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CEAT radials designated Original Equipment for locally–assembled Mahindra Bolero City Pik-ups

CEAT Kelani Holdings has reached another milestone in radial tyre manufacture in Sri Lanka with the Company’s appointment as an Original Equipment Manufacturer (OEM) for Bolero City Pik-up vehicles assembled in Sri Lanka by Mahindra & Mahindra (M&M) India in collaboration with Ideal Motors. All Mahindra Bolero City Pik-ups rolling off the assembly line at […] ....

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Some Sri Lanka firms could be hit on import controls as reserves fall: Fitch


Friday July 23, 2021
8:41 am
Friday July 23, 2021
8:41 am
ECONOMYNEXT – Some Sri Lanka firms could be hit while firms in essential goods may be less affected and import substitution firms could benefit if import controls are tightened on weak external finances, Fitch, a rating agency said.
“…Sri Lanka sovereign’s weak external finances will affect corporates importing non-essential finished goods such as consumer durables more than corporates importing essential finished goods such as pharmaceuticals, food or clothing,” Fitch said.
“At the same time, we believe restrictions are less likely in the near term on the importation of raw materials for the domestic manufacture of essential products such as personal care, or for those industries serving as import-substitutes such as tyre and footwear manufacturers.” ....

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