Toyota Lanka has announced its expected prices for imported vehicles, anticipating the potential lifting of vehicle import restrictions in the near future. However, the company cautions that these prices are based on the current tax structure and exchange rates and are subject to change once the government introduces a new tax framework.
The company explained that while they have projected initial pricing for the local market, vehicle prices will be directly influenced by any adjustments in import taxes and fluctuations in foreign exchange rates.
“As the government is expected to revise the tax policies related to vehicle imports, the final prices of vehicles may differ from what has been announced,” a spokesperson from Toyota Lanka stated.
Toyota Lanka, along with other automobile importers, is closely monitoring government policies and economic conditions to assess the future of vehicle imports. The company expressed optimism about resuming imports once restrictions are lifted, but emphasized that prospective buyers should remain aware of possible price changes driven by tax reforms and currency depreciation.
The vehicle market in Sri Lanka has been heavily impacted by import restrictions imposed in recent years, leading to a surge in demand for used vehicles and a significant increase in prices. The anticipated changes in taxes and exchange rates are expected to shape the future landscape of the automobile industry in the country.
