By unusuma.lk on (LK time)
President Anura Kumara Dissanayake, while participating in the Sirasa Battle program yesterday, expressed his intention to maintain a significant price gap between vehicles in the current market and imported vehicles when the vehicle market reopens in February.
He highlighted plans to gradually revise taxes based on market behavior, aiming to prevent undue pressure on the dollar in the initial month of reopening the vehicle market after many years.
The President also noted that a significant drop in prices within the current second-tier vehicle market could pose risks to financial institutions, including the banking sector.
Taking these factors into account, he assured that measures would be taken to reduce vehicle prices gradually, ensuring a balanced approach to market stability.
