Business Times

KIA Motors (Lanka) to invest Rs 1 billion on service facilities

KIA Motors (Lanka) Ltd is planning to invest Rs 1 billion over the next three years to expand service infrastructure in Sri Lanka, following phenomenal sales and the growing demand and popularity of its vehicles, company officials said.

Three more service stations will be set within the Colombo metropolitan region in addition to their current service station at Union Place in the heart of Colombo. Their second service station is now being built at Battaramulla, Pelawatta at a cost of Rs.250 million. The facility will be opened by June 2012, Mahen Thambiah, Managing Director of KIA Motors (Lanka) Limited said.

Referring to sales of KIA sport utility vehicles (SUVs), he disclosed that ‘Sorento’ and ‘Sportage’ exceeded 1,500 units in the first six months of this year making the design-driven Korean brand one of the most popular in the new vehicle segment.

There was great demand for all models including the 2011 KIA Optima luxury sedan previewed in Colombo in May. Two new models, the new Rio mid-sized hatchback and the five-door compact Picanto, are eagerly awaited by a fast-expanding KIA fan base, Mr Thambiah said.

He disclosed that KIA Motors had options on several new sites for service facilities to support the increased flow of KIA vehicles in to the country. With work on the second facility already commenced, the expansion plan would be in two stages and represents a significant value addition for KIA customers in Sri Lanka.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Some plantation firms plan exits or joint ventures
CB rules clear, but some directors want to stay on
CSE best performing bourse: Is it real?
Auto plant from Mahindra
Troubled Suntel wins ‘Best company to work for’ award
Struggle of GK depositors continues
COMMENT - Professional governance vs political governance
Urban evictions: Protecting the vulnerable in post-election Colombo
Housing for low income shanty dwellers in Colombo
RAM deems Prime Grameen Micro Finance 'B-' / Stable
New luxury train service
Sri Lankan inventors, creators seeking patents urged to be patient
ODEL supports four causes with ‘Charity Weekends’ in October
BOI reorientation to be completed soon
Training course on Capacity Development for Young Researchers in Sri Lanka-SLAAS
Sri Lanka to supply rice to the world
Dankotuwa increases focus on Asia
Dialog Enterprise strikes deal with Stafford Motors
10% of intake to SL medical faculties are foreign students
ICASL offers a 'balanced' view of companies
Two HIV cases per week, Lankan biz leaders urged to acknowledge magnitude of problem
Janashakthi launches livestock insurance scheme
United Air Services represents United Continental Holdings
CBL-Ritzbury launches awareness campaign on Sri Lankan Wetlands
EXCO of the Sunday Times Business Club (STBC)
FCCISL and ILO re-launches Kilinochchi chamber
Icy European headwinds for domestic equities
Colombo waterfront lands adjoining Beira Lake up on lease on instalment cum upfront payment
Inflation falls in Sept, exports up in July
Colombo bourse shows gains while regional markets fall
SL Cyber Security Week 2011 to kick off with Hacking Challenge
Using mobile communication to bank with Asia's poor billions
Mixed sentiments this week, some investors paranoid
Ethics in the capital market; role of corporate governance
Sri Lanka's EZY Racing to become Rs. 100 mln venture by 2015
Hybrid cars gain popularity -survey reveals
Panamera Model Range extended in Sri Lanka
On the road: DIMO’s new Jeep Grand Cherokee
KIA Motors (Lanka) to invest Rs 1 billion on service facilities
All-new Kia Picanto being marketed locally

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution