Motor

Pre-paying for parking made easier with Pay&Go

Views - 11 Wednesday, 17 October 2018 00:00

Tenaga Car Parks Ltd., South Asia’s largest parking management company, having over 100 parking meters in Colombo, entered into an agreement with MegaPay Ltd. to enable pre-payment for parking.


Exclusive leasing benefits from Siyapatha Finance in collaboration with Indra Traders

Views - 10 Wednesday, 17 October 2018 00:00

One of Sri Lanka’s leading financial organisations and a catalyst in the automobile industry came together in a partnership that promises immense benefits to the current and future customers of both companies. By partnering with Indra Traders, Siya


Amana Takaful partners with Abans Finance for ‘Tuk Tuk Full’

Views - 7 Wednesday, 17 October 2018 00:00

An MOU was signed between Amãna Takaful PLC and Abans Finance PLC offering the ‘Tuk Tuk Full’ product for the three wheel portfolio of Abans Finance. When a customer obtains a comprehensive ‘Tuk Tuk Full’ policy from Amãna he/she is eligib


TVS flags off ‘3 million Apaches on road’ celebratory ride

Views - 8 Wednesday, 17 October 2018 00:00

TVS Apache, the premium motorcycle brand of TVS Motor Company, recently crossed a key sales milestone of 3 million units.  To commemorate this feat, TVS Motor Company has organised a celebratory ride in one of its important global market, Sri Lanka


UK to cut hybrid car subsidies to promote electric models

Views - 6 Wednesday, 17 October 2018 00:00

LONDON (Reuters): Britain will cut the incentives available to those buying plug-in hybrid vehicles as it focuses on pure electric models, sparking anger from an industry trade body as carmakers already face declining sales in Europe’s second-bigge


Seylan Bank: Title Sponsor and Official Banking Partner for ‘Seylan Colombo Motor Show’ for 5th year

Views - 5 Wednesday, 17 October 2018 00:00

Seylan Colombo Motor Show, the country’s largest and much awaited automobile exhibition is once again set to revolutionise the local automobile industry at the BMICH premises from 19-21 October. Extending its support for the fifth consecutive year,


Toyota Lanka engages key Toyota Industrial Equipment customers at gala event

Views - 17 Thursday, 11 October 2018 00:00

Toyota Industrial Equipment, the Forklift arm of Toyota Lanka (Private) Limited recently hosted some of its key clientele to an exclusive cocktail event to felicitate longstanding relationships with corporate and individual clients. The event was hel


HNB partners with Prestige Automobile Group to offer special BMW deals

Views - 17 Thursday, 11 October 2018 00:00

Sri Lanka’s premier retail bank, HNB PLC announced a new partnership with sole authorised agents of BMW vehicles in Sri Lanka, the Prestige Automobile Group, to offer special deals for aspiring BMW owners. “As Sri Lanka’s largest and most succe


Tata Motors registers 20% increase of sales in September 2018

Views - 11 Thursday, 11 October 2018 00:00

Tata Motors sales in the domestic market in September 2018, grew by 20%, at 64,520 units compared to 53,964 units over the previous year Tata Motors sales in the domestic market in September 2018, grew by 20%, at 64,520 units compared to 53,964 units


Toyota Corolla holds Classic Car Parade

Views - 35 Thursday, 11 October 2018 00:00

Toyota Corolla held a Classic Car Parade organised by the Toyota Corolla KE10 to KE55 Car Owners Club recently in the Kahatawila area on the Kesbewa-Bandaragama Road with the participation of more than 60 classic Toyota models car from KE10 to KE55


Sri Lankan vehicle exporters in Japan conduct convention to formulate proper policy

Views - 35 Wednesday, 10 October 2018 00:00

The Sri Lanka Automobile Association in Japan (SLAAJ) held their first-ever Automobile Convention in Sri Lanka last week. Present at the event as Chief Guest was President Maithripala Sirisena, along with Guests of Honour Vallibel One Group Chairman


Edirisinghe Brothers launch Sri Lanka’s second Hybrid Hub Facility in Piliyandala

Views - 21 Wednesday, 10 October 2018 00:00

Edirisinghe Brothers Ltd. (EBL) announced the launch of Sri Lanka’s second purpose-built facility dedicated for the servicing, repairing and battery conditioning of Hybrid and Plug-In Hybrid Vehicles in Miriswatte, Piliyandala. Edirisinghe Brother


Society of Indian Automobile Manufacturers holds meeting with Ceylon Motor Traders’ Association

Views - 14 Wednesday, 10 October 2018 00:00

A 20-member delegation from the Society of Indian Automobile Manufacturers (SIAM) held a very fruitful and cordial meeting with the Ceylon Motor Traders’ Association (CMTA) last week. SIAM is the apex industry body representing leading vehicle and


Mazda aims for all of its vehicles to be electric hybrid, EVs by 2030

Views - 7 Thursday, 4 October 2018 00:00

TOKYO (Reuters): Mazda Motor Corp said on Tuesday that all of the vehicles it produces by 2030 will incorporate electrification, while 5% of its cars will be all-battery electric vehicles (EVs). The Japanese automaker joins a growing number of global


TVS Motor Company launches new 2018 TVS Apache RTR 160 4V in Sri Lanka

Views - 24 Thursday, 4 October 2018 00:00

TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, recently launched the new 2018 TVS Apache RTR 160 4V in Sri Lanka.  A testimony to the racing legacy of the TVS Apache RTR series, the new TVS Apache RTR 160


Ceylinco Life propaganda unit upgrades with Mercedes-Benz vehicles

Views - 15 Thursday, 4 October 2018 00:00

The vehicle fleet of the propaganda unit of Ceylinco Life has been upgraded with the acquisition of two new Mercedes-Benz Vito vehicles to enable the unit reach and serve its customers in greater style and comfort. The unit plays an important role i


Paragon of motor traders Wasana expands services

Views - 27 Thursday, 4 October 2018 00:00

Wasana Trading Lanka Ltd. that owns the largest vehicle yard in Sri Lanka will expand its business according to a new concept by unveiling its ‘Wasana Mahagedara Liyapadinchi Wahana Anganaya’ at an auspicious time on 4 October. People from every


AS-Salam Motor from HNB General Takaful

Views - 12 Friday, 28 September 2018 00:00

HNB General Takaful, the Takaful Unit of HNB General Insurance Ltd. (HNBGI), the fully owned subsidiary of HNB Assurance PLC (HNBA) introduced a revolutionary product, AS-Salam Motor, A Takaful Motor Insurance plan with a range of benefits. Sharing h


Hyundai Lanka announces free 5-year Service and Maintenance services on IONIQ Hybrid and SUV Creta

Views - 15 Friday, 28 September 2018 00:00

Hyundai Lanka Ltd., the sole authorised importer and distributor of Hyundai models in Sri Lanka announced its new industry-leading free five-year service and maintenance package on the revolutionary IONIQ hybrid and SUV Creta models. The unique comp


First Jaguar Art of Performance Global Tour event in Sri Lanka a huge success

Views - 19 Friday, 28 September 2018 00:00

SML Frontier Automotive, sole agents of Jaguar Land Rover (JLR) in Sri Lanka, successfully hosted the first edition of the Jaguar Art of Performance Global Tour recently at the Katukurunda Racing track. A fun and exhilarating day’s event was held


Hero MotoCorp hikes prices amid rising costs

Views - 10 Friday, 28 September 2018 00:00

Reuters: Hero MotoCorp Ltd, the world’s largest two-wheeler manufacturer, said on Wednesday it would raise prices of its motorcycles and scooters to tackle rising commodity costs and currency depreciation. The price hike, effective 3 October, trans


PickMe’s drive towards faster, safer and smarter mobility for the nation

Views - 15 Friday, 28 September 2018 00:00

Reinforcing its stronghold across the country, PickMe is currently spearheading an expansion drive. Accordingly, the company has opened offices in Colombo, Kandy, Gampaha, Kurunegala and Galle. Moreover, the Company has to date widen the reach to Neg


Volkswagen to end production of the Beetle next year

Views - 12 Friday, 21 September 2018 00:00

Reuters: Volkswagen has said it would stop producing its Beetle compact car in 2019, ending a model that looked backward to the 1960s counterculture as the automaker prepares for a leap towards a future of mass-market electric cars. The original VW B


Mission E: Porsche’s first fully electric sports car is named Taycan

Views - 14 Friday, 21 September 2018 00:00

Stuttgart: The future of mobility is another step closer: Series production of the first purely electric Porsche is set to begin next year. In preparation, the vehicle has now been given its official name: The “Mission E” concept study, the name


Micro partners with movers and shakers in new energy and sustainable transportation

Views - 28 Friday, 21 September 2018 00:00

With well over 20 years of experience in the Sri Lankan automobile industry, Micro Cars is Sri Lanka’s only car manufacturer/assembler with the facilities to assemble vehicles on home soil with a modern automated assembly line at BOI EPZ Polgahawel


Musk says Tesla now in “delivery logistics hell”

Views - 12 Friday, 21 September 2018 00:00

Reuters: Tesla Inc.’s Chief Executive Officer Elon Musk on Sunday acknowledged that the electric carmaker’s problems have now shifted to delivery logistics from production delays, the latest speed bump in its efforts to achieve profitability. “


Multi Finance enters into MoU with Micro Cars, offers 6-hour leasing approvals

Views - 18 Friday, 21 September 2018 00:00

Multi Finance PLC (MFPLC) signed a Memorandum of Understanding (MoU) with Micro Cars Ltd. recently, to offer special leasing facilities on a wide variety of vehicles available at Sri Lanka’s first and only national automobile manufacturer. MFPLC


SML Frontier Automotive announces business strategy for Jaguar Land Rover in SL

Views - 40 Wednesday, 19 September 2018 00:00

SML Frontier Automotive, the sole agent of Jaguar Land Rover in Sri Lanka, yesterday announced its business growth strategy for the coming year at a press conference, together with the Jaguar Land Rover Asia Pacific management based in Singapore. Th


CEAT marks 25 years in Sri Lanka with ‘Good Drivers Save Lives’ campaign

Views - 11 Wednesday, 19 September 2018 00:00

After two and a half decades in Sri Lanka, leading tyre brand CEAT has a message for the country’s motorists, and has taken to the streets to deliver it. “Good Drivers Save Lives” is the theme of an emotive new campaign that seeks to persuade d


Audi launches electric SUV

Views - 14 Wednesday, 19 September 2018 00:00

SAN FRANCISCO (Reuters): German luxury car brand Audi on Monday staged the global launch of a new electric sport utility vehicle on the home turf of rival Tesla Inc., and highlighted a deal with Amazon.com Inc. to make recharging its forthcoming e-tr


Today's Columnists

Finishing the job of ending poverty in South Asia

Thursday, 18 October 2018

“I have a four-year-old son back in my village. I want to make a better life for him,” says Sharmin Akhtar, a 19-year-old employee in one of Dhaka’s many flourishing garment factories. Like thousands of other poor women, Sharmin came down to B


Depreciating rupee: Avoiding a money-go-round

Wednesday, 17 October 2018

Sri Lanka’s excessive reliance on foreign capital to finance investment under favourable external financial conditions is now leading to disruptions, as those conditions change in a decisive interest rate tightening phase in the United States. As U


Responsible water stewardship in Sri Lanka

Wednesday, 17 October 2018

Unlike many of our regional neighbours, Sri Lanka is blessed with an abundant water table. However, many companies do not feel the full value of this precious resource due to the limited regulation and monitoring of fresh water extraction for busines


Economy in disarray, banks flourishing; can this be true?

Wednesday, 17 October 2018

It is earlier reported that the growth in bank credit accelerated in August despite the tight credit and money conditions and rising non-performing loans in the banking sector. It is further reported that the year-on-year (YoY) growth in credit accel


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