August 15 (LBO) – Sri Lankaâ€™s fuel efficient small car market is racing ahead, helped by high oil prices and prohibitive taxes on larger cars. So, customers are willing to wait.â€
Despite the lack of economies of scale available to China and India, the company is making inroads in to the small car market.
Leading the pack is the Maruti, a product of an Indian joint venture of Japanâ€™s Suzuki Motors.
The car, imported to Sri Lanka by Associated Motorways, has held pole position for several years.
Officials say AMWâ€™s turnover rose by 114 percent last year, largely thanks 5278 Maruti units it sold in 2005.
Each month AMW sells about 400 Marutis.
The hottest selling is the Maruti 800, a tiny petrol driven car, with air conditioning, but it also has a larger models 1000 cc Zen model.
The standard car is priced around 850 thousand Sri Lanka rupees and is fuel efficient.
At a time when fuel prices are going up every two months, this is a boon to its owner.
My Maruti does 18 kilometres a liter in city traffic with air conditioning, says Sameera Wijesiri, who bou