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  4. > Sri Lanka Autos Report Q1 2016

Sri Lanka Autos Report Q1 2016

  • December 2015
  • -
  • Business Monitor International
  • -
  • 35 pages

Includes 3 FREE quarterly updates

We believe a combination of new import restrictions and higher car taxes will lead to a slowing in growthwithin Sri Lanka's new vehicle sales market over 2016 from the elevated levels seen in 2015. However,given strong domestic demand and the likelihood of further interest rate cuts, we believe the market can stillshow good growth of 31.7%, with passenger cars outperforming commercial vehicles.

- For 2016, we are anticipating a slowdown in the stellar growth seen in Sri Lankan auto sales over 2015.
- The government is looking to slow the rate of new car sales growth via a raft of newly-introducedchanges to import regulations and taxes.
- For now, BMI is maintaining its current sales forecasts as it looks to examine the impact of these newmeasures over the coming months.
- Higher taxes could also undermine the near-term sales outlook for electric cars and hybrids.
- In what could prove a transformative step for Sri Lankan auto production, it was reported in August 2015that German carmaker Volkswagen (VW) had signed an agreement with Sri Lanka's Board of Investmentto build an assembly plant on a 30 acre site near the town of Kuliyapitiya.
- BMI believes that VW could soon be joined by other foreign carmakers in establishing local productionfacilities within Sri Lanka, especially if demand for cars remains strong.
- Maruti Suzuki is currently one of the leading brands in Sri Lanka, producing the top-selling Alto model.
• BMI would expect Maruti Suzuki's dominance of the Sri Lankan new car sales market to endure in 2016.This bodes well for a continued strong performance by local distribution partner Associated Motorways(AMW).

Table Of Contents

Sri Lanka Autos Report Q1 2016
BMI Industry View 7
Key Views 7
SWOT 9
Industry Forecast 11
Table: Autos Total Market - Historical Data And Forecasts (Sri Lanka 2013-2019) 11
Latest Developments 11
Tax Increases Undermine Near-Term Sales Outlook for Hybrids and EVs 13
Production To Be Boosted By Volkswagen 14
Passenger Cars 15
Table: Passenger Car Market - Historical Data And Forecasts (Sri Lanka 2013-2019) 15
Latest Developments 15
Commercial Vehicles 15
Table: Commercial Vehicle Market - Historical Data And Forecasts (Sri Lanka 2013-2019) 15
Latest Developments 16
Motorcycles 17
Table: Motorcycle Market - Historical Data And Forecasts (Sri Lanka 2013-2019) 17
Latest Developments 17
Industry Risk Reward Ratings 19
Asia - Risk/Reward Index 19
Company Profile 22
Toyota Lanka 22
Associated Motorways 23
Regional Overview 24
Asia Overview 24
Table: Asia Autos Production Investment 24
India Regains Momentum 25
EVs Still Central For China 25
Demographic Forecast 27
Demographic Outlook 27
Table: Population Headline Indicators (Sri Lanka 1990-2025) 28
Table: Key Population Ratios (Sri Lanka 1990-2025) 28
Table: Urban/Rural Population and Life Expectancy (Sri Lanka 1990-2025) 29
Table: Population By Age Group (Sri Lanka 1990-2025) 29
Table: Population By Age Group % (Sri Lanka 1990-2025) 30
Methodology 32
Industry Forecasts 32
Sector-Specific Methodology 33
Sources 33
Risk/Reward Index Methodology 34
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators 35

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