Sri Lanka, Feb. 1 -- The Chairman of the Vehicle Importers' Association of Sri Lanka (VIASL), Indika Sampath Merenchige, has highlighted that the main reason for the rise in the price of Japanese vehicles is the government's decision to allow the importation of vehicles that are 2 years old instead of the previous limit of 5 to 7 years from the year of manufacture.

Speaking about the government's decision to remove import restrictions starting today (01), Merenchige expressed his concerns, stating that this move would make it impossible for an ordinary citizen to purchase a vehicle for less than Rs. 10 million.

He further emphasized that if the government had maintained the 5-year limit, vehicles would have been priced between Rs. 6 mil...