Wednesday Mar 11, 2026
Wednesday Mar 11, 2026
Wednesday, 11 March 2026 01:17 - - {{hitsCtrl.values.hits}}
Commercial Bank Assistant General Manager – Personal Banking Kapila Liyanage, and Ideal Motors Director – Legal and Corporate Affairs Nimisha Welgama exchange the agreement in the presence of representatives of the two companies
Driven by its commitment to enhancing customer lifestyles and making quality mobility solutions more accessible, the Commercial Bank of Ceylon has entered into a strategic partnership with Ideal Motors Ltd., to promote the Mahindra XUV 3XO passenger vehicle, through a joint promotional campaign.
Under this collaboration, Commercial Bank will offer attractive leasing facilities to part-finance the purchase of Mahindra XUV 3XO vehicles, supported by preferential interest rates, concessions on documentation charges and a complimentary credit card with the first year’s annual fee waived. These facilities will be available through the Bank’s island-wide branch network.
Ideal Motors Ltd., will complement the bank’s financing offer with a range of exclusive customer benefits, including a special discount on the vehicle, free registration, a 10% discount on spare parts, and the first three services labour-free.
The promotional campaign will be conducted until 28 February 2027, providing customers with the flexibility to plan their purchase and structure repayments according to their individual income patterns. The leasing packages are designed to offer affordable rentals while allowing customers to benefit from special rates and cost concessions across both financing and ownership-related services.
As a pioneer in providing innovative and customer-centric leasing solutions, Commercial Bank continues to collaborate with reputed vendors to deliver value-added offerings. This partnership with Ideal Motors reflects the bank’s commitment to enabling both existing and new-to-bank customers to access attractive leasing options that support their aspirations of owning a new vehicle, the bank said.
Customers participating in the promotion benefit from a comprehensive package that combines competitive financing terms from Commercial Bank with significant upfront and ongoing cost savings from Ideal Motors, making the Mahindra XUV 3XO a compelling proposition in the passenger vehicle segment.
