The Hyundai Grand i10 car, assembled for the first time in Sri Lanka was launched at the Colombo City Centre yesterday (10) under the patronage of President Ranil Wickremesinghe.
The president said that the belief the country’s economy would reinvigorate soon is confirmed by introducing such a brand-new vehicle to the market at a critical moment such as this. He pointed out that this venture reflects the positive confidence of the foreign countries on Sri Lanka.
This vehicle is assembled in a factory equipped with sophisticated modern technology in Seeduwa. It is a cooperate venture by Abans Auto Company of Sri Lanka and Hyundai Motor Company of South Korea. President Wickremesinghe further said that this partnership is a huge step in the domestic vehicle assembling industry and vehicle spare-parts manufacturing industry.
“Assembling the Hyundai Grand i10 in Sri Lanka is a tribute to the firm determination of Mrs. Pestanjee. I know how she initiated this journey when the economy was opened up in 1977. I still remember that there was an Abans Showroom on the fifth lane heading towards Galle Road. Thank you very much for having come this far from that point.
I hope that this step will be a good start for the arrival of other investors to Sri Lanka based on the cooperation between South Korea and Sri Lanka as well as the higher investment made by Korea here,” he said/