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Asian Tribune is published by World Institute For Asian Studies|Powered by WIAS Vol. 12 No. 2708

The grand Indian auto show at BMICH

By Quintus Perera - Asian Tribune

Colombo, 03 August, (Asiantribune.com): India is the fastest growing passenger car market in the world and the second largest two-wheeler manufacturer and the largest motorcycle manufacturer. It is also the fifth largest commercial vehicle manufacturer in the world.

The apex body representing leading vehicle and vehicular engine manufacturers in India, Society of Indian Auto Mobile Manufacturers (SIAM) is organizing a 3 day Automobile Exhibition from 18th to 20th August at the BMICH and the event is supported by the Indian High Commission, Ceylon National Chamber of Industries, Ceylon Motor Traders Association and the Auto Mobile Association of Ceylon.

The event is jointly organized by SIAM, V Group-Bangalore and Victory Exhibitions and Conventions (Pvt) Ltd. The participants include manufacturers of two wheelers, four wheelers and commercial vehicles. Some of the leading participants are Tata Motors, TVS, Fiorce Motors, Hyundai and Volvo.

To announce the details of the Exhibition, a press briefing was held at the Hotel Cinnamon Grand.

Sanjey Sudir, Consular – Economic and Commercial, Indian High Commission said the automobile industry is playing an outstanding role in India and in the last decade the perception has also changed in manufacturing automobiles for the middle-class.

He said India is the 10th largest automobile manufacturer in the world and it would strive to join among the five largest categories by 2015. The export of automobiles amounts US $ 1.7 billion cars alone worth of US $ 270 million is exported.

With regard to overall bilateral relationship, he said, is very special and after signing the Free Trade Agreement, during the six year period the trade volume has quadrupled. He said the signing of the FTA has been more beneficial to the Sri Lanka and pointed out that in 1999 every $ 10 imports Sri Lanka has exported only one dollar worth, but the Sri Lanka exports have now improved to $ 4.4.

He said Indian investments are the second largest in Sri Lanka and now parallel to those Sri Lankan investments in India is also expanding and said certain products such as Munchi Biscuits and Dhamro are becoming household brands in India. Munchi Biscuits are the third largest biscuit manufacturer in India.

This ‘Auto Show India’ scheduled to be held at the BMICH will not only showcase all types of vehicles produced by SIAM but has concurrent programmes, like seminars and workshops. There will be seminars on Safety and Emission Norms and other environmental issues and it will also include an interactive Road Safety Awareness programme for school children along with a drawing competition to generate awareness.

- Asian Tribune -

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