Sri Lanka, Dec. 27 -- The President of the Vehicle Importers' Association of Sri Lanka (VIASL), Prasad Manage, stated that the government should prioritize reducing the prices of small vehicles commonly used by the general public.

He specifically called on the government to revise the pricing and tax structure applicable to low engine-capacity vehicles in order to improve affordability.

Commenting on the current tax regime, Manage said that the association is seeking tax reductions for vehicles in the 1,000cc category, including models such as the Alto, Wagon R, Yaris, and Hustler, which are typically purchased by middle-income consumers.

He noted that a Wagon R currently attracts taxes amounting to around Rs. 4 million, despite being ...