Indian High Commissioner visits newly commissioned TVS Plant in Horana
The High Commissioner of India to Sri Lanka, Gopal Baglay, visited TVS Lanka vehicle assembly facility in Horana recently coinciding with its 1-year anniversary. During the visit, Baglay interacted with managers & technicians who were given special training in India.
Gopal Baglay appreciated TVS’s noteworthy contribution to the Sri Lankan economy at this critical time. He expressed hope that other Indian enterprises follow TVS’ lead and join hands with the Sri Lankan businesses and Government in dealing with the present crisis and revitalizing the Sri Lankan economy.
He said that Sri Lankan youth have a lot to offer in terms of skills, talents & resources. The Management briefed the High Commissioner on plans of TVS to bring even more versatile & sustainable solutions to Sri Lanka in the foreseeable future in collaboration with TVS India. TVS Lanka’s new facility is primarily for assembling two-wheelers under the concept of “Domestic Value Addition” promoted by the Ministry of Industries, in keeping with global standards and protocols. The new facility incorporated with an investment of over half a billion LKR also serves to provide many occupational opportunities for local youth and experts.
Chief Operating Officer of TVS Lanka, Geethal Anthony said, “We think this endeavour is particularly timely amidst the present import restriction to manage the rupee depreciation. As the market leader, TVS is committed to making Sri Lanka self-sufficient in two-wheelers which will, over time, eliminate the need for imports.”
TVS Lanka (Pvt) Ltd is a fully owned subsidiary of TV Sundram Iyengar & Sons Private Limited, India. TVS represents a wide product portfolio of TVS-branded two-wheelers, three-wheelers and TVS genuine spare parts and Sonalika tractors & genuine spare parts as OE brands. TVS Lanka’s aftermarket offering includes TVS tyres, tubes, UCAP multi spare parts, UCAP batteries, UCAP filters and UCAP lubricants. TVS Lanka has a widespread network of 2,000 touchpoints across Sri Lanka offering TVS & UCAP-related services.