Lanka, a big market for Mahindra

by Jayampathy JAYASINGHE

Mahindra, a $15b company manufactures a range of vehicles from motorcycles to light aircraft.

"We have been in Sri Lanka for over a decade starting from farm equipment and in 2002 we entered the motor business," said the Chairman of the Ideal Group, Nalin Welgama at a media briefing in Colombo last week.

He said the Ideal Group partnered the Mahindra group three years ago and have a stake in the light commercial vehicle segment where they sell 2,200 vehicles per month and have a 40 percent market share of heavy vehicles in the country.

"Sri Lanka has become the biggest market for Mahindra vehicles outside India."

Meanwhile, Mahindra Group is the sponsor of the Sri Lanka Premier League currently being played in the country which was a boost for young cricketers in the provinces who were given an opportunity to come to the forefront to showcase their talents.