Monday, October 24, 2011

DIMO (Sri Lanka) says Tata Nano demand in surplus

Diesel & Motor Engineering PLC (DIMO) is struggling to supply its latest TATA Nano cars to the Sri Lankan market with officials saying they cannot cater to the surplus demand.“We have booked 600 cars and Tata in India is struggling to send them as they are unable to meet the demand. These cars are moving so well and the demand is really high," Ranjith Pandithage, Chairman/CEO DIMO told the Business Times.

TATA Nano was commercially launched in India on March 2009 and in June in Sri Lanka. “It offers an incredibly spacious passenger compartment which can comfortably seat four adults and is priced at Rs 800,000 to Rs 1 million,” Mr. Pandithage added.

With the current tourism boom, DIMO will be eyeing the transportation sector. “DIMO has plans to expand into the leisure sector with transport logistics,” Mr. Pandithage said. He also said that DIMO’s Driver Training Centre at Suriyawewa worth Rs.250 million will be ready by February next year. Noting the company’s expansion plans, Mr. Pandithage added that the land in front of DIMO head office at Jetawana Road, Colombo 14 which they own will be turned into a commercial vehicle facility. “We bought a land at Thotalanga, Colombo 14 (the former Ferntea Company land) at nearly Rs. 680 million to put up a state-of-the-art showroom service centre and are park for TATA passenger as well as Mercedes Benz cars. It’ll house our showrooms and sales facility,” he said.

He said their Bosch Centre at Bloemendhal Road worth Rs. 250 million will also be ready by next year. He added that DIMO will start their ‘3S’ (Sales, Service and Spare parts) Centres in Trincomalee, Jaffna and Kilinochchi by next year.

Source: Sunday Times (Sri Lanka)

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