HNB Deputy General Manager Retail and SME Banking Sanjay Wijemanne (fourth from left) exchanges MoU with Ideal Group Founder and Chairman Nalin Welgama (third from left) in the presence of (from left) Ideal Motors Head of Sales Dilshan Thennakoon, Ideal Motors Head of Admin Malaka Vehalla, HNB Head of Personal Financial Services Kanchana Karunagama, HNB Head of Leasing Niluka Amarasinghe, HNB Head of Microfinance Vinodh Fernando, HNB Assistant Manager Leasing Roshan de Silva and HNB Assistant Manager Business Development Leasing Mahesh Ratnayake

Sri Lanka’s leading private sector bank Hatton National Bank (HNB) has once again renewed its partnership with Ideal Motors (Pvt.) Ltd to promote and offer financing solutions for Mahindra automobiles and generators. 

A special ceremony was hosted at HNB Towers in the presence of HNB Deputy General Manager Retail and SME Banking Sanjay Wijemanne and Ideal Motors Chairman Nalin Welgama to sign the memorandum of understanding (MoU). 

The continued partnership between the two leaders in Sri Lanka’s banking and automobile industries will undoubtedly facilitate customers looking to purchase any Mahindra vehicle or generator with guaranteed personalised services in leasing and maintenance.

Customers will be able to receive a full life insurance cover worth up to Rs.4.5 million together with attractive discounted vehicle insurance premiums. This exclusive collaboration also allows the two corporate giants to share their customer bases, who will in turn receive the lowest interest rates in addition to other benefits.

“Despite the uncertainties we faced over the past two years due to the pandemic, the leasing market has seen a positive incline. This is mainly due to the value additions we extended to our customers and the hard work and dedication of our staff. Most importantly, we are excited to be joining hands with Ideal Motors, which has made an impact in the automobiles and generators market with the Mahindra brand. We hope that our mutual customer base will make use of this great opportunity to obtain the most affordable leasing options available, allowing them a chance to own a vehicle that they want,” commented Wijemanne at the event. The renewed alliance gives customers the opportunity to take advantage of free registration for all new Mahindra vehicles and generators through Ideal Motors and attractive leasing opportunities from HNB, in addition to other benefits offered through the partnership. Customers will also receive the benefit of a ‘prestige prime’ credit card from HNB, which will offer unbeatable discounts on various automobile products.

“Our partnership with Mahindra has established us as market leader and household name in Sri Lanka. We look forward to expanding our facilities over the year to carter to the growing demand for Mahindra vehicles and we are certain that our collaboration with HNB to showcase our products will be successful,” said Welgama.

Customers can obtain further information on this partnership and offers through HNB customer centres and Ideal Motors showrooms islandwide.