Home / Motor/ ComBank and Ideal Motors offer special deal on lease of Mahindra commercial vehicles

ComBank and Ideal Motors offer special deal on lease of Mahindra commercial vehicles

Comments / {{hitsCtrl.values.hits}} Views / Monday, 25 February 2019 00:00


The Commercial Bank of Ceylon and Ideal Motors Ltd. have joined hands to offer attractive discounts, reduced lease rentals and other benefits to customers leasing Mahindra branded commercial vehicles. 

The discounts offered by Ideal Motors will be applicable until 31 March under this promotion supported by Sri Lanka’s benchmark private bank with competitive lease rentals.

Lease rentals start as low as Rs. 2,300 for every Rs. 100,000 for a five-year lease, with three-year and four-year leases also assured of a reduction on published lease rentals, the bank said. A hassle-free process, speedy approvals and customised rentals to match income patterns are among the attractive features of leasing offered by Commercial Bank. 

Ideal Motors has been the sole authorised distributor for Mahindra motor vehicles and motorcycles manufactured by Mahindra & Mahindra Company Ltd., since 2009. It is a fully-owned subsidiary of the Ideal Group which has core business interests in motor franchise imports and motor spare parts in Sri Lanka.

To date, Ideal Motors has sold over 65,000 Mahindra vehicles in Sri Lanka which the company says is a unique achievement in such a short span of time. Ideal Motors has achieved a market share of over 50% in the Light Truck category, competing against major players who dominated the market for many decades. Ideal Motors offers the entire range of Mahindra vehicles from a two-wheelers to trucks, buses and earth masters as well as generators.

The promotion with Commercial Bank covers the full range of light, medium and heavy duty trucks, double cabs, tippers and buses and all vehicles conform to EURO4 standards. More details on the promotion can be obtained from Commercial Bank branches island-wide.

The only Sri Lankan bank to be ranked among the world’s top 1,000 banks for eight years consecutively, Commercial Bank operates a network of 266 branches and 830 ATMs in Sri Lanka. The bank has won multiple international and local awards in 2016 and 2017 and over 40 international and local awards in 2018.

Commercial Bank’s overseas operations encompass Bangladesh, where the bank operates 19 outlets; Myanmar, where it has a Representative Office in Yangon and a microfinance company in Nay PyiTaw; and the Maldives, where the bank has a fully-fledged Tier I bank with a majority stake.

Share This Article

Facebook Twitter


1. All comments will be moderated by the Daily FT Web Editor.

2. Comments that are abusive, obscene, incendiary, defamatory or irrelevant will not be published.

3. We may remove hyperlinks within comments.

4. Kindly use a genuine email ID and provide your name.

5. Spamming the comments section under different user names may result in being blacklisted.


Today's Columnists

Disregard of governance principles by political leadership should come to an end

Monday, 27 May 2019

In this uncertain world, there is one thing about which Sri Lankans can be absolutely certain. That is, they can be pretty sure that they would wake up every morning to news of gross disregard of good governance principles by the country’s politica

Appointment in ‘Kattankudy’

Monday, 27 May 2019

This essay is an excavation of the roots of mindless rage that burst out of the town of Kattankudy in the Eastern Province. It holds a truth that needs to be told. In his short story ‘Appointment in Samara’, Somerset Maugham retells a 9th Centur

Tawheed is not a misdeed but dirtied by the extreme

Saturday, 25 May 2019

A singular and specific victim of the whole macabre incident of the 21 April Easter Sunday bombings by terrorists in Sri Lanka from a standpoint of Muslims was the maligning, tarnishing and distorting of a term indispensable, necessitous and fundamen

17 things ‘Avengers: Endgame’ teaches us about the state of our superheroes

Friday, 24 May 2019

Art imitates life. Even movies do. Maybe especially so. In these lean times, there’s nothing like a little laughter to stop the press, stem the blood pressure, ease that stress in life. So here goes. Trust you’ll take these tongue-in-cheek. Or pe

Columnists More