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Lanka: Colombo-based motor car market to go ‘electric’

Jan. 04, 2014 (LBT) – The Colombo-based motor vehicle market will quickly turn to electric cars because it’s ‘zero pollution’, says Sampath Marenchige, President of the Vehicle Importers’ Association of Lanka.

At a media briefing in Colombo on Friday, the VIAL head said that the network of ‘charging points’ for fully electric cars too are fast expanding in the island and the country will benefit in numerous ways due to this notable change in the motor vehicles market.

“The market for electric motor cars in Sri Lanka will also increase in unprecedented proportions this year,” added Merenchige.

According to him, the import of fully electric vehicles would become the latest trend in year 2014, which would be a significant development in the local car market.

VIAL, said to be the largest vehicle importers’ organisation in the country with a membership of over 280 companies island-wide, was holding the media breifing to praise the recent decision by Central Bank Governor Ajith Nivard Cabraal to withdraw 100 per cent cash margin requirement when opening bank LCs for importation of motor vehicles.


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