Sri Lanka: One of the Top 10 ‘Emerging engines of growth’
After Iraq and Myanmar, we continue exploring the ‘Top 10 emerging engines of growth’ as nominated by Business Monitor International and now land in Sri Lanka. My previous Sri Lankan article was based on the observation of the streets of the capital city Colombo through recent YouTube videos and focused on the domination of the Nissan Sunny and the success of the Maruti Alto similarly to neighbouring India.
I can now share with you overall car sales figures for Sri Lanka over the last few years and the growth is absolutely spectacular: down to 7,000 units in 2009, the Sri Lankan car market is up to 22,000 sales in 2010 and almost 60,000 in 2011! BMI says successful models in the country include the Tata Nano and that the Honda Brio should fit the local consumer’s tastes perfectly when it is launched there next year. BMI also reported that Chinese manufacturer Geely is thinking about a microcar alliance with the local Sri Lankan automotive industry, using the country as an export hub…
Check out more on the BMI website below.