Sri Lanka Bikes Market place was declining just after hitting the all-time file in 2015. On the other hand, when the federal government banned import motor vehicles, the sector crashed down. The import restart is predicted this calendar year.
With around one particular fourth of a million new motorcycles offered for each calendar year, in 2020 the Sri Lankan bikes industry was one of the Leading 25 in the World and the 2-wheeler had been representing the primary unique mobility gadget for the nearby people.
Having said that, the market declining from the 2015 half a million record, due to the declining acquire energy and the greater price tag of financing. The place was not financial healthful, but the arrival of Covid was tremendous and the federal government, really short in income, determined to block import of hundreds items, which includes cars and trucks and bikes.
The consequence was to shift the new cars market near zero, as the vendor inventory finished, with buyers purchasing only pre-owned vehicles, which grow to be very unusual and costly.
Regretably this economic approach was not profitable, thinking of that Sri Lanka GDP was just one of the even worse around the globe in the previous 3 many years, declining above 3% in 2023.
Now, it looks that the govt is seeking at a new technique, and the re-opening of motor vehicles import is expected in the next months.
Current market Heritage
“The initial bike arrived in the island on January 20, 1903. Mr. C. Hahn of Messrs Bohirnger & Co. was the to start with man or woman to introduce the motor cycle to Ceylon. These early bikes ended up belt-driven from the motor to the rear wheel and experienced only one particular pace and pedals were employed to start it. The to start with motorcycle experience to Kandy and back again was undertaken by Mr. Fred Nell, the founder of Colonial Motors on a ‘Noble’ equipment. His journey from Colombo to Kandy and again in one day was a good achievement”.
English made motorcycles were very popular and had been imported by Sri Lanka users in the 1960’s far too. English makes specifically Norton, BSA, Royal Enfield and Triumph bikes ended up very well-liked listed here till the 1960’s. These English bikes had gear shifting lever situated in the right side of the engine. They had choke and half compression facility for quick kick-start off. Some designs had equipment levers that had been operated by hand.
Later on Japanese built Honda bikes ended up launched in Sri Lanka by 1970’s. At to start with the tiny Honda bikes with a lot less seem and gear transforming levers on the still left facet did not bring in a great deal consideration versus the British styles. Later when the Governing administration allowed importing of utilized bikes from Japan, the Honda’s 90cc motorcycles (Super Cub and Postman Bikes) became a strike in Sri Lanka. People today have been looking for a lot less priced motorbikes from Japan with distinctive motor capacities. Right after this, Yamaha, Kawasaki, Suzuki and other companies began to open their marketing and advertising expansion in this article in Sri Lanka.
Aggressive Landscape
Honda took the guide in the sector in the seventies and bolstered it with the partnership with the Indian Hero. In much more modern several years Japanese manufacturers have left space to Indians and the current market grow to be a feud of Bajaj Vehicle, which in the 2014 hit an amazing document of 80% industry share, actually declined at some a lot more than 60%.
Some others Indian brands are on top rated of gross sales, like TVS (with the Apache pretty common), Hero, Mahindra (in fact declined) and Royal Enfield. All Japanese are represented although KTM – thanks to the partnership with Bajaj and with autos arriving from India – is the chief amid the premium brands. BMW was in a position to supply neighborhood law enforcement office in a place had been the cc restrict for highway use is 250cc.
