Locally assembled KUV 100 Electric car to market this year | Daily News
Creating automobile history in Sri Lanka

Locally assembled KUV 100 Electric car to market this year

Sri Lankan automobile industry will create history at the end of this year when the country will roll out its first locally assembled KUV 100 Electric car to the market.

Mahindra & Mahindra India and Ideal Motors Sri Lanka under their joint venture Mahindra Ideal Lanka has already approved the prototype model and will start the manufacture mid this year, elevating Sri Lanka to a historic new level in the motor industry.

Chairman Nalin Welgama

Chairman Ideal Motors, Nalin Welgama said that Mahindra & Mahindra India in 2010 took over the Bangalore based Reva Electric Car Company and are keen to pass this technology to Sri Lanka and to produce electric cars. “Unlike the traditional electric cars which run only on the ‘electric charge’ we are looking at installing a hybrid battery allowing it to drive without a midway charge for more kilometres.”

Mahindra Ideal Lanka last year also created history by opening their assembly cum manufacturing operation, in Welipanna and already over 500 KUV100 vehicles are now plying the Sri Lankan roads. “By the end of 2021 this will increase to 2,000”, he said.

“The move will help save the drain of foreign exchange through vehicle imports at a time foreign inflows have dipped,” Welgama said.

These vehicles already have over 30% value addition and its increasing and Minister of Industries Wimal Weerawansa’s initiative, in introducing an ‘Automotive standard certification’/Standard Operating Procedures (SOPs) will help to further increase the local value addition component.”

“This move to promote SOPs must be expedited to support the automobile industry to get to the next level which will be a turning point in the vehicle assembly industry in Sri Lanka.”

He said it was a myth that Sri Lanka didn’t have a market for mid-range cars as over 55,000 Indian made cars were sold per year before the temporary import ban of vehicles.

The vehicle import ban saves around USD 1.2 billion per annum from the import bill and encourages local automotive assembly.

Malaysian automobile industry contributes around four percent to the country’s GDP manufacturing around 500,000 units per year while India plans to increase the manufacture of automobiles from around USD 118 billion to USD 300 billion in the next four to five years.

 


Lankan assembled Maxi truck to see light mid this year

Another first for Sri Lanka from Mahindra Ideal Lanka

Mahindra Ideal Lanka will create another landmark in the Sri Lankan automobile landscape when they introduce the locally assembled Maxi truck mid this year.

They will comprise a 1.4-ton payload and several other features and will have around 35% local value additions.

“The unique feature of this is that the truck can be built to pre-order customer requirements making it the only such vehicle in Sri Lanka.

“For the frozen food transporter we will make it with a freezer, for green leaf/vegetable transporter it will be built with a special mesh and food transporter it will be a covered truck and we will have more variations depending on customer requirements.”