Atul Auto Ltd, a leading three-wheeler manufacturer is entering Sri Lankan market to set up an auto manufacturing plant. The company proposes to manufacture three– wheelers powered by diesel engines for intra city passengers and cargo application.
Atul Auto Ltd has already made an application to the board of investment of Sri Lanka for approval of its investment in Sri Lanka. The company at an appropriate time will introduce three-wheelers powered by spark-ignition engines running on Gasoline, CNG and LPG.
Commenting on the foray, Neeraj Chandra, Director, Atul Auto Ltd, said that “The three-wheeler market in Sri Lanka is vibrant and there is a growing domestic segment too, we can see potential for development in three wheeler sector and we have confidence on our products and the performance. Moreover, we aim to set up a manufacturing plant here where the experts from technical team of the Company will supervise the manufacturing work of the vehicles at the plant. Setting up the plant there will help us to combat the import duty hike.”
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