Sri Lankas motor vehicle population grew to 72 million In 2017

Sri Lanka’s motor vehicle population grew by 7% to 7.2 million In 2017.This was noted in the latest edition of the annual report on the country’s motor vehicle market published by the Ceylon Chamber of Commerce. The year 2017 saw a rise in import expenditure (5%) despite a fall in import volume (11%) with yearly new registrations declining by 9%. 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, featuring 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. (Colombo Gazette)