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New BOI venture to assemble vehicles in Sri Lanka
Monday, 2 February 2009 - 10:05 PM SL Time
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The Board of Investment of Sri Lanka granted investment approval to W T L Automobiles (Private) Limited for a project to assemble motor vehicles for the local market.
W T L Automobiles (Private) Limited signed the agreement to assemble vans in the same class as the Hiace. The vehicles assembled in Sri Lanka will be sold under the trade name WTL. The venture will utilize parts imported from China as well as parts manufactured locally in the assembling process.
W T L Automobile has successfully assembled a sample WTL van and has had successful test runs. Construction of the assembling plant will start immediately and expects to commence commercial operations within 6 months.
The plant will be semi automated and the equipment will be imported from China. The director said that they will be using a semi automated process in order to utilize the skilled labour available and to generate more employment opportunities.
This project is an investment of Rs. 216 million that will generate 50 new employment opportunities in the automobile industry. The vehicle assembling plant of company will be located in the Mirijjawala Industrial Park in Hambantota.
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aruma
Joined: Feb 2008
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 2 Feb 2009 17:37:31 GMT Report for Abuse
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Hope this vehicle is not a fuel guzzling, expensive, hard to buy, hard to maintain, stripped of all security systems, assembled exclusively for the Sri Lankan market!
Vehicles, like most of the things, exported by China are getting a very bad reputation due to lack of modern security systems and high tech.
This will add to increased road accidents & untimely deaths on SRI LANKAN roads... |
Spetsnaz1
Joined: Jun 2006
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 3 Feb 2009 01:32:43 GMT Report for Abuse
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We are already in the process of setting this GIE here in Australia.
Yes I heard there was an outback hillbilly running for the presidency for the GIE.. but lets hope the prices are affordable for the comman mass in SL... |
kiwikanga
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 3 Feb 2009 03:50:43 GMT Report for Abuse
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A company known as MICRO began assembling Ssyangyong Actyons and Kyrons in SL. The damned things were costing Rs.8m and Rs.9m. Not in the least cheap even after having been manufactured/assembled in SL.
These WTL vehicles too would very likely end up with a similar pricing.
The reason for the high prices are the numerous taxes. What surprised me was that vehicles manufactured/assembled in the country were taxed, of all things, 'Customs Duty'!
Edited By - kiwikanga - 3 Feb 2009 03:54:30 GMT |
raigamakolla
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 3 Feb 2009 04:05:34 GMT Report for Abuse
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The reason for the high prices are the numerous taxes. What surprised me was that vehicles manufactured/assembled in the country were taxed, of all things, 'Customs Duty'!
It costs a lot of money to maintain the jumbo cabinet and the 90 odd consultants and advisers. So, why complain. Just pay. And just be happy that everything will be all right after the war. |
gchula99
Joined: Oct 2006
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 3 Feb 2009 06:32:23 GMT Report for Abuse
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Horrible Maruti doesn't have any attractive shape or finish and cheaper quality spare parts has reached 1.3 million Rupees. This Hiace is a another collection to the rotten lot.
Prizes are sky rocketing! For the same prize but better quality and trade name used cars can be purchased from foreign countries if the custom duty can be reduced!
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crow
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 3 Feb 2009 16:55:18 GMT Report for Abuse
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| Until I saw the last word in the article, I wondered why, of all the things we could do in SL, we would want to assemble vans that will likely shudder apart after puffing along for 1 km. Then I saw that last word (Hambantota) and all was clear! |
crow
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3 Feb 2009 16:55:48 GMT Report for Abuse
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| Until I saw the last word in the article, I wondered why, of all the things we could do in SL, we would want to assemble vans that will likely shudder apart after puffing along for 1 km. Then I saw that last word (Hambantota) and all was clear! |
kiwikanga
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3 Feb 2009 22:10:52 GMT Report for Abuse
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RGM
So, why complain. Just pay. And just be happy that everything will be all right after the war.
No one has to complain and buy this expensive stuff 'made or assembled in Sri Lanka' when there are the options of buying a reconditioned Jap vehicle, or a B/N Jap,Indian, Malaysian, Thai, Korean or South African Vehicle OR simply ship the vehicle of your choice from which ever country you are in!!
OH! Yes SL still will be super fine for a holiday of a about a month, even after the war! |
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