The TVS King will be priced at 6,91,850 Lankan Rupee and will be retailed across Abans Auto's over 200 showrooms and appointed dealers in locations in Sri Lanka.
India is already the exclusive manufacturing hub for the 5-8 litre, medium-duty Euro VI engines for automotive applications for Volvo's home base in Europe.
Under GST, a government-appointed panel has made provisions for dealers to only claim 60% input tax credit on spares which have been in stock for less than a year.
The statement added, "Ford remains committed to delivering world-class quality vehicles to its customers and this voluntary safety recall is part of that commitment."
June, however, could see a fall of up to 8 per cent, with dealers refusing to stock up until July 1, when GST will be rolled out.
Steffen Knapp succeeds Michael Mayer who recently took up the role of ‘Head of Sales and Marketing’ for Volkswagen Passenger Cars – China.
Munich based luxury car maker BMW Group India sold 3,533 units between January and May this year, after registering 14% growth in 2016, with sales of 7,800 units.
Tesla's CEO Musk calls for temporary relief on import curbs till a local factory is built
Musk said he is in talks with the Government of India regarding temporary relief on import restrictions until a local factory is built in country.
The price benefits are to decisively lure buyers who may put off purchases until July given the uncertainties existing around the impact of GST on vehicle prices.
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