Sri Lanka has raised annual taxes on ‘luxury’ cars by around 50% in the 2012 budget to increase revenue of the government coffers. The Motor Traffic Department has earned Rs.717 million from annual ...

A move to increase tax revenues, but risks undermining domestic production that had experienced a period of strong expansion. The association that brings together operators expresses great ...

BMW i7 price for the base model starts at ₹ 2.32 crore and the top model price goes upto ₹ 2.86 crore (on-road Lanka).The BMW i7 on road price in Lanka for Electric engine ranges between ₹ 2 ...