Thursday, January 17, 2008

How much would the Nano cost us?

That's the car, not the iPod. For the uninitiated, the Indian motor company Tata recently unveiled the "Nano" the world's cheapest car priced at a low-low figure of Rs.100,000 (INR). (That works out to about $2,500 and Rs.275,000 LKR).

This is great news of course both for Tata and the hundreds of thousands of Indians who would now be able to afford an automobile. I don't find the car overly 'saxy' as some Indians do, but it looks all right and I'm sure there are many people who'd like to have one.

The enthusiasm for the Nano is not shared by the elitist greens however, for the adherents of the Church-of-Gore it's some sort of a carbon-crime machine. never mind the fact that that the Nano surpasses not only Indian regulatory standards but also the strict European emission standards.

Personally I don't know if I'd want the Nano for myself, but it could be an awesome little Taxi Car. small size, fuel efficiency with the possibility 4 or 5 passengers should be perfect for running a little taxi business. I can totally see that happening.

The question is how much would it cost to import one? It's a question I asked from a few vehicle importers, they don't really know yet. The Sri Lankan import duties on vehicles are insane ranging up to 300% of the initial value. The importers think it might go into about at least Rs.500,000 with the relative low taxes for allowed for Indian vehicles.

There goes cheap-taxis I can't believe the tolerance level of Sri Lankans when it comes to import duties, what's the logic anyway? the government is protecting the Micro guy? I'd think cheaper vehicles for the countries citizens might have been more important than the Micro-Car's bank balance, apparently not.

It's some how justifiable that Sri Lankans pay multiple times as taxes for the same vehicle as the Americans do. Insane is an understatement.

1 comment:

Lakmal said...

Good news. I think you don't need to pay 300% import tax for Indian vehicles because, our government and Indian government have some import/export agreement with low tax rates. That's why Ashok Layland & TATA buses are much cheaper than Japanese buses in Sri Lankan vehicle market. If you check the selling price of a Japanese bus & Indian bus at their local market it's nearly the same .