FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka


Submit PostSubmit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post



Latest topics

» ACCESS ENGINEERING ( AEL.N )
by High-flyer Today at 8:43 pm

» GLAS will be winner with Super Gain.
by Promoney Today at 7:45 pm

» First capital holdings CFVF.N0000
by engineer Today at 5:00 pm

» TOKYO CEMENT COMPANY (LANKA) PLC
by ADVENTUS Today at 4:27 pm

» KGAL - THE SLEEPING GIANT
by Big Bull Today at 2:28 pm

» NATIONAL DEVELOPMENT BANK PLC (NDB.N0000)
by shihan 93 Today at 1:16 pm

» Sunshine holding future potential
by Zahara khan Today at 12:43 pm

» FUTURE of BROWNS INVESTMENT PLC (BIL)
by Real_Investor Today at 12:28 pm

» CONTRADICTARY statements BY BUYER & SELLER RE: MGT & GREG
by samaritan Today at 12:24 pm

» hospital sector
by David VKMS Today at 10:26 am

» Sri Lanka Bonds Go From Asia’s Worst to Best After China Loan
by CHRONICLE™ Today at 7:27 am

» The market changes fast; it is OK to get out when you feel it is right and take the profits that you can. Stock market for beginners
by Asoka Samarakone Yesterday at 10:04 pm

» Ban of chemical fertilizers is a great news
by dayandacool Yesterday at 9:50 pm

» Economic Uncertainty Drives Crypto Growth in Sri Lanka
by CHRONICLE™ Yesterday at 9:23 pm

» DIPPED PRODUCTS PLC (DIPD.N0000)
by ADVENTUS Yesterday at 4:37 pm

» CSE listed companies...Failed or collapsed
by High-flyer Sat May 15, 2021 9:14 pm

» L B FINANCE PLC (LFIN.N0000)
by kanishkaecomm Sat May 15, 2021 5:17 pm

» කොටස් වෙළඳපොළ2020
by කොටස් වෙළඳපොළ2020 Sat May 15, 2021 11:52 am

» 14 May onwards -Road Clear to Enter one of the Asias Most Undervalued Stock Market
by kalu351 Sat May 15, 2021 6:34 am

» Plantation Sector
by කොටස් වෙළඳපොළ2020 Fri May 14, 2021 10:13 pm

EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

CHRONICLE™ NEWS PRODUCTS

FINANCIAL CHRONICLE™

Views & Reviews, Analysis, Evaluations, Discussions, Gossip and Hot Tips relating to Sri Lankan companies listed on the Colombo Stock Exchange (CSE)
Contribute




DAILY CHRONICLE™

Latest news and articles published in Newspapers, Websites, Blogs and other online news sites relating to business and investments in Sri Lanka
Contribute



ECONOMIC CHRONICLE™

This is a section that provide news, views, analysis, predications relating to Political and Socio-Economic factors and how such activities affect the Stock Market and other economic activity of the Country.

Contribute




EXPERT CHRONICLE™

This is an exclusive section for Expert Articles which will help member to share knowledge through comments and responses of the members. All members are allowed to reply and make comments to these articles.

Contribute


Submit Post


CHRONICLE™ YouTube

Youtube Videos and other visual presentations relating Stock market and other investment advise submitted by members or other contributors.

Contribute


Submit Post


කොළඔ කොටස් වෙළඳපොළේ වංශකථාව
කොළඔ කොටස් වෙළඳපොළේ ලැයිස්තුගත සමාගම් කොටස් ගැන තොරතුරු¸විශ්ලේෂණ¸සාකච්ඡා¸ කටකතා¸රසකතා යන සියල්ල අපේම සිංහලෙන් කතා කළ හැකි ‘කතා මණ්ඩපය’

Contribute

Twitter Feeds
POPULAR COMPANIES
A

ABANS ELECTRICALS PLC

ACCESS ENGINEERING PLC Hot

ACL CABLES PLC

ACL PLASTICS PLC

ACME PRINTING & PACKAGING PLC

AGSTAR PLC

AITKEN SPENCE HOTEL HOLDINGS PLC

AITKEN SPENCE PLC

ANILANA HOTELS AND PROPERTIES PLC

ARPICO INSURANCE PLC

ASIA ASSET FINANCE PLC

ASIA CAPITAL PLC

B

BAIRAHA FARMS PLC

BALANGODA PLANTATIONS PLC

BIMPUTH FINANCE PLC

BLUE DIAMONDS JEWELLERY WORLDWIDE PLC

B P P L HOLDINGS PLC

BROWNS BEACH HOTELS PLC

BROWNS INVESTMENTS PLC

C

CARGO BOAT DEVELOPMENT COMPANY PLC

CENTRAL INDUSTRIES PLC

CEYLON COLD STORES PLC

CEYLON GRAIN ELEVATORS PLC Hot

CEYLON TEA BROKERS PLC

CEYLON TOBACCO COMPANY PLC

CHEVRON LUBRICANTS LANKA PLC

COLOMBO FORT LAND & BUILDING PLC

COMMERCIAL BANK OF CEYLON PLC

CITRUS LEISURE PLC Hot

COMMERCIAL CREDIT AND FINANCE PLC

D

DANKOTUWA PORCELAIN PLC

DFCC BANK PLC

DIALOG AXIATA PLC

DIALOG FINANCE PLC

DIPPED PRODUCTS PLC

DISTILLERIES COMPANY OF SRI LANKA PLC

DUNAMIS CAPITAL PLC

E

EAST WEST PROPERTIES PLC Hot

EASTERN MERCHANTS PLC

EXPOLANKA HOLDINGS PLC

E-CHANNELLING PLC

F

FIRST CAPITAL HOLDINGS PLC

G

GALADARI HOTELS (LANKA) PLC

GUARDIAN CAPITAL PARTNERS PLC

H

HATTON NATIONAL BANK PLC

HAYLEYS PLC

HAYLEYS FABRIC PLC

HAYLEYS FIBRE PLC Hot

HEMAS HOLDINGS PLC

HIKKADUWA BEACH RESORT PLC

HNB ASSURANCE PLC

HVA FOODS PLC

J

JANASHAKTHI INSURANCE COMPANY PLC

JOHN KEELLS HOLDINGS PLC Hot

JOHN KEELLS HOTELS PLC

L

LANKA ASHOK LEYLAND PLC

LANKA IOC PLC

LANKEM CEYLON PLC

LANKEM DEVELOPMENTS PLC

LAUGFS GAS PLC

LAUGFS POWER LIMITED

LOLC FINANCE PLC

LOLC HOLDINGS PLC

LUCKY LANKA MILK PROCESSING COMPANY PLC

M

MELSTACORP PLC

N

NATIONAL DEVELOPMENT BANK PLC

NATION LANKA FINANCE PLC

NESTLE LANKA PLC

O

ORIENT FINANCE PLC

OVERSEAS REALTY (CEYLON) PLC

P

PANASIAN POWER PLC

PEOPLE'S LEASING & FINANCE PLC

PIRAMAL GLASS CEYLON PLC

PRIME FINANCE PLC

R

RAIGAM WAYAMBA SALTERNS PLC

RENUKA AGRI FOODS PLC

RENUKA CAPITAL PLC

RENUKA HOLDINGS PLC

RICHARD PIERIS AND COMPANY PLC

RICHARD PIERIS EXPORTS PLC Hot

ROYAL CERAMICS PLC

S

SAMPATH BANK PLC

SEYLAN BANK PLC

SIERRA CABLES PLC

SINGHE HOSPITALS PLC Hot

SMB LEASING PLC

SOFTLOGIC HOLDINGS PLC

SOFTLOGIC LIFE INSURANCE PLC

SRI LANKA TELECOM PLC

SWISSTEK (CEYLON) PLC Hot

T

TEEJAY LANKA PLC

TESS AGRO PLC

THREE ACRE FARMS PLC

TOKYO CEMENT COMPANY (LANKA) PLC Hot

U

UNION BANK OF COLOMBO PLC

V

VALLIBEL FINANCE PLC

VALLIBEL ONE PLC Hot

VALLIBEL POWER ERATHNA PLC

W

WASKADUWA BEACH RESORT PLC


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » India’s Mahindra and Mahindra expanding footprint in SL

India’s Mahindra and Mahindra expanding footprint in SL

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics
The Mahindra Group, one of India’s top companies with a turnover of USD 15.4 billion, last week announced plans to expand its already extensive footprint in Sri Lanka by offering motorcycles, small planes and vehicle finance in the local market.

The company which already has a presence in automobiles – it sold over 10,000 units last year – and tractors (with a market share of 16%) sees great potential in the proximate Sri Lankan market.

Outside India, Sri Lanka is one of Mahindra’s biggest markets, company officials noted.

Mahindra and Mahindra are Title Sponsor of the Sri Lanka Premier League cricket tournament but senior company executives declined to say how long the relationship will continue with Mr. S.P. Shukla, President of Group Strategy and a member of the conglomerate’s Group Executive Board saying ``contractual details cannot be disclosed.’’

Mr. Nalin Welgama, Chairman of the Ideal Group of Companies, the automobile distributor here of Mahindra, explained at a Colombo news conference that although vehicle imports into the country plunged following last year’s duty increases, their range of mainly light pick-ups were unaffected as they were untouched by the duty change.

Mahindra is today market leader here in the pick-up category enjoying over 50% market share and within a year of its launch of the Maxximo mini-truck has achieved a 40 plus percent market share.

Given its vehicle sales success, talks of the possibility of an assembly plant here have already begun, Welgama said.

Mahindra recently acquired an aircraft manufacturer in Australia (Gipps Aero) and Deccan, a Lankan aircraft operator acquired one of its Airvans. Deccan run by the Favorites Group has teamed up with Ideal as Ideal Favourite Aviation and that company has been named as Mahindra Aerospace’s marketing, sales and service representative here.

Welgama indicated positive prospects for aircraft sales and operations locally with domestic aviation picking up post-war. He made the point that as aircraft enter the country duty free, a small plane wouldn’t cost much more than a high-end Mercedes or BMW taxed at 300% on entry.

DIMO has for many years been the distributor here for Mahindra tractors. Regal Motors distribute the second tractor brand, Swaraj.

The Mahindra range of scooters, now breaking into the Lankan market, was displayed at the Sri Lanka Premier League. They will be marketed by an Idea subsidiary, Ideal 2 Wheelers Ltd.

Mahindra and Mahindra Financial Services Ltd., a leading non-banking financial services company in India operating mainly in semi-urban and rural markets, is coming here on the perception of opportunities for vehicle financiers. It will initially provide financing for purchasers of its own range of vehicles with emphasis on smaller towns and rural areas but has plans to over time offer housing loans and insurance broking services.
http://www.island.lk/index.php?page_cat=article-details&page=article-details&code_title=60531

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum