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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Japanese electric vehicle maker enters Sri Lanka market

Japanese electric vehicle maker enters Sri Lanka market

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Market R

Market R
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics



Sept 26, Colombo: Terra Motors Corporation, Japan's leading electric two- and three-wheeler developer and manufacturer, has entered into an exclusive partnership with Sri Lanka's Brown & Company PLC, according to a report in Autocar Professional.

The 137-year-old Sri Lankan conglomerate with operations in seven key industry sectors has 35 showrooms and 200 dealers in the country.

CEO of Terra Motors Toru Tokushige said, "there are lots of advantages to use electric vehicles in Sri Lanka, which is an eco-friendly and tourism-oriented island country," and the "company would like to contribute to create a sustainable society in Sri Lanka, by promoting hi-quality electric vehicles with the excellent partner, Browns."

"Through this partnership, we will not only introduce a cost-effective mode of transport into the industry, but also a pollution-free vehicle. We are quite excited to work together with Terra Motors on this initiative, and look forward to the launch," said the CEO of Brown & Company PLC

MARKETWATCH2


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Thank you very much.

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