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The Board of Investment of Sri Lanka granted
investment approval to W T L Automobiles
(Private) Limited for a project to assemble
motor vehicles for the local market.
W T L Automobiles (Private) Limited
signed the agreement to assemble vans in the
same class as the Hiace. The vehicles
assembled in Sri Lanka will be sold under
the trade name WTL. The venture will utilize
parts imported from China as well as parts
manufactured locally in the assembling
process.
W T L Automobile has successfully
assembled a sample WTL van and has had
successful test runs. Construction of the
assembling plant will start immediately and
expects to commence commercial operations
within 6 months.
The plant will be semi automated and the
equipment will be imported from China. The
director said that they will be using a semi
automated process in order to utilize the
skilled labour available and to generate
more employment opportunities.
This project is an investment of Rs. 216
million that will generate 50 new employment
opportunities in the automobile industry.
The vehicle assembling plant of company will
be located in the Mirijjawala Industrial
Park in Hambantota.
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