Thursday, 13 August 2020 15:38

CMTA stresses the need of a clear direction on date of ending vehicle import suspension

The Ceylon Motor Traders Association (CMTA), urged the Government to provide a clear direction on the period of the vehicle import suspension and emphasized the need to regulate automotive imports to legitimate importers that have been vetted by the Government.

Yasendra Amerasinghe, Chairman of the CMTA stated, “First and foremost, we appreciate the Government’s leadership and initiatives taken to control the spread of COVID-19 in Sri Lanka..

However, the vehicle import ban has adversely impacted thousands of Sri Lankans and it is the responsibility of the Government to communicate clearly to us as to when it will be lifted so that businesses and citizens can plan ahead.”

The CMTA consists of all the franchise holders of global automotive brands that import and market cars, commercial vehicles, 2-wheelers and 3-wheelers,as well as tyres and lubricants, with substantial investments into island-wide infrastructure to provide direct & indirect employment to over 20,000 individuals across the island.

The association reiterates that the complete suspension of all vehicle imports has caused great hardship to the entire industry.

It requests the Government to provide a firm timeline on when it plans to recommence imports and if the expected date is several months into the future, requests the Government to provide support to the industry so that it can sustain its employees and overheads as importers will soon have no stocks and no vehicle sales income.

While the CMTA understands the challenges faced to the country’s economy and foreign reserves, and its members have accepted their share of the burden and are trying their best to minimize salary reductions and/or job cuts so far, the member companies and their dealers will have no option but to take drastic actions to survive as there is no clear direction to plan otherwise.

(LIN)

Latest Business News

Image
There are 31882 listings and 982 categories in our website