SIAM requests GoI to include auto spares in Line of Credit to Sri Lanka

India has recently announced $1-bn line of credit to Sri Lanka to help the country tide over the current economic crisis

Auto industry body, Society of Indian Automobile Manufacturers (SIAM), has requested the government of India to allow inclusion of spare parts, tyres and lubricants used in vehicles in the credit line to Sri Lanka.

India has recently announced $1-billion line of credit to Sri Lanka to help the country tide over the current economic crisis. This includes food, medicines and other essentials.

Till Sri Lanka suspended imports of completely built vehicles in May 2020, the neighbouring country was an export destination for manufacturers. While Tata Motors has been exporting kits to its distributors, others including TVS Motor and Mahindra and