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Code of ethics for Sri Lankan car importers

Aug 29, 2015 07:00 AM GMT+0530 | 1 Comment(s)

ECONOMYNEXT – Sri Lankan importers of new vehicles have introduced a code of conduct to prevent malpractices that could tarnish their reputation and ensure they have more credibility.

The code was launched at the 95th annual general meeting of the Ceylon Motor Traders’ Association representing franchise holders of foreign vehicle brands.

“We plan to extend the code of ethics launched today so that we gain and maintain respectability and credibility of our membership,” Gihan Pilapitiya, chairman of the CMTA, said. 

The move came following allegations against some importers especially of used cars of malpractices like under-invoicing.

Pilapitiya said that this year the CMTA aim to push the development of a policy paper for the automotive trade so it can be presented to policymakers.

“This will remove misunderstandings and will act as a guideline for the CMTA.”

The association also changed its rules adopting a clause that members can sell brand new vehicles only to which they hold the franchise.

Pilapitiya said importers of brand new vehicles will not be allowed to import, advertise and sell vehicles for which they don’t have the franchise.  (Colombo/August 29 2015)
 


 

1 Comments

  1. sacre-blieu August 29, 10:22 AM

    As usual with our politicians, there was no method to the madness when they reduce the import duty on vehicles merely , more for the sake of enhancing taxes to the government knowing that with the reduction of fuel prices , that there was bound to be chaos on the roads. Now, with the new fuel formula to be introduced, there is an expectation that there would be a further reduction of fuel prices, and as commented in certain media, we may have to walk over the roofs of vehicles to get to our destination. More pollution and wastage of energy, and precious time.

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