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Vehicles registration on the rise

Feb 15, 2011 4:31:35 AM - itnnews.lk

The registration of vehicles in the country is steadily increasing.

359,273 vehicles had been registered in 2010. It shows an increase of 155,068 vehicles in comparison with 2009. This increase is attributed to the reduction in Custom and Import taxes by 50 percent. The increase in the demand for vehicles in the Northern and Eastern Provinces has also contributed to this development. The demand for motorcycles has also increased. The Department of Motor Traffic said the number of motorcycles that are being registered monthly is around 30,000.