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  1. The Ceylon Motor Traders Association (CMTA) urged the Government to provide a clear direction on the period of the vehicle import suspension and emphasized the need to regulate automotive imports to legitimate importers that have been vetted by the Government. “First and foremost, we appreciate the Government’s leadership and initiatives taken to control the spread of COVID-19 in Sri Lanka. Our situation is far better than most countries around the world thanks to the Government’s actions. However, the vehicle import ban has adversely impacted thousands of Sri Lankans and it is the responsibility of the Government to communicate clearly to us as to when it will be lifted so that businesses and citizens can plan ahead. In addition to the lifting of the ban, the other key issue is for the Government to introduce proper regulations to take the industry to the next level.” He said that the CMTA plays a significant role in the transportation sector by acting as the bridge between Sri Lanka and automotive manufacturers worldwide. CMTA consists of all the franchise holders of global automotive brands that import and market cars, commercial vehicles, 2-wheelers and 3-wheelers, as well as tyres and lubricants, with substantial investments into island-wide infrastructure to providing direct & indirect employment to over 20,000 individuals across the island. The association reiterated that the complete suspension of all vehicle imports has caused great hardship to the entire industry. It requested the Government to provide a firm timeline on when it plans to recommence imports. The association stated that soon after the vehicle import suspension, the organisation submitted letters to the relevant authorities requesting for clear communication as to when the import restrictions are expected to be lifted in order to make plans to ensure the continuity of the industry. “Unfortunately, there has been no proper response to these requests leaving the industry uncertain of its future,” CMTA said. https://colombogazette.com/2020/07/30/vehicle-importers-fear-collapse-of-industry-following-ban-2/
  2. Abans announced their partnership with Hyundai as the authorized distributor of Hyundai vehicles in Sri Lanka Link - https://www.dailynews.lk/2020/01/30/finance/209930/abans-auto-partners-hyundai-motor-company
  3. Worst Rated Indian Cars By Global NCAP, which sold in Sri Lanka 1. Maruti Suzuki Alto 2. Maruti Suzuki Celerio 3. Renault Kwid 4. Datsun Go 5. Maruti Suzuki Swift Link - https://www.google.com/amp/s/gomechanic.in/blog/10-worst-rated-indian-cars-by-global-ncap/%3famp
  4. Toyota is reportedly developing a new, entry-level crossover to slot into its line-up beneath the C-HR. New SUV is set to be revealed in the second half of this year. It’ll be the second vehicle to use the Yaris’s TNGA-B architecture, which differs from larger TNGA-C-based cars like the Corolla in using a simpler, torsion-beam rear suspension. The SUV is expected to measure around four meters long, around the same length as a Hyundai Venue. For comparison, the new Yaris measures 3940mm and the C-HR is 4360mm long. Other small SUVs like the Mazda CX-3 and Nissan Juke are just over 4200mm long. Toyota sees a spot in its range for an SUV both smaller and cheaper than the C-HR. “SUV segments in general are all continuing to grow,” Toyota’s European executive vice president Matt Harrison told Auto Express. “C-HR is playing in the very top end of what could almost be a sort of coupe-crossover C-segment SUV. It doesn’t really compete with other products like Qashqai or more practical offerings.” Some of the SUV’s extra length over the Yaris may be in the wheelbase, allowing for a more spacious cabin. The new model will also be around 40mm taller than the Yaris, affording it the coveted higher seating position of an SUV. Expect the SUV to share powertrains with the 2020 Yaris instead of the C-HR. That means a naturally-aspirated 1.5-litre three-cylinder engine mated to either a continuously variable transmission (CVT) or a six-speed manual transmission. https://www.caradvice.com.au/818601/toyota-readying-yaris-based-suv/
  5. Pony.ai, a self-driving startup based in Silicon Valley & Guangzhou, China, is deepening its ties to Toyota. The two companies announced a pilot program to test self-driving cars on public roads in two Chinese cities, Beijing and Shanghai. The Japanese auto giant plans to invest $400 million in Pony.ai, valuing the startup at $3 billion. Pony.ai has been working with Toyota since 2019 on public autonomous vehicle testing. With this new investment, their relationship will become even closer, with the automaker and the startup “co-developing” mobility products like “mobility services.” Pony.ai has been testing robot taxis in Beijing and Guangzhou since late 2018 as well as in Fremont and Irvine, California. The startup claims to be the first company to launch an autonomous ride-hailing operation and offer self-driving car rides to the general public in China. Toyota, the world’s largest automaker, has largely kept quiet on its self-driving car program. The Japanese company has released some information about its test vehicles and the types of sensors it’s using, but we’ve seen very little of the cars in operation. Toyota plans to offer a limited ride-hailing pilot in downtown Tokyo during the 2020 Summer Olympics. https://www.theverge.com/2020/2/25/21152817/toyota-pony-ai-self-driving-car-investment-valuation-china-silicon-valley
  6. Created in 1828, Bureau Veritas is a global leader in Testing, Inspection and Certification (TIC). Address - No. 34, Sanchi Arachchi Garden, St' Sebastian Hill COLOMBO 12 Telephone: + 94 11 4734325 Link - https://www.bureauveritas.com/worldWideLocationResultsForm?countryName=SRI%20LANKA&url=http://www.bureauveritas.co.in/home/worldwide-locations/south+asia+region/Sri+Lanka/
  7. SKODA to enter Sri Lankan market After 17 years, ŠKODA is returning to Sri Lanka: In May 2020, ŠKODA is going to open a central showroom and sales location in Colombo, the capital of the island state located off the southern point of India. ŠKODA AUTO will be collaborating with IWS Automobiles (Pvt) Ltd as an importer and trading partner. ŠKODA’s initial line-up will include four model series: the small car FABIA, the mid-class SUPERB, the large SUV KODIAQ and the compact SUV KAROQ. The brand’s bestseller, the OCTAVIA, will expand the range of models later this year. By utilising the existing synergies in the INDIA 2.0 project, ŠKODA could also offer models in Sri Lanka that will be developed under the upcoming model campaign in the Indian market. Customers can order the first vehicles from the beginning of March 2020, and the first deliveries will be made when the new showroom opens in May. Consistently internationalizing the company and opening up new markets are central pillars of Strategy 2025, with which ŠKODA AUTO has set the course for sustainable, long-term growth. The strategy also encompasses the central topics of electro-mobility and digitization and creates the prerequisites for transforming ŠKODA AUTO from an automobile manufacturer into a ‘Simply Clever Company for the best mobility solutions’. https://www.automobilsport.com/cars-tuning--37,204109,SKODA-AUTO-soon-to-enter-Sri-Lankan-market,news.htm
  8. Ridiculous pricing will ensure they don’t sell, very disappointed with the launch of this car…
  9. I don't think they'll move half of their sales target, since the vehicle priced at Rs.3,050,000/ onwards.. “Console mounted joystick gear lever for stress free gear change with gear shift alerts” So it’s manual transmission…
  10. Toyota Yaris (Vitz) to replace Prius c (Aqua) The Toyota Yaris hatch will be available with hybrid power for the first time when it arrives and it will consume less fuel than any other Toyota model. Toyota announced the first Yaris hybrid will consume just 3.3L/100km, which is less than the Prius (3.4L/100km) and also less than the Prius c hybrid (3.9L/100km), which will be axed by the time the new Yaris arrives. https://www.motoring.com.au/new-toyota-yaris-to-replace-prius-c-122547/
  11. It will be better if vehicle duty is calculated on the cubic capacity (CC) of the engine, be it petrol, diesel or hybrid, this system will be acceptable to all segments of the industry, including the customer.
  12. The government has been told to rethink the current tax duty structure on vehicle imports and Luxury Tax, as they have effectively put a lid on vehicle imports in excess of 1,600cc engine capacity. According to the latest vehicle registrations data analysed by JB Securities, a Colombo-based equities brokerage and a research house, only one new car and four pre-owned cars have been registered with engine capacity in excess of 1,600cc in December. “Taxes on cars are via an excise duty based on the engine capacity and a Luxury Tax of 60 percent above the value of Rs.4.0 million—an illustration of the need for a rethink of the current policy,” JB Securities Managing Director Murtaza Jafferjee stated in a note. Last October, the then government revised the Luxury Tax formula on vehicles by resorting to calculate the tax based on the manufacturing cost or the cost, insurance and freight (CIF) value of a vehicle, instead of the previous used method based on the engine capacity. The new tax move was expected to generate revenue of Rs.48 billion. The revised tax is applied on vehicles registered on or after November 1, 2019. The Luxury Tax on vehicles registered before November 1, 2019, was based on their engine capacity. Accordingly, pre-November 1, the Luxury Tax was applicable on only three categories of vehicles—petrol vehicles with cylinder capacity more than 1,800cc, diesel vehicles with cylinder capacity of more than 2300cc and electric vehicles with more than 200kw power. But after November 1, the Luxury Tax became applicable on all petrol and diesel vehicles with a CIF value exceeding Rs.3.5 million. A tax rate of 120 percent is applicable on the amount exceeding the luxury free threshold i.e. Rs.3.5 million. The Luxury Tax applicable on hybrid petrol vehicles exceeding the CIF value of Rs.4 million is 80 percent and on hybrid diesel vehicles exceeding the CIF value of Rs.4 million is 90 percent. On electric vehicles with a CIF value exceeding Rs.6 million, a 60 percent Luxury Tax is charged. At the time the amendment was brought in, the vehicle importers opposed to the move, saying it would hit their sales dearly. http://www.dailymirror.lk/business__main/Govt-urged-to-rethink-duty-structure-on-vehicle-imports/245-182039
  13. Toyota Raize Brochure Link - https://toyota.jp/pages/contents/request/webcatalog/raize/raize_main_201911.pdf
  14. If fuel economy remain your priority, then Suzuki Wagon R will be suitable car for you. Get the top spec version.
  15. The tax will no longer be charged on the engine size for vehicles below the capacity of 1,800cc, for petrol, 2,300cc for diesel and a 200 kiloWatt motor will not apply from November 01.
  16. Sri Lanka will charge a so-called luxury tax from high value cars and SUVs for which import letter of credit was opened after March 05, 2019 and the basis of engine capacity to charge taxes has been removed, the finance minister said. The luxury tax will be applicable to petrol and diesel cars and jeeps valued (CIF) over 3.5 million rupees, hybrids over 4.0 million rupees and electric vehicles over 6.0 million rupees. The tax will no longer be charged on the engine size for vehicles below the capacity of 1,800cc, for petrol, 2,300cc for diesel and a 200 kiloWatt motor will not apply from November 01. But letters of credit opened up to October 31 and imports cleared before April 21, 2020 will still not be charged the luxury tax. The finance ministry said cars like Toyota Vitz, Suzuki Every, Toyota Roomy, Suzuki Alto, Suzuki Baleno, Daihatsu Petrol, Honda Grace, Suzuki Wagon R, Toyota Aqua will not be subject to the luxury tax. Sedans like Toyoa Axio, Premio and Allion will also not attract the luxury tax, the finance ministry said. https://economynext.com/sri-lanka-luxury-tax-for-high-value-cars-engine-capacity-base-removed-29920/
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