Japanese EV maker Terra Motors enters Sri Lankan market
Posted by Unknown on Saturday, September 27, 2014 | 0 comments
Terra Motors Corporation, Japan’s leading electric two- and three-wheeler developer and manufacturer, has entered into an exclusive partnership with Sri Lanka’s Brown & Company PLC. The Sri Lankan company is one of the country’s oldest diversified conglomerates, currently operating in seven key industry sectors. It has 35 showrooms and 200 dealers in Sri Lanka.
Toru Tokushige, CEO of Terra Motors, said, “There are lots of advantages to use electric vehicles in Sri Lanka, which is an eco-friendly and tourism-oriented island country. We would like to contribute to create a sustainable society in Sri Lanka, by promoting hi-quality electric vehicles with the excellent partner, Browns.”
“Through this partnership, we will not only introduce a cost-effective mode of transport into the industry, but also a pollution-free vehicle. We are quite excited to work together with Terra Motors on this initiative, and look forward to the launch,” said the CEO of Brown & Company PLC.
Autocar Professional had earlier reported that Terra Motors plans to introduce an electric three-wheeler in the Indian market around October this year. It is believed the company will undertake contract manufacturing for the product with a Rajkot-based manufacturer.
