Sri Lankan company to export South Korean SUVs to India
08 December 2007
Mumbai: Micro Cars Ltd, a Sri Lankan car company, will locally assemble sports utility vehicles (SUVs) manufactured by South Korea's SsangYong Kyron for exports to India.
The company has already sent test vehicles to India and received "very good" response, said Micro Cars managing director Lawrence Perera.
"There is a demand for quality SUVs in India," he said, adding that his company would export locally assembled Kyron SUVs to India from next year.
The company plans to manufacture two SUV types with the price staring at 7.5 million Sri Lankan rupees (around $68,000).
Perera said the company had invested SLRs 30 crore in the last six months for expanding its plant in Polgahawela, 60 km north-east of Colombo.
Currently a majority of the components of the SUV are imported except for the body of the vehicle, mirrors, seats and rubber component, including tyres.