Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sathosa Motors Company is Land Rover/Range Rover dealer in Sri Lanka
Tue, Feb 12, 2013, 12:34 am SL Time, ColomboPage News Desk, Sri Lanka.

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.



ColomboPage - Recent 10 Stories
Sri Lanka to establish two more medical faculties to expand higher education
-- [1 hour and 52 minutes ago]
Special high court will be set up in next two months to expedite hearing of fraud cases - PM
-- [2 hours ago]
Sri Lanka President to take over economic management
-- [3 hours ago]
Teachers' union demands arrest of Uva Chief Minister for threatening a Tamil female teacher
-- [4 hours ago]
Sri Lanka to sign a FTA with Singapore during Prime Minister's visit
-- [6 hours ago]
Court grants permission to examine the bank accounts of former Ministry secretary and his family
Postal voting for Local Government elections to begin on Monday
Sri Lanka made little progress on transitional justice initiatives in 2017 - HRW
CA Sri Lanka charters Rotaract Club for Chartered Accountants and CA students
Public has lost confidence in media due to smart phone culture - Sri Lanka Media Minister

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.