On May 2, Ceat Limited announced the incorporation of its new step-down subsidiary in Sri Lanka, CEAT OHT Ventures (Private) Limited, with an initial capital of LKR 3,00,000. The entity will engage in industrial development, including the construction and leasing of commercial buildings and warehouses to support the

On April 24, 2025, Hero MotoCorp Limited launched four two-wheelers in Sri Lanka in partnership with its local distributor, Abans Auto. The newly introduced models include the Xoom 110 scooter priced at LKR 699,900 and the HF Deluxe priced at LKR 577,900, both of which are now available at dealerships.
The Hunk 160R

Several South Korean media sources reported that Orient Precision Industries Inc. has signed a memorandum of understanding (MOU) with the Daya Group based in Sri Lanka to transfer automotive parts production technology and form a supply partnership. Based on the agreement, Orient Precision Industries will transfer it

On March 11, Tata Motors, in collaboration with DIMO, the sole authorized distributor for Tata Motors in Sri Lanka, launched its all-new range of passenger vehicles in the country. The lineup includes internal combustion engines (ICE) and electric vehicles (EVs). The launch event featured Tata Motors’ SUVs—the Tata P

On December 8, TVS Motor Company (TVSM) launched a new 2.2 kWh battery variant of the TVS iQube electric scooter in Sri Lanka. TVS iQube now offers three variants in six vibrant colors, matching varying customer requirements. It can attain a top speed of 75 kmph.
(Based on TVSM press release)

On September 16, Revolt Intellicorp (Revolt Motors) announced its entry into the Sri Lankan market through a partnership with Evolution Auto Pvt Ltd to launch its electric motorcycles. In the first phase of expansion, the company plans to open around 15 dealerships within the next four months. By 2029, it aims to est

On August 30, TVS Motor Company (TVSM) launched the Raider 125 motorcycle in Sri Lanka. It is equipped with a 125cc air and oil cooled 3 valve engine and churns a maximum power of 11.2 BHP at 8,000 rpm and torque of 11.2 Nm at 6,500 rpm. It gets a gas-charged 5-step adjustable mono-shock suspension, low friction fron

On August 22, Ather Energy announced its plans to expand to its second international market, Sri Lanka. It will open its first experience center in the Sri Lankan market in the upcoming quarter through collaboration with Evolution Auto Pvt. Ltd., a joint venture between Sensei Capital Partners, Atman Group, and Sino

On May 21, TVS Motors launched an iQube electric scooter in Sri Lanka for LKR 1.09 million. The scooter has a peak power of 4.6 KW, and a battery capacity of 3.4 kWh with 2 lithium-ion batteries. It offers a range of 100 kms and can accelerate from 0-40 kmph in 4.2 seconds. The scooter is now available for test rides

On February 20, The Society of Indian Automobile Manufacturers (SIAM) along with the Bangladesh Automobiles Assemblers and Manufacturers Association (BAAMA), the Ceylon Motor Traders' Association, Sri Lanka (CMTA), and the NADA Automobiles Association of Nepal (NADA), formed a South Asian Automobile Forum at the side

On December 15, RACE Energy launched its battery-swapping initiative for electric three-wheelers in Sri Lanka in partnership with Lanka e-Mobility Solutions under the brand name ‘e-wheels’ in Colombo. In the initial pilot, it has launched 25 vehicles and 3 swapping stations across Colombo aims to expand across Galle

Reported on August 28, 2023, Thailand’s Trade Negotiations Department revealed that the free trade agreement (FTA) between Thailand and Sri Lanka is planned to be signed in early 2024, following at least 3 more rounds of talks in 2023 to conclude the negotiations.
Speaking at the 6th round of negotiations for the Tha

On February 16, the Last Mile Mobility (LMM) division of Mahindra and Mahindra Limited, signed a distribution agreement with SLA Mobility (SLAML) for electric three-wheelers in Sri Lanka. The agreement will involve distribution and service support.
LMM will export the highly lauded electric Treo range and the Zor Gr

On January 22, Electric One announced that it will be officially launching in Sri Lanka under the JV” Electric One Lanka Private Limited “in Colombo next month. Under the JV, it will be setting up over 50 co-branded retail outlets across Sri Lanka in the next five years.
Together the venture will invest around USD 5

On January 18, Ashok Leyland, India announced that it will supply 500 buses to the Government of Sri Lanka. As a part of the order, the company recently delivered 75 buses to the nation on its Independence Day. The order is a part of a Line of Credit extended by the Export-Import Bank of India, under the Economic Ass

On January 4, the Sri Lanka Government announced that it has awarded a contract to purchase 500 new buses with 32 seating capacities to Ashok Leyland, India as per the recommendation furnished by the standing procurement committee appointed by the Cabinet of Ministers.
The Government also awarded a contract to Mahin

On January 14, President of Sri Lanka inaugurated Ferentino Tire Corporation- PVT Ltd’s tire and radial tire manufacturing factory. The factory has been set up on a 155-acre land belongs to BOI Industrial Zone in Wagawatta, Horana. Investment of the first phase is USD 100 million. Manufacturing will be carried out us

On November 21, The Board of Investment of Sri Lanka signed an agreement with Shandong Haohua Tire Co. Ltd to set up a project to manufacture tyres for the export market. This high-profile project has been qualified under the provisions of the “Strategic Development Act” with an envisaged foreign direct investment of

On February 20, Skoda Auto announced that it will be officially represented in Sri Lanka from May 2020. It is going to open a central showroom and sales location in Colombo, the capital of the island state located off the southern point of India.
Skoda Auto will be collaborating with IWS Automobiles (Pvt) Ltd as an i

Reported on November 12, 2019, the Perodua Axia Style made its Sri Lankan debut at the Seylan Colombo Motor Show where it is priced at LKR 3.9 million. The Axia Style was launched in Malaysia in September 2019. The car proved to be a hit, as Perodua’s Sri Lanka distributor Unimo Enterprises began collecting orders du