Carmart retains MTI to strategize the legacy of the family business
Carmart, one of Sri Lanka’s pioneering auto businesses, has retained the services of MTI Consulting to chart the group’s strategic direction and to gear the business to capture the opportunities that the Sri Lankan economy will offer the transportation sector in the next 5 to 10 years. Carmart was founded in 1948 by late Mr. Clarence P. Amerasinghe, who began by importing used Peugeot and Volkswagen cars. In 1953, the company obtained official agreements and became the authorized distributor in Sri Lanka for the brands. This family owned business had evolved over the past six decades and has established its legacy not only in the Sri Lankan market, but also in the Asian region as the oldest importer for Peugeot. Today Carmart is the Sri Lankan authorized importer, authorized repairer, and spare parts distributor for Peugeot and Mazda, and has just commenced working with Sinotruk, China’s largest export-market manufacturer of heavy vehicles. Director and CEO of Carmart, Yasendra Am...