Sri Lanka vehicle population grew by 7-pct in 2017; import expenditure up 5-pct

July 31, 2018 (LBO) – Sri Lanka’s motor vehicle population grew by 7 percent to 7.
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2 million in last year with import expenditure on motor vehicles also showing 5 percent growth, the annual report on the country’s motor vehicle market published by the Ceylon Chamber showed. According to the report, the year 2017 saw a rise in import expenditure despite a fall in import volume by 11 percent with yearly new registrations also declining by 9 percent. The report prepared by the Economic Intelligence Unit of the Ceylon Chamber of Commerce provides a detailed statistical analysis and industry overview of Sri Lanka's Motor Vehicle Market. It features the latest information on registration; vehicle population; imports of vehicles by vehicle category, top brands imported under each vehicle category and overview on the global motor vehicle market and global electric vehicle market. To purchase a copy of the report, contact Research Analyst, Economic Intelligence Unit of the Ceylon Chamber of Commerce.