Indian vehicle makers visist Sri Lanka to coloborte with local firms
- CNL Reporter
- March 20, 2025
- Business News
- Indian vehicle makers visist Sri Lanka
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An 18-member Indian delegation from the Society of Indian Automobile Manufacturers (SIAM) visited Sri Lanka this week as the island nation’s import demand for vehicles is expected to rise after the new government relaxed the ban on vehicle imports.
The delegation included representatives from leading Indian vehicle manufacturers across all segments, including commercial vehicles, passenger vehicles, two-wheelers, and three-wheelers, the Indian High Commission in Colombo said in a statement.
“This visit further strengthens the economic partnership between India and Sri Lanka, fostering collaboration and development in the automobile industry,” it said.
Sri Lanka imposed the vehicle import ban in 2020 as the country was facing a foreign exchange shortage.
With the recovery from an unprecedented bankruptcy, President Anura Kumara Dissanayake’s new government relaxed the ban on vehicle imports with high taxes.
