Sri Lanka to Lift Vehicle Import Ban by February 2025
Sri Lanka has announced a phased plan to lift the ban on vehicle imports, with full implementation expected by February 2025. In the first phase, beginning October 1, the importation…
September 2024
Revolt Motors Expands Internationally, Launches Operations in Sri Lanka
Revolt Motors has officially entered the Sri Lankan market, introducing its electric motorcycles in partnership with Evolution Auto. After receiving a positive reception at the Colombo EV Expo, Revolt Motors…
Volkswagen Factory Set to Launch in Sri Lanka
South Asia’s largest car assembly plant, the Volkswagen factory, is set to be inaugurated by President Ranil Wickremesinghe, according to UNP Deputy Leader and Senior Advisor to the President, Akila…
Will import vehicles for less than 80% of existing market rates: Roshan Ranasinghe
Colombo, September 6 (Daily Mirror) – Parliamentarian Roshan Ranasinghe today announced a new vehicle import policy and said that he can import vehicles at prices up to 80 percent lower…
Colombo district land prices increase 6.9% YoY
The Land Valuation Indicator (LVI) for Colombo District increased by 6.9 percent year-on-year in the first half of 2024, fueled by growth in all sub-indicators—Residential, Commercial, and Industrial. Both the…