Feb 11, Colombo: Sri Lanka's SML Frontier Automotive Private Limited, 50% owned by the Sathosa Motors Limited, has received the exclusive rights to sell, distribute and service, Land Rover / Range Rover Vehicles in Sri Lanka.
In a disclosure to the Colombo Stock Exchange, the Sathosa Motors Managing Director Sumal Perera said the Land Rover /Range Rover has been one of the top three European luxury automobile brands in Sri Lanka, during the last 5 years.
The customer interface of Land Rover/ Range Rover in Sri Lanka will continue with the key staff of the previous representative being a part of the new company, the statement disclosed.
"The investment by Sathosa Motors is in line with the company's strategic view of creating a pool of world renowned brands under the umbrella of Access Engineering Group. Synergies for the Access Engineering Group of this investment include leveraging of the expertise of Sathosa Motors PLC in the motor trade and capitalizing on the demand for luxury SUVs," the statement said.
Sathosa Motors is an 84.39% owned subsidiary of Access Engineering PLC.
SML Frontier Automotive hopes to commence its operations in April.