Jump to content

Skyonline

Members
  • Content Count

    9
  • Joined

  • Last visited

Community Reputation

2 Neutral

About Skyonline

  • Rank
    Newbie

Recent Profile Visitors

441 profile views
  1. Skyonline

    Shanghai Motor Show 2019

    Shanghai Motor Show 2019
  2. Skyonline

    Which Automatic car? Please Help

    Thanks
  3. I am looking to replace my Alto with a Automatic Transmission car. AT is required for my wife (she is more comfortable in AT). Well my options are listed below. 1. Suzuki Wagon R 2019 2. Perodua Axia 2019 3. Toyota Vitz 2018 (Recondition) 4. Kia Picanto 2019 Please help me which one to go for. Recommendations for any other car is also welcome and do share any other comments, suggestions and ownership experience of the said cars. Thanks in Advance.
  4. Duty reduction for cars if Sri Lanka's trade balance improves The government is considering duty reductions for small hybrid cars as well as mid-size sedans after the country’s trade balance and foreign reserves improve later this year, authoritative official sources said yesterday. Finance Minister Mangala Samaraweera sharply raised taxes on small hybrid cars following Central Bank of Sri Lanka pressure to put the brakes on the top-selling Japanese Kei cars -- the smallest street-legal vehicle category -- that have out-paced even trishaw sales this year. Both Samaraweera and Central Bank Governor Indrajit Coomaraswamy have maintained that the higher tax slapped from August 1 was not intended to raise more revenue, but to discourage imports, save foreign exchange and ease pressure on the rupee. Sri Lanka's trade deficit will widen as the economy picks up, more foreign investments come in, tourism earnings go up and the government borrows abroad to fund domestic spending even if money is not printed, analysts say. Prime Minister Ranil Wickremesinghe told parliament last week that the small car taxes were a temporary measure and he hoped the trade balance would improve by the end of the year. “Car duties can be brought back to what they were before August 1 or even reduced further, especially for the mid-size cars below 1,500 cc category,” an official source said. He said the 2019 budget could have more measures to buttress Minister Samarawera’s “green, clean” vehicle policy of encouraging electric and hybrid vehicles. Moves to discourage diesel use are also expected with a total ban on the import of diesel powered vehicles for private use. “There would be a re-think on the use of diesel,” the official source said adding that a complete re-think of the country’s energy policy should be undertaken. - Prices remain stable - Despite the duty on a small Suzuki Wagon R going up by as much as 425,000 rupees, there was no marked increase in retail prices at local car dealerships in the past week. Several dealers with large fleets of cars in stock took out advertisements last Sunday saying that they were still selling at the old price. “This is a very price sensitive segment of the market. If we raise the price, we will not be able to move our stocks,” a dealer at Mount Lavinia said adding that he did not notice a spike in demand even at the old price. Car sales on internet portals also showed that there had been no upward adjustment of prices as demand remained sluggish. Dealers had imported large fleets of cars anticipating a tax increase in November. The Central Bank of Sri Lanka officials said there was a foreign exchange outflow of 195 million dollars to import cars below 1,000 cc engine capacity in the first five months of this year, dramatically up from 26 million dollars spent in the corresponding period last year. The mid-sized cars below 1,500 cc also saw a rapid increase going from 20 million dollars in 2017 to 73 million dollars this year. Gasoline powered Sports Utility Vehicles (SUV) also saw a surge this year. Imports of the high-end SUVs cost 8.8 million dollars this year, compared to just 2.6 million dollars spent last year. https://economynext.com/Duty_reduction_for_cars_if_Sri_Lanka_s_trade_balance_improves-3-11507.html
  5. Skyonline

    MG ZS 2018

    If you’re the sort of person who wants a nice looking small SUV that doesn’t cost too much and is more practical than some of its competitors, the MG ZS might be an option for you.
  6. Skyonline

    2018 Budget - Vehicle import duty

    The duty on non-hybrid vehicles with an engine capacity lower than 1000cc will be Rs 1.5 million. https://www.news.lk/news/business/item/21648-import-duty-on-vehicles-below-1000cc-increased Toyota Vitz Kia Picanto Perodua Bezza Perodua Axia Nissan March Toyota Wigo Any price change?
  7. Skyonline

    2018 Budget - Vehicle import duty

    Sri Lanka allows electric car loans up to 90-pct of value Sri Lanka has relaxed budget proposals slashing Loan to Value (LTV) ratios for car imports and will allow loans up to 90% of the value for electric vehicles and 70% of the value for hybrid cars. http://www.economynext.com/Sri_Lanka_allows_electric_car_loans_up_to_90_pct_of_value-3-9185-6.html Sri Lanka pre-budget vehicle import orders under previous duty rate Individuals who opened Letters of Credit for import of vehicles prior to the presentation of Sri Lankan government budget for 2018 last week can clear them under the previous duty rate, the finance ministry said.However, these vehicles should be cleared before April 30th 2018, Minister of Finance and Mass Media Mangala Samaraweera told parliament during the budget debate. http://www.economynext.com/Sri_Lanka_pre_budget_vehicle_import_orders_under_previous_duty_rate-3-9184-6.html
  8. Skyonline

    2018 Budget - Vehicle import duty

    Sri Lanka FM defuses duty shock on used electric cars Sri Lanka's Finance Minister Mangala Samaraweera Friday agreed to extend the substantial duty concession announced in the budget for new electric cars to used models too, particularly the popular Nissan Leaf. http://www.economynext.com/Sri_Lanka_FM_defuses_duty_shock_on_used_electric_cars-3-9145-1.html
×