Sri Lanka does a Maldives, raises excise on Indian vehicles by 73%

[for truth]

I could post some sub Saharan states comparatives .....so save it.

that's it, that's what you are best at, that's the only thing you can do right.

 

[KRAIT]

Sri Lanka is already assembling Chinese car models, also exports.

Hey buddy, one of my friend is in Srilanka and told me about Indian investment/work in Srilanka Railways. Can you post some info about that too ? May be a separate thread if it is in detail. Hope there will be thread on discussion on Indian investment in Srilanks in all areas.

He also told me that Indian motorbikes which are quite expensive there but are having decent sales especially Hero Motor Corp.

 

[Skyline]

1 INR =2.4 SLR.....anyway i thought the same...their 18 lacs means almost 7.5 lacs in INR....and here in India maruti800 price is just 2 lacs........

lol then all our 3-wheeler taxi drivers will own Maruti cars. (tuk tuk is around 4.5 lakhs rupees)

Sri Lankan prices....

Toyota Axio - around 5.5 Million Rupees
Toyota vitz - around 4.1 Million Rupees
Toyota premio - around 7 Million
Toyota Rav 4 - around 8.6 Million Rupees
Nissan Xtrail - 13.5 Million Rupees

Just a min I'll check Indian car prices.

 

[MilSpec]

This is Indian writer I guess.
who reduced tax on luxury cars?

comprehension? I meant its easy for luxury car market to absorb taxes compared to economy class cars, motorcycles and commercial vehicles.

If sri lanka is trying to take on Indian business, they are more than welcome to.

 

[kaykay]

Last year India imported vehicals worth USD 800 million to 'Sri Lanka'.......so I would say that not a big impact to Indian ccompanies...it's just 'hati ke muh me jeera'.

 

[KRAIT]

lol then all our 3-wheeler taxi drivers will own Maruti cars. (tuk tuk is around 4.5 lakhs rupees)

Of course they can, but its not about buying the car, its about cost of maintenance and mileage these car offers which I think won't be economically beneficial for 3 wheeler taxi drivers of Srilanka.

 

[HeinzG]

So there is a tax exemption for second hand cars.. Am I correct??

But this will destroy your vehicle industry..

No Sri Lanka don't allow importing second hand vehicles. Only refurbished ones with service life not exceeding 3 years. Even they are taxed just like brand new vehicles.

Hey buddy, one of my friend is in Srilanka and told me about Indian investment/work in Srilanka Railways. Can you post some info about that too ? May be a separate thread if it is in detail. Hope there will be thread on discussion on Indian investment in Srilanks in all areas.

He also told me that Indian motorbikes which are quite expensive but are having decent sales especially Hero Motor Corp.

Great Idea.

 

[Skull and Bones]

Last year India imported vehicals worth USD 800 million to 'Sri Lanka'.......so I would say that not a big impact to Indian ccompanies...it's just 'hati ke muh me jeera'.

In business, every penny matters. Hopefully India will set up assembly plant in Sri Lanka to utilize the situation better.

 

[Windjammer]

that's it, that's what you are best at, that's the only thing you can do right.

Bangladesh tells India and you drag in Pakistan.....Obsession much but then that must be your speciality.

 

[Iggy]

No Sri Lanka don't allow importing second hand vehicles. Only refurbished ones with service life not exceeding 3 years. Even they are taxed just like brand new vehicles.

Can any one tell me whats the benefit in this?? Are they doing this to curb the oil import on the country?? Or is there any other economic benefits??

 

[Skull and Bones]

Bangladesh tells India and you drag in Pakistan.....Obsession much but then that must be your speciality.

And what's Bangladesh doing in a Indo-Sri Lanka thread? Pole Vaulting?

 

[kaykay]

lol then all our 3-wheeler taxi drivers will own Maruti cars. (tuk tuk is around 4.5 lakhs rupees)

do sri lanka manufacture 'tuk tuk'??....or it is imported from India too....because price is just so high....here in India same tuk-tuk can be bought in just 1 lakh rupee.....

 

[HeinzG]

Can any one tell me whats the benefit in this?? Are they doing this to curb the oil import on the country?? Or is there any other economic benefits??

Oil is one aspect but the officials says this is done to reduce the old vehicle import into the country and reduce traffic.

 

[for truth]

Hey buddy, one of my friend is in Srilanka and told me about Indian investment/work in Srilanka Railways. Can you post some info about that too ? May be a separate thread if it is in detail. Hope there will be thread on discussion on Indian investment in Srilanks in all areas.

He also told me that Indian motorbikes which are quite expensive there but are having decent sales especially Hero Motor Corp.

Sri Lanka to be home to exclusive auto SEZ for Indian companies


Investments and Development Cooperation between India and Sri Lanka

"India is also active in a number of areas of development cooperation. In the recent past three lines of credit were extended: US$ 100 million for capital goods, consumer durables, consultancy services and food items, US$ 31 million for supply of 300,000 MT of wheat and US$ 150 million for purchase of petroleum products. All these lines of credit have been fully utilized. Another line of credit of over US$ 100 million has been made available for first phase of the rehabilitation of the Colombo-Matara railway, damaged by the Tsunami. Another line of credit of US$ 67.4 million has been approved for the second phase of this project in November 2009. The project involves track laying, training, construction of maintenance sheds and supply of rolling stocks. Another line of credit of US$ 100 million for various purposes is under utilization at present. Sri Lanka would, therefore, seem to be recipient of a large proportion of our overall concessional line of credit offered internationally.



In addition, India is also considering a line of credit package to undertake various reconstruction projects in the Northern Province. We have already received a request from Sri Lanka for a Line of Credit for renovation of the Northern Railway lines and the proposal is under active consideration."

"In the Eastern Province, India has implemented a project to grant 10 buses to the Eastern Provincial Administration. Another lot of 10 more buses for educational and social institutions in the Eastern province is also under consideration. An innovative project to supply 10 buses for conversion into 5 rail-buses by the Sri Lankan Railways is also under implementation. These rail-buses are a low cost option to connect Trincomalee and Batticaloa and also to help both cities connect better with Colombo. The first rail-bus was flagged off at Batticaloa on 29 July 2009 by the High Commissioner of India and the Sri Lankan Minister of Transport. Based on the positive experience of assisting GoSL with establishment of 20 nenasalas in 2007, we have implemented another project to establish 20 nenasalas in the Eastern province. A project to assist with the setting up of a teaching facility in AYUSH in Eastern University at Trincomalee is under implementation. Projects for providing fishing equipment to cooperatives in the East and to supply of computers to educational institutions in Eastern Province are under consideration. In addition, a pilot project for creating gainful employment for women who were widowed during the years of conflict and to establish vocational training centres in Trincomalee and Batticaloa is also under consideration."

 

[kobiraaz]

'Garbage junk'? Why are uneducated silly lemmings allowed to post on this website? For your info:

The automotive industry in India is one of the largest in the world and one of the fastest growing globally. India's passenger car and commercial vehicle manufacturing industry is the sixth largest in the world, with an annual production of more than 3.9 million units in 2011.

India overtook Brazil and became the sixth largest passenger vehicle producer in the world (beating such old and new auto makers as Belgium, United Kingdom, Italy, Canada, Mexico, Russia, Spain, France, Brazil), growing 16 to 18 per cent to sell around three million units in the course of 2011-12.

Srilanka can go buy from Timbuktu for all we care. Too small a market, you guys don't even count in the scheme of things.

wow. Great. congratulations. Could you please tell me which countries buy those car? Any list?