Sri Lanka, Feb. 14 -- A sharp increase in demand within the local vehicle market is currently being observed due to rising auction prices in Japan, according to the Vehicle Importers Association of Sri Lanka (VIASL).Car dealership

Association Secretary Usman Ali states that prices for popular mid-range vehicles with engine capacities between 1,000 cc and 1,500 cc have climbed driven by intense demand.

Models such as the Honda Vezel and Toyota Raize are specifically identified as seeing high interest from buyers.

The government has decided to apply the Social Security Contribution Levy (SSCL) to vehicle imports, effective from April 1, 2026.

The Secretary predicts that this measure will result in a total customs duty increase of appro...