AMW Capital Leasing and Finance ready for expansion

Monday, 24 June 2013 00:00 -     - {{hitsCtrl.values.hits}}

Registering an annual asset growth of 30% over the past few years, AMW Capital Leasing and Finance is all set to embark on a major expansion drive, opening up five new branches in Colombo and its suburbs by end this year. Aspiring to spread their operations in some of the major cities in the selected area, the first branch for the year was opened in Kiribathgoda last week and will soon be followed by another branch in Kalutara. Setting up operations at No. 101, Kandy Road, Kiribathgoda, the company expects to be part of, and capture the increasing consumer demand in the locale. There has been tremendous growth in Kiribathgoda during the recent past and the momentum surely will continue, AMW Capital Leasing General Manager Pramuditha Mendis said. “During the last few years Kiribathgoda has emerged as one of the key fast growing markets in the country. It has also been noted as a high density area. AMW Capital Leasing and Finance is geared to work with this demand and help with the economic growth, catering to the needs of our customers while expanding our network within the country.” The core business lines of the company – finance leasing, hire purchases, auto loans, working capital loans, operating leases, micro-finance and deposits mobilisation will be available for customers in Kiribathgoda. Exploring strategic alliances, the company has extended its portfolio to service both AMW products and non-AMW products. “This we believe is one of our key strengths,” Mendis said. As agents of a range of vehicle brands from the lower end to the highest, the strength of the company comes from its main shareholder, Associated Motorways Ltd. (AMW), the largest and the oldest automotive dealer in the country. Through this advantageous positioning, AMW Capital Leasing and Finance is able to provide fast and efficient services to those who desire motorcycles through Yamaha, self employment by promoting Piaggio, family vehicle through Maruti – ranking at the top in the most popular vehicle in the country, and high end comfort through Suzuki, Renault, and Nissan. “Though we are a relatively new player in the market, we have been able to gain popularity among leasing customers within this short span of time due to the perceived value they receive – from the extremely fast service, friendliness, competitive pricing and other value added services. The company benchmarks on providing financial facilities within four hours.” He noted that AMW Capital Leasing and Finance is a one-stop-shop providing vehicle selection, insurance and financing under one roof. The company also provides the most attractive and affordable monthly rental and requires the least documents to process a transaction. The customers who avail leasing services from the company are offered range of benefits including special discounts on AMW brands of vehicles, insurance and other services. The customers will have the option to upgrade the vehicle at any given time during the lease period.