12. December 2024
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December 5, 2024
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AutomobileBusiness & Economy

Preserving the Value of Sri Lanka’s Local Assembly Industry Amidst the Resumption of Vehicle Imports

4min
The Local Assembly Industry, under the Standard Operating Procedure (SOP) of the Ministry of Industries, comprises more than 17 assemblies producing motorcars, SUVs, motorcycles, electric three-wheelers, light trucks, and heavy trucks. These assemblies are supported by local component manufacturers who produce a range of parts such as batteries, tyres, bumpers, exhaust systems, seats, plastic parts, […]
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May 10, 2024
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AutomobileBusiness & Economy

World renowned automobile brands being assembled in Sri Lanka under Ministry of Industries SOP

5min
Sri Lanka Government promoting local assembly with private sector investment  Thursday, 9th of May, 2024, COLOMBO; 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 […]
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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.

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