The LB Big Wheels Motor Show, a one-of-a-kind motor show that focuses on providing only superior quality vehicles from the world’s leading automotive manufacturers, is set to take place on 18th, 19th and 20th of May 2018 from 10am to 10pm at the Nelum Pokuna – Colombo 7. The inaugural...
COLOMBO: Towards the end of 2019, automobile loving Sri Lankans will see something they have been longing to see – a locally manufactured “Sri Lankan” car vying for road space with international brands. Sri Lanka’s Ideal Motors has teamed up with India’s automobile behemoth the US$ 19 billion Mahindra and...
Ideal Motors’ small car, not named yet, is to be made in collaboration with India’s automobile behemoth, the US$ 19 billion Mahindra and Mahindra (M and M), at a plant in Kalutara district south of the capital Colombo. This will be the second Sri Lankan attempt to make a car...
ECONOMYNEXT - Sri Lanka's vehicles registrations rose 26.6 percent from a year earlier to 37,354 in February 2018, with motor cars up 131 percent to 4,949 units and broad-based double digit growth in all categories, data compiled by an equities research house shows. Total registrations of all vehicles in February was...
Mar 28, 2018 (LBO) – Mahindra and Mahindra Ltd. (M&M) has announced the establishment of a Joint Venture (JV) with Ideal Motors Ltd. for assembling vehicles in Sri Lanka. M&M will invest up to 250 million rupees to form the joint venture, a statement said. The acquisition expected to be completed by...
NEW DELHI: The domestic equity market is likely to open on a negative note on Wednesday. At 08:15 am, Nifty futures of the Singapore Stock Exchange (SGX) were trading 62.50 points or 0. 61 per cent lower at 10,147.50.Here's a look at the top stocks that may hog limelight...
(Left to Right)Mohan Ratnayake, Managing Director of Colonial Motors, and Rajieve Fernando, Chief Executive Officer of Autobahn Private Limited, exchanging the MoU at a Colonial Motors service center. Autobahn, a one stop shop for premium vehicle brands in Sri Lanka, recently signed a Memorandum of Understanding (MoU) with Colonial Motors....
March 26th, 2018 8 bulletproof luxury cars and jeeps used by former Presidents at the time of the war, were disposed of in the Southern deep sea this morning (Mar. 26). Acting Media Spokesperson of the Sri Lanka Navy, Lt. Commander K. K. C. Udayanga confirmed this to our news team. The...
(Left to Right)Mohan Ratnayake, Managing Director of Colonial Motors, and Rajieve Fernando, Chief Executive Officer of Autobahn Private Limited, exchanging the MoU at a Colonial Motors service center. Autobahn, a one stop shop for premium vehicle brands in Sri Lanka, recently signed a Memorandum of Understanding (MoU) with Colonial Motors....
Uber is selling its South East Asia ride-share and food delivery businesses to regional rival Grab. The move marks a further retreat from international operations for Uber after it sold its China business to local rival Didi Chuxing. Both firms describe the deal as a win for their passengers, but analysts...
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