 5.74 KW (7.8 Ps) @ 7500 rpm
Max. Torque  0.82 Kg-m (8.04 N-m) @ 4500 rpm
Compression Ratio 9.0:1
Starting Self Start
Ignition DC – Digital CDI
Transmission & Frame
Clutch Multiplate Wet
Gear box 4 – Speed Constant Mesh
Frame Type Tubular Double Cradle Frame
Suspension
Front Telescopic Hydraulic Shock Absorbers
Rear Swing Arm with Adjustable Hydraulic Shock Absorbers
Brakes
Front Brake Internal Expanding Shoe Type (130 mm)
Rear Brake Disc Internal Expanding Shoe Type (110 mm)
Wheels & Tyres
Rim Size Front 18 x 1.60 | 18 x 1.85 Spoke Wheel / Cast Wheel
Rim Size Rear 18 x 1.60 | 18 x 1.85 Spoke Wheel / Cast Wheel
Tyre Size Front 2.75 x 18 – 4 PR | 80/100 – 47P Tyre w Tube | Tubeless Tyre
Tyre Size Rear 2.75 x 18 – 6 PR | 80/100 – 54P Tyre w Tube | Tubeless Tyre
Electricals
Battery 12 V – 3 Ah (MF Battery)
Head Lamp 12 V – 35 W/ 35 W – Halogen Bulb, Trapezoidal, MFR
Tail/Stop Lamp 12 V – 5 / 21 W, MFR
Dimensions
Length 1965 mm
Width 770 mm
Height 1095 mm
Wheelbase 1235 mm
Ground Clearance 160 mm
Fuel Tank Capacity 8.7 Litre
Reserve 1.8 Litre
Kerb Weight 110 Kg (Self)

 

For more details see below image or contact to Abans on 011 5777000

Hero Splendor iSmart Bike Price – Rs. 194,990- Only
Hero Splendor iSmart Bike Price – Rs. 194,990- Only

Mitsubishi Attrage for Rs. 3,790,000/- Upwards from United Motors

The all new Attrage designed keeping the environmental conscious individual in mind with more mileage to a liter whilst offering the best in unbeatable comfort, uncompromised safety and latest technology.

Hot only is it fuel economical but also comes with a 2 year / 40,000km warranty and island wide after sales service making H the ideal choice for you at a special Price of Rs. 3,790,000/- upwards

For more details contact to United Motors Lanka PLC on 011 2448 112/4

Nugegoda 0777 898 455
Anuradhapura 0773 444 376
Kandy 0773 608 859
Nuwara Eliya 0773 858 096
Kurunegala 0773 849 561
Matara 0773 595 269
Ratnapura 0777 354 981
Jaffna 0773 325 521
Channa 0773 675 491
Sachin 0777 334 366

 

Showroom: 100, Hyde Park Corner, Colombo 2. Tel: 011 2 448 112/4, 0114 797 200
or see below image

 

Mitsubishi Attrage for Rs. 3,790,000- Upwards from United Motors
Mitsubishi Attrage for Rs. 3,790,000- Upwards from United Motors

New Price of Hybrid electric Car in Sri Lanka- After Budget

 

Vehicle Importers Association Chairman Mahinda Sarathchandra stated to media that prices of vehicles below 1000 cc would come down only by Rs. 25, 000 in the wake of the 15% tax reduction announced in Thursday’s mini budget while all hybrid cars would go up by as much as Rupees one million.

The custom duty for less than 1000cc vehicle is 172.5% which had been imposed on cars below 1000 CC was reduced to 155.25% which would result in a decrease of Rs. 25, 000 for cars below 1000 cc.

And he stated that however prices of hybrid Electric cars would go up by a huge amount due to the new tax system. he said the price of a Prius hybrid car would go up by Rs. 975, 000, Axio hybrid car by Rs. 725, 000 and Honda Fit hybrid car by Rs. 700, 000 because of the new taxation. He said the tax revisal would have an impact on vehicle importers.

How much Maruti Suzuki Cars (Less than 1000cc) prices will go down in Sri Lanka after New Budget

Vehicle Importers Association Chairman Mahinda Sarathchandra stated to media that prices of vehicles below 1000 cc would come down only by Rs. 25, 000 in the wake of the 15% tax reduction announced in Thursday’s mini budget while all hybrid cars would go up by as much as Rupees one million.

The custom duty for less than 1000cc vehicle is 172.5% which had been imposed on cars below 1000 CC was reduced to 155.25% which would result in a decrease of Rs. 25, 000 for cars below 1000 cc.

Casino contributes Rs. 500 Million as a Tax Revenue to the Government

The Deputy Minister of Finance and Planning, Sarath Amunugama stated in Parliament that Casinos are one of the tax revenue generating sources in Srilankan Economy, where the Casino industry is approximately contribute Rs. 500 Million for government revenue as taxes.

And the Minister stated that the government had earned revenue of Rs 1,400 million by way of taxes from four casinos in the country from last 6 years.

According to the information provided by the Deputy Minister, a casino was required to pay Rs 50 million per year, in taxes, to the government. However, this was increased to Rs 100 million from the beginning of 2013.

It was also revealed that a fifth casino was established in the country in 2013. As a result, the government would thereby earn total of Rs.500 million through the taxation of those five casinos.

New Vehicle Valuation and tax scheme will increase the prices of vehicles by Rs. 400,000 to Rs. 500,000

As news stated the Customs Director General Jagath Wijeweera inform the customs department is deciding on the value of brand new vehicles instead of accepting the declaration by the importers.

This has decisions has make in the detail investigation on vehicles importers undervalued the vehicle valuation while imports, its including few leading companies too.

This approach has reduced tax incomes to the government which is a considerable amount in total. Therefore the customs has set up valuation committee to determine the value of the vehicle and thereby impose the valuation tax.

The New taxation systems are expected to lead to a vehicle prices increase between Rs. 400,000.00 to Rs. 500,000.00.  But this system will help government to raise their tax revenue to the government.

It is expect to be applies for those who imported and yet to clear them.

 

Factors to Consider before and after implement this New Tax System – Personal Opinion

Before implement this new tax scheme

  1. Makesure it is not to impact to the law budget vehicles which are mostly purchases for the self-businesses or small businesses like three wheels, Small cars for Budget taxi and motor bikes.
  2. Understand the weakness and wholes in old tax systems and make alerts to income tax department or customs to be aware of those lopes whole.
  3. Consider the cost of living index and increase accordingly, rather increase just because of maximise revenue
  4. Take actions against those who violate and get penalties for their wrongful behaviour

After implementation this new tax scheme

  1. Makesure its not harms to low income or middle income class who dreams to buy a small cars or basic model of vehicles
  2. Rectifies all the lopes whole and avoid any fraud to comes in future
  3. Educate importers and customs about the new vehicle import tax system and avoid any under pricing in future
  4. Be tight with rules and regulations and need to take actions against those to violating this new impose tax systems.