People’s Leasing initiates innovative leasing partnerships with DIMO for Tata Vehicles

On this occasion People’s Leasing was represented by A. Sabry Ibrahim CEO/GM and Senior Management, DIMO was represented by Vijitha Bandara (Director) and senior management

Sri Lanka’s leading non-bank finance company People’s Leasing & Finance PLC (PLC) exclusively tied up with Diesel & Motor Engineering PLC (DIMO) for promoting TATA Commercial Vehicles. In this special occasion on behalf of PLC, Sabree Ibrahim (CEO/GM), Lionel Fernando, Damith Malavitanthila and Laksanda Gunawardane (DGMs – Operations) and on behalf of DIMO Vijitha Bandara (Director), Nalinda Kurukulasuriya (GM – TATA Commercial Vehicle Sales), Sampath Kumarasinghe (DGM – TATA Commercial Vehicle Sales) were participated for signing of the MOU. 

Under the leasing partnership with DIMO will offer customers free registration for selected Tata Commercial Vehicles. 

In return PLC offers DIMO customers a special interest rate and a lease period for five years with according to customer’s repayment capacity and a free full tank of fuel at the time of releasing the selected Tata Vehicle to the customers. Promotions will be on till 21 February 2018. 

People’s Leasing Company was commissioned in 1995 as a wholly owned subsidiary of the biggest state bank in Sri Lanka, the People’s Bank. PLC is currently the market leader in the non-bank finance sector in Sri Lanka.

Fitch Rating Lanka has assigned PLC a credit rating of AA-(lka) which makes PLC the highest rated finance company in the country. PLC is the only Sri Lankan finance company to have two international ratings of which one is equal to the Sovereign from Standard & Poor’s (‘B+/B’) and the other is one notch below the Sovereign from Fitch Rating International (‘B’).  

PLC’s financial service product portfolio includes; leasing, fixed deposits, saving accounts, personal and business loans, margin trading, factoring and Islamic financial services. 

People’s Leasing conglomerate consists of five subsidiaries namely, People’s Insurance PLC, People’s Microfinance Ltd., People’s Leasing Property Development Ltd., People’s Leasing Fleet Management Ltd. and People’s Leasing Havelock Properties Ltd.

The uniqueness of PLC is its strength and the stability to provide diverse financial solutions under one roof to its customers, thus enabling the customers to obtain customer friendly services.

DIMO is the market leader in the commercial vehicle segment in Sri Lanka. Tata Motors India and DIMO have a strong relationship spanning 56 years, and Tata commercial vehicles have played a vital role in the daily lives of many Sri Lankans. DIMO – Tata currently operates with more than 40 branches across the country to offer Tata Sales, Service and Genuine Spare Parts and provides 24-hour roadside assistance to Tata customers across Sri Lanka.