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Micro Cars to invest US $ 6 m to automate PAL

Micro Cars Limited will invest US $ 6 million to automate their production assembly line in the Polgahawela factory and increase production.


The Micro Panda assembly line in Polgahawela

Chairman Micro Cars, Dr. Lawrence Perera told Daily News Business that this would help them to increase the current production from 300 units per month to 1,200.

He said that the main aim of investing in this production line is to intensify their exports. “Currently Micro has very firm orders to Nepal,” he said.


Chairman Micro Cars,
Dr. Lawrence Perera

Dr. Perera also said that they have now received orders from both Pakistan and Bangladesh. “In addition we are very serious about exporting to India despite competition from other manufactures in India,” he said.

He said that they would be concentrating on the Micro Sports Utility Vehicle (SUV) range for exports to Pakistan, Bangladesh and Indian markets since they see a demand for these high end vehicles. He said the new vehicle tax has encouraged them to produce more vehicles.

Commenting on the local market he said that the Micro Panda vehicle is in high demand due to its price being less than Rs. 1.5 million and due to its design, safety and advanced features such as ABS brakes, 1.3 engine and dual air bags. “We will soon launch the new Micro Panda SUV vehicle for both the local and foreign markets,” he said. This would be priced around Rs. 1.9 million.

The value addition for these vehicles would be around 35% and the company is looking at increasing this.

He said that vehicle manufacturing is one of the biggest industries in the world and the contribution it makes to the GDP is very high.

“With more government long term support this could be applied to Sri Lanka as well,” he said. Micro Cars also launched a low floor auto transmission, low emission luxury passenger bus with a Euro three engine and said that the next phase of this would be to totally manufacture this bus in Sri Lanka next year.

“This bus could carry 150 passengers,” he said. He said that they would invest heavily in the local transport sector as the country is now focusing on improving the fleet of buses to provide a more luxurious passenger service to the public.

shirajiv@yahoo.com

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