Mahindra and Ideal Group vehicle assembly plant opens in Mathugama on Saturday

Views - 131 Thursday, 15 August 2019 00:05

By Darshana Abayasingha Diversified global conglomerate, Mahindra and Mahindra, in partnership with Ideal Group will inaugurate its vehicle assembly plant in Mathugama on Saturday (17). This is the first time a globally-acclaimed auto major is invest

Sri Lanka continues to shine at ‘Jaguar Land Rover Everyday Legend Global Technician of the Year’

Views - 20 Friday, 9 August 2019 00:00

SML Frontier Automotive, a member of the Access Group and sole agents for Jaguar Land Rover Sri Lanka, has won top honours at the ‘Jaguar Land Rover Everyday Legend Technician Awards 2019,’ held at the Jaguar Land Rover Training Academy Center in

Pan Asia Bank promotes ‘Budget+Leasing’

Views - 19 Friday, 9 August 2019 00:00

Leasing vehicles offer many benefits to consumers, the greatest being lesser costs, smaller down payments and lower monthly payments, which makes owning a dream vehicle easy on the pocket and stress-free. A market where many leasing service providers

Mahindra warns of job losses in auto sector, seeks government help

Views - 16 Friday, 9 August 2019 00:00

Mumbai/Bengaluru (Reuters): Indian automaker Mahindra and Mahindra Ltd. (M&M) said on Wednesday it saw a “huge danger” of job losses in the ailing domestic auto sector, as it sought government intervention, including tax reductions to revive dema

Ideal First Choice offers world-class services to multi-brand vehicles

Views - 51 Friday, 9 August 2019 00:00

Ideal First Choice, the latest venture by the Ideal Group of Companies, has entered into regional au-tomotive hubs in Sri Lanka to provide world-class after sales services for multi brand vehicle owners. The first workshop was launched in July 2018 i

HNB-Indra Traders team up for special offers on unregistered vehicles and Foton trucks

Views - 38 Friday, 9 August 2019 00:00

Sri Lanka’s leading private sector bank, HNB PLC teamed up with Indra Traders to offer exciting leasing packages for all unregistered vehicles and Foton trucks, made available by the local automobile giant. The agreement was finalised at HNB Tower

Volkswagen Beetle Owners’ Club to hold Beetle Pageant on 18 Aug

Views - 18 Thursday, 1 August 2019 00:00

The Volkswagen Beetle Owners’ Club formed in 1997 having a membership of over 250, has made arrangements to hold a Beetle Pageant 2019 on Sunday 18 August. The event will bring together a large array of Volkswagen Beetles to this unique display whi

India cuts tax rate on electric vehicles to boost uptake

Views - 19 Thursday, 1 August 2019 00:00

NEW DELHI (Reuters): India has slashed taxes on electric vehicles and chargers, as it looks to encourage the use of more environmentally friendly cars. The goods and services tax (GST) on electric vehicles and chargers was reduced to 5% from a previo

Tergo launches premium auto care centre in Pamankada

Views - 23 Thursday, 1 August 2019 00:00

A fully-owned subsidiary of Redline Capital, Tergo Auto Care opened its state-of-the-art auto care and vehicle detailing centre in Pamankada, Colombo 6 recently. The opening ceremony was attended by Nawaloka Holdings Director Harshith Dharmadasa. The

Land Rover breathes new life into older Defenders

Views - 16 Thursday, 1 August 2019 00:00

Land Rover Classic is introducing a range of upgrades for older Defender models which deliver enhanced performance and on-road agility inspired by the exclusive limited-edition Defender Works V8 – 70th Edition. The new Upgrade Kits, the first of th

Three steps to check ride with Uber

Views - 13 Friday, 26 July 2019 00:00

With the aim to strengthen the safety of its riders, Uber, the world’s largest on-demand ride-sharing company, has launched a public awareness campaign, Check Your Ride, to all riders across the six continents where Uber operates. Every time someo

Abans Auto opens Aprilia and Vespa flagship store in Panadura, Sri Lanka

Views - 25 Friday, 26 July 2019 00:00

Abans Auto, one of Sri Lanka’s leading scooter and motorcycle retailers, announced the opening of its brand new Vespa and Aprilia flagship store in Panadura, Kalutara District. The store was inaugurated by Piaggio Vehicles India Two-Wheeler Busines

DFCC Bank signs MOU with Senok Commercial Vehicles

Views - 28 Friday, 26 July 2019 00:00

DFCC Bank, a fully fledged, dynamic commercial and development bank in Sri Lanka, recently entered into an MOU with Senok Commercial Vehicles Ltd. on 2 July, for a period of six months. Graced by members of the senior management of both institutions,

Nissan quarterly net profit plunges, 12,500 job cuts planned

Views - 11 Friday, 26 July 2019 00:00

Yokohama, AFP: Crisis-hit Japanese automaker Nissan said Thursday it would cut 12,500 jobs and announced a plunge in quarterly net profit as it struggles with weak sales and the arrest of its former chief. The embattled firm has been buffeted by poo

HNB Leasing partners Carmart for special offers on Peugeot SUVs

Views - 25 Tuesday, 23 July 2019 00:00

HNB PLC partnered with Carmart Private Ltd., the sole authorised dealer for Peugeot vehicles in Sri Lanka, to offer customised leasing packages on Peugeot’s popular 3008 and 5008 SUV models, bundled with a slew of special incentives and benefits de

UMW expands specialised service capacity for BMW vehicles with Bavarian Auto Services acquisition

Views - 27 Tuesday, 23 July 2019 00:00

Sri Lanka’s leading multibrand workshop, Ultimate Motorworks Ltd. (UMW) announced a drastic expansion to its ability to provide specialised auto servicing solutions for the entire spectrum of BMW vehicles flowing from its landmark acquisition of BM

Carmart introduces attractive offer on Peugeot SUVs for permit holders

Views - 25 Friday, 19 July 2019 00:00

Carmart Ltd., the sole distributor in Sri Lanka for the world-renowned European vehicle brand Peugeot has introduced an attractive and one-of-a-kind offer. New buyers – both permit holders as well as full duty purchasers – of Peugeot 3008 and 500

Greasemonkey launches first mobile mechanic service in Sri Lanka

Views - 69 Friday, 19 July 2019 00:00

Greasemonkey Automobile Ltd., Sri Lanka’s largest e-commerce platform dedicated to automotive products and services, launched the country’s first mobile mechanic service, ‘Mechanic at Your Doorstep’. Offering clients efficient and convenient

Vintage Car Owners Club sets sight for annual drive to Point De-Galle

Views - 17 Friday, 19 July 2019 00:00

The Vintage Car Owners Club of Ceylon (VCOC) has made arrangements to hold the annual drive to Galle on the weekend of 24 and 25 August this year. This event is one of the most sought-after events that will hold the Grand Finale at the Peddlars Inn C

Esports: Ferrari make the first pick for F1 Pro Series

Views - 7 Friday, 19 July 2019 00:00

LONDON (Reuters): Debutants Ferrari were given first pick in the Pro Draft for the 2019 Formula One esports series on Wednesday and chose Italian gamer David Tonizza to race for them against the other nine teams. Ferrari were the only absentees last

TVS launches new 100cc motorcycle, TVS Sport 100 in Sri Lanka

Views - 14 Wednesday, 17 July 2019 00:00

TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today launched their 100cc economy motorcycle TVS Sport 100 in Sri Lanka. The mileage-efficient motorcycle boasts of new generation graphics and style. At the

Google builds stronger ties with PickMe

Views - 25 Wednesday, 17 July 2019 00:00

PickMe, Sri Lanka’s home-grown digital mobility solutions provider is now one of Google Cloud’s key clients in the whole of South Asia. This is due to the high utilisation of a wide array of Google services and deep technology integration with Go

Fairfirst rolls out WhatsApp Motor Insurance

Views - 28 Wednesday, 17 July 2019 00:00

Breaking barriers of both the insurance and e-commerce industries, Fairfirst Insurance has officially started delivering insurance via WhatsApp – yet again another Lankan-first product by Fairfirst. Riding on the waves of digital transformation, ex

Colonial Motors rolls out Kymco DownTown as new era of sports touring

Views - 201 Wednesday, 17 July 2019 00:00

Colonial Motors (Ceylon) Ltd., in partnership with KYMCO, one of the leading power sports brands in the world, launched DownTown, a premium range of Mid-Range Maxi Scooters in Sri Lanka. Symbolising power and prestige, DownTown is a true testament t

Future Automobiles unveils the all-new Ford Ranger Raptor

Views - 102 Thursday, 11 July 2019 00:24

New breed of performance pickup truck geared to bring thrills to Sri Lankan market Ford Motor Company, the global automotive giant represented in Sri Lanka by Future Automobiles Ltd., a subsidiary of Softlogic Holdings PLC, has launched the 2018/201

Latest revolution in leasing industry: ‘People’s Leasing Petrol Peraliya’

Views - 20 Thursday, 11 July 2019 00:22

PLC introduces pioneering promotional schemes from time to time for the benefit of its leasing customers. To coincide with the company’s 23rd anniversary, PLC has introduced ‘People’s Leasing Petrol Peraliya’ scheme to pay gratitude to its le

Choking India gets first fully-fledged electric car

Views - 20 Thursday, 11 July 2019 00:21

Mumbai, AFP: Motorists in India, home to some of the world’s most polluted cities, can now buy a fully-fledged electric car after Hyundai unveiled a model that can travel 452 kilometres (281 miles) on one charge. The Kona Electric SUV will cost $3

French Ambassador chooses Peugeot 5008 from Carmart

Views - 35 Thursday, 11 July 2019 00:19

Carmart Ltd., the sole manufacturer authorised importer/distributer in Sri Lanka for the world-renowned European vehicle brand Peugeot, ceremonially handed over the keys to the latest Peugeot 5008 SUV to the Ambassador of France to Sri Lanka and the

New Jaguar Land Rover tech responds to your mood; helps reduce stress

Views - 31 Wednesday, 10 July 2019 00:00

Jaguar Land Rover is researching new artificial intelligence (AI) technology to understand our state of mind while driving – and adjust cabin settings to improve driver wellbeing. The technology uses a driver-facing camera and biometric sensing to

HNB partners Micro Cars to offer exclusive leasing packages

Views - 25 Wednesday, 10 July 2019 00:00

Sri Lanka’s premier financial solutions provider, HNB PLC, partnered with Micro Cars Ltd. to offer a slew of exclusive leasing packages with attractive benefits and interest rates for customers intending to purchase the Micro’s popular MG ZS, MG

Today's Columnists

Trendvertising: The new world of communication in a hashtag world

Tuesday, 20 August 2019

Rahul Bose, an Indian actor, caught a lot of attention for a video post that went viral, where he complained about the price of bananas during his stay at a five-star hotel in Mumbai. As he explained in his story – he went to the gym at his hotel w

Company Law intertwined with Income Tax – Understanding the nexus! Part II

Tuesday, 20 August 2019

A comparison and analysing the impact of corresponding provisions of Companies Act No. 7 of 2007 and Inland Revenue Act No. 24 of 2017 reveals invaluable insights corporate management must be aware of in day-to-day management activities as well as st

Will ‘10 February’ be repeated?

Tuesday, 20 August 2019

Whilst Sri Lanka is in election mode, the thought crossing every Sri Lankans mind is, ‘Will the 10 February 2018 elections behaviour be repeated?’ given the head-start that ‘Brand Gota’ has got. Whilst many are speculating who will be the fig

Shanta Devarajan: Economist who cannot get disconnected from his motherland

Monday, 19 August 2019

For me, Shanta Devarajan, formerly the Acting Chief Economist of the World Bank Group succeeding the Nobel Laureate Paul Romer and presently Professor at Georgetown University, USA, was a legend by himself. When I met him in early part of the new mil

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