In January 2003, United Motor Lanka Ltd and TVS Sons India entered into a Joint Venture agreement and TVS Lanka (Private) Ltd. was incorporated to handle the Two Wheeler Operation and with the launch of the Three Wheeler the Three Wheeler operation was also handed over to TVS Lanka by TVS Motor Co. Ltd., India, United Motors Lanka Ltd. (UML) is the largest Automobile Company in Sri Lanka and the local distributor for Mitsubishi Motor Co, Japan, Valvoline range of automotive lubricants, Yokohama tires and more. In 2001 UML set a world record for vehicle sales by achieving a market share of 47%. Today, United Motors continues to be the market leader for motor vehicles.