#Sri Lanka
Domestic sales of commercial and passenger vehicles last month were at 45,906 units as against 36,510 units in the same month last year.
The two-wheeler major presently exports to various markets in the region including the Philippines, Singapore and Myanmar.
The TVS King will be priced at 6,91,850 Lankan Rupee and will be retailed across Abans Auto’s over two hundred showrooms and appointed dealers in locations in Sri Lanka.
Japanese construction equipment manufacturer Kobelco plans to dual its production capacity to almost Four,000 units per annum from the current Two,000 units in almost three years
India’s automobile exports to the southern neighbour almost doubled in the fiscal year ended March 31, 2016, to $305 million (almost Rs Two,100 crore at current exchange rate).
The major overseas export countries for Yamaha are Nepal, Mexico, Sri Lanka followed by Cost Rica, Dominican Republic and Ecuador, the company said.
The company will take a relook at the bus business and only then will it be able to speak on fresh products and roadmap for the segment, he said on the sidelines of an event here.
The tax range for such cars is expected to come down from its present tax range of 1.5-1.6 million to about 1.35 million Sri Lanka rupees, car dealers said.
The model, which is the country’s top selling brand for over ten years in a row, took fifteen years and six months to break thirty lakh sales mark.
As a result of the Commission’s finding of negligibility, the investigations on imports of these products from China will be terminated, USITC said.
This is for the very first time that anti-dumping investigations have been launched into the tyres coming to the US from India, while Chinese tyres have faced a similar investigation in the past.
Starkenn Sports, which retails sport cycles under the Starkenn brand, plans to roll out its very first made-in-India power cycles by August next year.
The UAE also helped auto exports maintain momentum, it said, adding that shipments to this country grew 8.58 % to $ Legal.59 million in May.
HMIL recorded a Eighteen.02 per cent drop in car exports to 1,91,221 units from Two,33,260 units in 2013-14.
Bajaj Auto, after a three-year wait has determined to shift concentrate to export the four-wheeler passenger vehicle to traditional export strongholds.
Isuzu India’s facility at Sri City in Andhra Pradesh to manufacture pick-up trucks would commence operations by April next year.
In order to enhance exports, car makers are also looking at fresh avenues and have identified about over twenty fresh regions to keep overseas sales ticking.
Bajaj Auto has bagged an order of 1.25 lakh Detect 125-M motorcycles from the Sri Lankan government
The company recently held analysts meet to discuss its business strategy. It plans to introduce fresh bikes to regain its market share.
Bajaj Auto today has bagged an order for 1.25 lakh units of Discover-125M motorcycles from Sri Lankan government.
Read what 75000+ Industry Leaders read everyday for free