Japanese EV maker Terra Motors enters Sri Lankan market
Terra Motors Corporation, Japan’s leading electric two- and three-wheeler developer and manufacturer, has entered into an exclusive partnership with Sri Lanka’s Brown & Company PLC.
Terra Motors Corporation, Japan’s leading electric two- and three-wheeler developer and manufacturer, has entered into an exclusive partnership with Sri Lanka’s Brown & Company PLC. The Sri Lankan company is one of the country’s oldest diversified conglomerates, currently operating in seven key industry sectors. It has 35 showrooms and 200 dealers in Sri Lanka.
Toru Tokushige, CEO of Terra Motors, said, “There are lots of advantages to use electric vehicles in Sri Lanka, which is an eco-friendly and tourism-oriented island country. We would like to contribute to create a sustainable society in Sri Lanka, by promoting hi-quality electric vehicles with the excellent partner, Browns.”
“Through this partnership, we will not only introduce a cost-effective mode of transport into the industry, but also a pollution-free vehicle. We are quite excited to work together with Terra Motors on this initiative, and look forward to the launch,” said the CEO of Brown & Company PLC.
Autocar Professional had earlier reported that Terra Motors plans to introduce an electric three-wheeler in the Indian market around October this year. It is believed the company will undertake contract manufacturing for the product with a Rajkot-based manufacturer.
Also see: Japan’s Terra Motors to start India business with electric three-wheeler http://bit.ly/YtYytp
RELATED ARTICLES
Automobili Lamborghini launches new corporate look after two decades
This evolution is part of the broad transformation process denoted Direzione Cor Tauri, the strategy that embodies Lambo...
NXP launches integrated platform to simplify SDV development, cut costs
Open S32 CoreRide platform combines processing, vehicle networking and system power management with integrated software ...
Yamaha partners Lola Cars to develop and supply powertrains for Formula E
Japanese automaker aims to acquire cutting-edge electric technology in the premier EV race series. This multi-year partn...