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Ather launches second product Rizta as Lankans upgrade to tech-led two-wheelers

Daily FT

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December 02, 2025

ATHER has launched its second product, the Ather Rizta, positioning itself in the Rs. 600,000 to 800,000 range, which is currently the fastest growing segment in the local scooter market.

Sri Lanka’s two-wheel-er market is entering a reset phase. After years of import restrictions and a flood of low-cost electric models, the country is now seeing a shift in consumer preference towards upgrading to better-built, long-term reliable vehicles. This trend mirrors what has played out in categories such as smartphones and used cars, where buyers have steadily moved from basic, price-driven options to feature-rich, premium products.

That same sentiment is beginning to surface in electric mobility. Riders, especially in urban centres like Colombo and Galle, are showing a growing willingness to pay for quality, performance, and technology rather than simply the lowest upfront price. For manufacturers, this marks a decisive transition point: the market is small in absolute numbers but is maturing faster than expected.

Until recently, Sri Lanka’s electric twowheeler (E2W) market was dominated by entrylevel imports that offered basic features, limited durability, and compromising battery performance. While these vehicles created initial awareness, they also left many consumers sceptical about battery reliability, servicing, and real-world performance. As a result, Electric Vehicles (EVs) were often viewed as a compromise compared to petrol scooters.

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Daily FT

Daily FT

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time to read

1 mins

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Daily FT

Daily FT

India bowler sanctioned for breaching ICC Code of Conduct

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time to read

1 min

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Daily FT

Secured Transactions Registry: Role of financial institutions

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time to read

5 mins

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Daily FT

Namal pledges salary, allowances to assist children

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time to read

1 min

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Daily FT

Daily FT

National campaign begins to combat gender-based violence in Sri Lanka

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time to read

5 mins

December 05, 2025

Daily FT

Union Assurance becomes first insurer to earn YouTube Silver Play Button

UNION Assurance has achieved a milestone in its digitalisation journey by being awarded the YouTube Silver Play Button, recognising the Company for surpassing 100,000 subscribers on its official channel.

time to read

1 mins

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Daily FT

Daily FT

Who decides what ‘Rebuilding’ looks like after Ditwah?

CYCLONE Ditwah’s unforgiving force has claimed hundreds of lives and left entire landscapes unrecognisable. As Sri Lanka grapples with the scale of loss, attention has turned to the architecture of its recovery effort, and to questions about whether that architecture is fit for purpose.

time to read

4 mins

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Daily FT

Daily FT

Sri Lanka beat Bangladesh to share U17 three-day series one-all

A superb rearguard action by Bangladesh saw them avoid an innings defeat at the hands of Sri Lanka in the second Under-17 three-day match played at Bashundhara yesterday.

time to read

1 min

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Daily FT

ComBank partners Browns to modernise agriculture by empowering farmers

THE Commercial Bank of Ceylon has entered into a strategic partnership with Brown & Company PLC to make modern agricultural machinery and technology more accessible to Sri Lankan farmers and agri-entrepreneurs as part of the Bank's commitment towards SME empowerment initiatives and inclusivity.

time to read

1 mins

December 05, 2025

Daily FT

Daily FT

Hatch's first “GRIT Accelerator” concludes, supporting Female entrepreneurs in North

HATCH Innovation has marked the conclusion of the first cohort of seven female-led startups from Sri Lanka’s Northern Province under the GRIT Business Accelerator Program with a “Demo Day” on the 25 November 2025 at HatchWorks in Colombo, where the entrepreneurs showcased their products and businesses to a range of stakeholders including investors, ecosystem builders and market linkage supporters.

time to read

2 mins

December 05, 2025

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