Budget 2022 : What will happen to Vehicle prices ? VIAL responds

Budget 2022 : What will happen to Vehicle prices ? VIAL responds
By admin / 18 May, 2022

Vehicle Importers' Association of Sri Lanka (VIAL) has warned that prices of reconditioned vehicles will increase in the coming weeks. VIAL President Indika Sampath Merenchige said that vehicle importers were looking for a lifeline from the 2022 Budget, but it had not added any value in their favour. The prices of vehicles would be decided on supply and demand and that they do not know about the economic situation of the public.

The Maruti Suzuki Wagon R price in 2018 was around Rs. 3.5 million but recently the market price was Rs. 6 million. Jeep models were at a price range of Rs. 15 million to Rs. 20 million and all non-popular vehicle prices increased by 25%,” he revealed.

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