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Automakers wait and watch as crisis worsens 

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Top executives at Tata Motors, Bajaj Auto, TVS Motor and Mahindra Finance which have operations in Sri Lanka said it’s a challenging environment to do business but they remain committed to the Sri Lankan market, and are hoping that the situation will improve over the next 3-4 months, Times of India reported.

Experts said some companies may mull de-scaling operations or even pull out of the country if the situation doesn’t improve in the near to medium term.

The distributors said there has been a reduction in per day production as the political and economic crisis escalated in the country.

They said the ground situation is very different.

“We have to fend for ourselves and get foreign exchange to import kits and keep assembly lines running,” said Nalin Welgama,Executive Chairman of Ideal Group, a leading automobile dealer.

Import of vehicle kits is currently heavily restricted in Sri Lanka owing to the foreign currency shortage. Industry executives said that shipment of vehicle kits, including those of light commercial vehicles, trucks and buses, has declined sharply, as the country grapples with precariously low forex reserves and fuel shortage.

While Tata Motors has been exporting vehicle kits to distributors in Sri Lanka, others such as Mahindra & Mahindra, Ashok Leyland and TVS Motor have local assembly operations in the country.

“We have to go with the flow,” said Rakesh Sharma, executive director of Bajaj Auto.

“TVS, through its partnership with TVS Lanka, remains committed to the potential of the Sri Lankan market. While the current situation presents challenges, we are hopeful that they will be overcome,” said Rahul Nayak, vice president, international business, TVS Motor Company. “In the meantime we are committed to taking care of our existing customers with service and spare parts.”

Ramesh Iyer, vice chairman of Mahindra Finance, said the company is monitoring the situation and taking necessary precautions. “The situation in Sri Lanka has led to a natural slowdown in business operations. Our commitment to the Sri Lanka market is for the long term and we are hopeful that the situation will improve soon, he said.

People in the know said that with the collapse of the administration, there is very little financing activity at the NBFCs and most are instead giving loans against gold.

A spokesperson for Tata Motors said the company is hopeful that the country recovers from the crisis soon. The company sells a wide range of products in Sri Lanka–from the 750-kg Ace to the 45-tonne Prima trucks.

In January this year, the Sri Lankan government had approved the purchase of 500 buses from Ashok Leyland for its transport board. In August 2019, Mahindra & Mahindra had set up assembly operations in Sri Lanka with the Ideal Group to produce the KUV 100 mini sport utility vehicle (SUV) and Bolero Maxi pickup truck.



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Maintaining public trust is a fundamental responsibility of the Police Department – President

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Attending the passing out parade of the 82nd batch of the Special Task Force (STF) at the Katukurunda STF Training Camp in Kalutara on Monday (07), President Anura Kumara Disanayake emphasized the need for a progressive transformation within the Sri Lanka Police to ensure the rule of law, order and authority.

The President noted that the public places its trust in the Sri Lanka Police to uphold the supremacy of the law and maintaining that trust is a fundamental responsibility of the Police Department.

Addressing the newly commissioned officers, President Disanayake stated that how one serves and respects their profession is reflected in their career and urged the officers to embrace their professional duty in a way that contributes meaningfully to the transformative change the country requires.

Highlighting the current state of institutional breakdown in many sectors, the President pointed out that the people have already initiated change by altering the political authority, but reiterated that political transformation alone is insufficient. Instead, a comprehensive and positive transformation across all sectors is necessary for national progress.

The President further emphasized that new police officers carry the responsibility of meeting public expectations. He called on them to ensure public safety and security and to prevent the nation from falling prey to organized crime and drug-related issues.

He also stated that the younger generation must take responsibility for the motherland, bearing that duty on their shoulders and should strive to steer both their personal future and the future of the country in a positive direction.

President Disanayake concluded by saying that joining the regular service of the Sri Lanka Police today should be remembered by all as a significant and powerful step forward.

The President further noted that the service rendered by the Special Task Force (STF) on behalf of the public during times of emergency and disaster is highly commendable.

A total of 118 newly recruited Sub-Inspectors and 231 Probationary Police Constables who successfully completed their basic training graduated during the ceremony.

President Anura Kumara Disanayake awarded certificates and honours to officers who demonstrated exceptional performance during the training programme.

A commemorative token was also presented to President Disanayake, who attended the ceremony as the Chief Guest.

An operational demonstration by STF officers on a simulated battlefield was presented as part of the event.

Established in 1983 under the theme “Victory is Certain”, the Sri Lanka Police Special Task Force is currently recognized as a prestigious unit deployed for VIP protection, crime and organized crime suppression and narcotics control efforts aimed at building a drug-free nation.

The ceremony was attended by Minister of Public Security and Parliamentary Affairs Ananda Wijepala, Minister of Health and Mass Media Dr. Nalinda Jayatissa, Deputy Minister of Public Security Sunil Watagala, Secretary to the Ministry of Public Security Ravi Seneviratne, Acting Inspector General of Police Priyantha Weerasooriya, STF Commanding Officer Senior Deputy Inspector General of Police Samantha de Silva, along with other senior police officers, the parents of graduating officers and other invitees.

[PMD]

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Submission of gazette notifications for the concurrence of the Parliament.

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The Cabinet of Ministers approved the resolution furnished by the President, in his capacity as the Minister of Finance, Planning and Economic Development to submit the following notification / order / rule published in the government gazette notification to the Parliament for its concurrence:

• Notification on the revision of tax limit of luxury on motor vehicles under the Finance Act No. 35 of 2018 published in the extraordinary gazette notification No. 2421 / 41 dated 31.01.2025.

• Rule issued under the Production Levy (Special Provisions) Act No. 13 of 1989 on revision of production levy rate for vehicles operated with electricity published in the extraordinary gazette notification No. 2421 / 42 dated 31.01.2025

• Order issued under the Finance Act No. 25 of 2003 on extension of the period on which the 50% relief is active which is given to the deviation levy published in the extraordinary gazette notification No. 2421 / 30 dated 31.01.2025

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Cabinet approval to prepare new Act for securing the rights of plant species

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Although there are legal provisions for the right to publish, technical planning, right of patent, trademarks and enterprises etc, in the Intellectual Property Act No. 36 of 2003, there are no provisions for securing the rights of plant species (relevant to breeders, researchers and farmers).

In addition, no patents can be issued for flora and fauna according to the provisions of the intellectual rights act. Therefore, approval of the Cabinet of Ministers was granted at their meeting held on 22.05.2024 to introduce a new act for securing the rights of plant species.

Wherefore, the Legal Draftsman has pointed out that policy approval of the new Cabinet of Ministers should be taken to complete the drafting of the new flora species rights securing act.

Accordingly, the Cabinet of Ministers granted approval to the proposals submitted by the Minister of Agriculture, Livestock, Lands and Irrigation for the preparation of the said draft bill.

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