Skoda Auto to Re-Enter Sri Lankan Market
February 20 2020 - 9:16AM
Dow Jones News
By Jessica Sier
Czech car manufacturer Skoda Auto said Thursday that it will
re-enter the Sri Lankan market after 17 years as part of parent
company Volkswagen AG's international expansion strategy.
Skoda, which is fully owned by Volkswagen, plans to open a
showroom in Colombo in May with four vehicles.
The move complements Volkswagen's India strategy, which has
enabled Skoda to develop vehicles for both Indian and Sri Lankan
customers.
Skoda will be collaborating with IWS Automobiles as an importer
and trading partner.
Write to Jessica Sier at jessica.sier@wsj.com
(END) Dow Jones Newswires
February 20, 2020 09:01 ET (14:01 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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