Sri Lanka, Oct. 20 -- The prices of imported vehicles in Sri Lanka have dropped by up to Rs. 1.5 million, following a reduction in vehicle prices in Japan, Vehicle Importers Association of Lanka (VIAL) President Indika Sampath Merinchige said.

Merinchige told the media that unauthorized vehicle imports had caused a backlog of unregistered vehicles in the local market, affecting sales.

According to Central Bank data, USD 705 million was spent on importing personal vehicles between January and August 2025.

"Among the price changes, an unregistered Honda Vezel Z Play 2025 SUV now sells for Rs. 23.5 million, down from Rs. 25.5 million. A Toyota Yaris has dropped to Rs. 10.5 million from Rs. 11.5 million, while the Suzuki Alto Hybrid is now...