Daily News Online

DateLine Tuesday, 28 August 2007

News Bar »

News: Massive protests against Sethu  ...        Political: President's move timely: CWC  ...       Business: New Tourism Act hailed  ...        Sports: Veronica, the sprint queen  ...

Home

 | SHARE MARKET  | EXCHANGE RATE  | TRADING  | PICTURE GALLERY  | ARCHIVES | 

dailynews
 ONLINE


OTHER PUBLICATIONS


OTHER LINKS

Marriage Proposals
Classified
Government Gazette

Emphasis on fuel efficiency at AMW Economy Trial

Associated Moto- rways PLC, (AMW) leader in importing brand new vehicles to Sri Lanka will flag off a Motoring Event with a difference with a view to draw attention to fuel conservation among local drivers.

This Economy Trial is open to their customers who drive the popular car brand Suzuki-Maruti.

Ceylon Motor Sports Club (CMSC) will be the main organiser of this novel event which is scheduled for September 30. There are exciting prizes awaiting the lucky winners.

“CMSC is a Club reputed for its experience in organizing Motor Rallies in Sri Lanka, therefore we are happy to team up with CMSC in sponsoring the event”.

Although the Rally is open to a few chosen models of the Suzuki-Maruti brand, it is expected to be an eye opener to all drivers in Sri Lanka, especially given the recent trend in escalating fuel prices in the country” said Virann de Zoysa-Marketing Manager, Suzuki-Maruti-AMW PLC.

“Over the years Suzuki-Maruti has proven to offer the best value for money for the ‘fuel conscious’ driver. The Trial will be a bold step in further establishing this, as we firmly believe in the Suzuki-Maruti performance” he further said.

According to the CMSC, the Trial will run a length 100km on a route which will run though every day traffic situation on our roads in a bid to promote efficient driving.

The first 50 lucky entrants of Suzuki-Maruti 800 and Alto owners are eligible to participate in this Rally.

The participants will be given a special briefing one week prior to the event by the officials and racing experts where the competitors will be advised on safety, fuel economy and a few tips on good driving techniques too. The driver who returns the best fuel consumption will be the winner.

Among many attractive prizes, all of the participants will receive gifts and a Certificate of Participation, with the courtesy of Associated Motorways PLC.

AMW PLC’s efforts in drawing attention to the importance of fuel conservation will be good news to the government battling with highly volatile fuel prices in the international market.


Double win for Land Rover

Land Rover has won two prestigious awards in the Auto Express New Car Honours 2007, beating tough competition to win Best 4x4 Recreational and Best 4x4 Off Roader.

The all-new Land Rover Freelander 2 fought off competition from the new Honda CR-V and Hyundai Santa Fe in what was one of the most hotly contested sectors to win Best 4x4 Recreational, while the Discovery 3 beat the Mercedes M-Class and BMW X5 for the accolade of Best 4x4 Off Roader.

Auto Express road test editor, Ollie Marriage, said: “The off-road king is back. The Freelander 2 has returned to the top of its class with a neatly designed and beautifully executed second-generation car.”

Frontier Automotive, sole agents for Land Rover in Sri Lanka already have the award winning Discovery 3 in their Colpetty showroom, while CEO, Frontier Automotive said the Freelander 2 was expected next month

“Achieving the Best 4x4 Off Roader award for the Discovery 3 - a car that continues to be an outstanding success, consistently beating new entrants said Fernando.


Amerasinghe elected Chairman

Senake Amerasinghe, Managing Director Carmart has been elected Chairman of the Ceylon Motor Traders Association [CMTA], an affiliate of the Ceylon Chamber of Commerce.

The CMTA has a membership of 26, with Carmart having been a member for over 50 years, and a committee member for 20 continuous years.


Senake Amerasinghe

As Chairman of the CMTA, Amerasinghe intends to meet up with all the CEOs of the member companies and obtain their views with regards to preparing a suitable business plan for execution in the coming year which would be beneficial to the membership at large.

He added that he would be looking at the possibilities of involving members in various activities of the association by strengthening the sub- committee system that was introduced in the recent past, whilst endeavouring to increase the membership by offering membership to a few new car importers who are currently not members of the CMTA.

Amerasinghe who took over as Managing Director of Carmart in 1970, is the son of the late Clarence Patrick Amerasinghe, who was a legendary figure in the history of motor trade in Sri Lanka [then Ceylon].

He was one of the very few Sri Lankans at that time who competed against the British domination of the motor industry.

In fact in 1953 Carmart became the first Ceylonese franchise holder to open its own branch in Kandy with facilities for sales, service and spares.

Apart from his Chairmanship of the CMTA, Amerasinghe has also served as President of the Sri Lanka German Business Council and President of the Sri Lanka Indonesia Business Council.

In addition, he is the Honarary Consul for Austria a press release states.


More research by Indian auto firms

Indian automobile companies are spending more on research and development (R&D) as they seek to become self-reliant in technology and boost sales in both local and international markets.

R&D expenses of six auto companies of Indian origin increased 70% to Rs. 1,384 crore in fiscal 2007 compared with Rs. 443 crore in fiscal 2004. The average R&D spend as a percentage of net sales has increased to 2.34% from 1.47% during this period. Sales grew 49% in the same period.

The six companies are Tata Motors Ltd, India’s largest truck maker, Mahindra & Mahindra Ltd, the country’s largest utility vehicle maker, Bajaj Auto Ltd, TVS Motor Co. Ltd, Eicher Ltd and Ashok Leyland Ltd.

The other important auto companies operating in the country, such as Maruti Udyog Ltd, General Motors India Pvt. Ltd, Ford India Pvt. Ltd and Hyundai Motor India Ltd, are local arms of multinational corporations and can draw on the R&D work done by their parents, although most also spend some money on R&D in India.

The Indian companies, however, have to do it all themselves. For Mahindra & Mahindra Ltd, which built India’s first indigenously designed sports utility vehicle, the Scorpio, in-house technology development has grown from a need to service price-conscious customers.

TVS Motors scaled up R&D after it split with partner Suzuki Motor Co., and had to develop new products to defend its market share in an intensely competitive market.

EMAIL |   PRINTABLE VIEW | FEEDBACK

Gamin Gamata - Presidential Community & Welfare Service
www.srilankans.com
www.greenfieldlanka.com
www.ceylincocondominiums.com
www.cf.lk/hedgescourt
Ceylinco Banyan Villas
www.defence.lk
www.helpheroes.lk/
www.peaceinsrilanka.org
www.army.lk
www.news.lk

| News | Editorial | Business | Features | Political | Security | Sport | World | Letters | Obituaries |

Produced by Lake House Copyright © 2006 The Associated Newspapers of Ceylon Ltd.

Comments and suggestions to : Web Editor