prices may go up
By Srian Obeyesekere
There is a possibility of prices of motor vehicles
further escalating if the Japanese yen went up in
the wake of the recent Japan tsunami, according to
They warned that Sri Lanka should also guard against
the possibility of radiation contaminated vehicles
and spare parts coming into the country.
“There is a possibility of the Japanese yen which
is high to the rupee at Rs. 1.38 at the moment going
up further following the tsunami disaster. That is
if the Japanese yen gets very strong. This could
cause prices of motor vehicles to go up,” the
Chairman of United Motor Limited, Chanaka Yatawara
told The Nation yesterday.
He further cautioned that there was every
possibility of radiation contaminated vehicles and
spare parts ending up in Sri Lanka against which the
authorities needed to be guarded.
“Every precaution should be taken,” he warned.
Yatawara also said that certain companies in the
North East of Japan where the tsunami had hit had
suffered a slight logistical setback where workers
and travel had been affected. But by now that had
returned to normal without hampering exports to Sri
The Chairman of United Motors Plc, Ranjith
Fernando also agreed that there is a possibility of
radiation affected vehicles and parts entering the
“That possibility is there although the Japanese
authorities usually have strict export criteria. But
there is a danger because usually Sri Lankan dealers
themselves make the shipments from that end,” he
Annually, approximately 5,000 brand new Japanese
vehicles are imported. .
Meanwhile, fears as to whether a ban would be
slapped down on vehicle and food imports from Japan
were quelled by the Colombo Ports Authority.
Shipments were coming as usual and the tightest
deterrent measures taken against radium contaminated
products, according to the Managing Director of the
Ports Authority, Capt. Nihal Keppitipola.
“Shipments are coming as usual and each and every
container is checked for radiation using a tester
called the portal which can detect any type of
contamination,” Capt. Mendis told The Nation