FT
Friday Nov 08, 2024
Thursday, 4 October 2012 01:35 - - {{hitsCtrl.values.hits}}
Japan’s leading automaker Mitsubishi Motors Corporation (MMC) President Osamu Masuko recently made a historic three days visit to United Motors Lanka Plc (UML) to recognise the latter’s excellence in sales.
Masuko’s visit to Sri Lanka is the first-ever by an MMC President since UML entered into a distributor agreement with MMC as the sole distributor for brand new MMC vehicles in Sri Lanka in 1985.
Masuko’s visit to Sri Lanka is an acknowledgement of the long-standing relationship maintained between UML and MMC, and the importance of Sri Lanka as a market for MMC vehicles. The visit further recognises the excellent sales standards that UML upholds as the largest supplier of permit vehicles in Sri Lanka.
Despite setbacks caused by additional import costs arising from the depreciation of the rupee and other negative factors, the past financial year saw UML doubling the sale of MMC vehicles to record a historic turnover in excess of Rs. 8 billion, the best achieved by the company since its inception.
UML expanded its Mitsubishi Motors portfolio during the 2011/2012 financial year by adding the highly anticipated new Lancer Evolution RS as well as the latest Montero Sport.
A red carpet reception was held at the Cinnamon Grand hotel in honour of Masuko’s visit where he met with top executives of UML. Also, another reception was held at the Galle Face Hotel where he met with the Japanese Ambassador to Sri Lanka, Nobuhito Hobo and Sri Lanka’s leading businessmen and professionals.