CMTA warns of further Rs. 40 billion revenue leakage in 2026, calls for urgent removal of 15% depreciation

The Ceylon Motor Traders’ Association (CMTA), the senior-most automotive association in Sri Lanka affiliated with the Ceylon Chamber of Commerce, has issued an urgent appeal to the government to abolish the 15% depreciation currently granted on used vehicle imports, warning that the concession is causing massive revenue leakages at a time when the country can…

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CMTA appoints Andrew Perera as Chairman at 105th AGM

The Ceylon Motor Traders’ Association (CMTA), one of South Asia’s oldest automotive associations, recently hosted its 105th Annual General Meeting (AGM), at Hilton Residencies, Colombo. The event, which was attended by distinguished stakeholders from across the automative industry, and Chief Guest and Keynote Speaker, Mr. Bingumal Thewarathanthri, Vice Chairman of the Ceylon Chamber of Commerce. …

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CMTA and SIAM Engage in insightful discussions on the automotive industry

The Ceylon Motor Traders’ Association (CMTA), established in 1919 and an affiliate of the Ceylon Chamber of Commerce, recently hosted the visiting delegation from the Society of Indian Automobile Manufacturers (SIAM) to an evening of insightful discussions and fellowship at the Union Ballroom at the Hilton Colombo Residencies. The event, which was attended by esteemed…

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