Friday, 31 May 2024 09:59

Sri Lanka sets off to become global automobile manufacturing hub Featured

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Sri Lanka›s automobile assembly is experiencing significant growth and development with the involvement of world-renowned brands including Hyundai, Proton, BAIC, DFSK, Wuling, Mahindra, TATA, Bajaj, TVS, JMC and Lanka Ashok Leyland emphasizing the favourable environment for investment.

The approval to assemble a wide range of vehicles including SUVs, Cars, Two-Wheelers, Double-cabs, Trucks and Buses has paved the way for a diversified automobile assembly industry in the country catering to various consumer needs.

Nwow electric bikes, KD Rize, Dyno and Senaro are also involved in the local assembly of motorcycles.

Over four assemblers including JAC and FOTON will be starting assembly in Sri Lanka and by the end of the year over 30 assemblers will be in operation in the local automobile assembly industry.

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