For car dealers serving the Sri Lankan market, government policy stability is critical. Nichibo informs our dealers of  key market updates such as Sri Lanka vehicle import policy, that impact vehicle buying decisions. Today’s update covers the Sri Lankan President’s latest assurance on vehicle imports.

Sri Lanka’s President Anura Kumara Dissanayake has given a clear assurance that vehicle imports will continue without disruption, quelling weeks of speculation about potential policy changes. Speaking at the 26th anniversary celebration of the Chamber of Young Lankan Entrepreneurs (COYLE) in Colombo, he dismissed rumours of an impending halt to imports or the introduction of additional taxes.

“There’s no truth to the rumours that vehicle imports will be stopped,” the President told attendees. “If you can’t buy one this year, you can buy one next year, nothing will change.” He emphasized that his administration’s liberalization of imports, effective 1 February 2025, was part of a long-term strategy that would not be reversed.

The reopening of the market followed a five-year suspension of private vehicle imports. It was formalized through an Extraordinary Gazette Notification, restoring access to new and used private cars, commercial vehicles, public transport units, and special-purpose vehicles.

The President confirmed that the government expects annual imports to exceed US $1 billion, reflecting strong demand and market recovery. He also noted that imports will be phased in to prevent pressure on foreign exchange reserves and to support economic stability

This stability is a significant boost to importer confidence. With clear policy direction and phased implementation, Sri Lanka’s automotive sector can focus on meeting pent-up demand after years of restrictions.

At Nichibo, we monitor these developments, such as Sri Lanka vehicle import policy, so our customers can act quickly and strategically. With vehicle imports confirmed to remain open, this is the time to select and secure stock at Japan’s auctions, knowing you can plan shipments without worry. Our role is to help you buy with confidence, respond to market opportunities, and maintain the margins your business depends on.