HNB Leasing recently hosted a unique forum that brought together a diverse group of high-net-worth clients, business leaders, and industry influencers to discuss the future of Sri Lanka’s motor vehicle industry. The forum, held by HNB PLC—the country’s largest private sector retail bank—took a close look at the trends and challenges that could shape the market as we approach 2025.
The evening began with a keynote address by Duminda Hulangamuwa, Chairman of the Ceylon Chamber of Commerce and Senior Economic Policy Advisor to the President. His talk set the tone, focusing on both the current economic climate and what the future might hold for the automotive sector in Sri Lanka.
Following the keynote, a lively panel discussion unfolded under the moderation of Daily FT Editor and CEO Nisthar Cassim. The panel included:
- Duminda Hulangamuwa – Chairman, Ceylon Chamber of Commerce; Senior Economic Policy Advisor to the President
- Murtaza Jafferjee – Chairperson, Advocata Institute
- Shiran Fernando – Chief Economic Policy Advisor, Ceylon Chamber of Commerce
- Damith Pallewatte – Managing Director/CEO, HNB
- Shiromi Jeewamala – Motor Vehicle Information, Communication, and Technology (ICT) Commissioner
- Charaka Perera – COO, United Motors Lanka Group; Immediate Past President, Ceylon Motor Traders’ Association
During the discussion, panelists explored a wide range of topics—from the impact of regulatory reforms and the factors driving vehicle imports, to the future prospects of electric vehicles and sustainable transportation. The insights shared highlighted how strategic partnerships and informed policymaking could drive growth and innovation within the industry.
In essence, the forum served as an important gathering for stakeholders to exchange ideas and to chart a path forward in a rapidly changing market. As Sri Lanka faces new challenges and opportunities in the motor vehicle sector, events like this provide a crucial platform for discussion and collaboration.
Source: Daily FT