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Jul 31, 2018

Sri Lanka vehicle population grew by 7% in 2017

Sri Lanka’s motor vehicle population grew by 7 percent to 7.2 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.

(lankabusinessonline.com)

Except for the headline, this story, originally published by lankabusinessonline.com has not been edited by SLM staff)

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