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Thursday, 15 November 2012 - 12:42
Sri Lanka truck, small car prices up after budget
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Prices of small cars may go up by 200,000 and trucks by about 400,000, and three wheelers by about 25,000 following tax changes announced in the budget.

Ceylon Motor Traders' Association Tilak Gunasekera said the price of truck may go up by about 400,000 depending on the weight head of.

Trucks had a 7 percent port and airport levy and nation building tax.

The budget had imposed a 15 percent excise duty raising taxes to 22 percent.

Compared to trucks however, cars are taxed at a much higher rate.

Some of the cheapest small cars in the market include an Indian made Maruti and the Tata Nano.

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