ComBank promotes new energy vehicles via leasing promo with Evolution Auto

Friday, 9 May 2025 00:00 - - {{hitsCtrl.values.hits}}

Commercial Bank Assistant General Manager – Personal Banking and Retail Products Development Kapila Liyanage (left) exchanges the MoU with Evolution Auto Group CEO Virann De Zoysa in the presence of representatives of the two companies

The Commercial Bank of Ceylon has announced its support for accelerating the transition in Sri Lanka to new energy vehicles by launching a collaboration with Evolution Auto, a specialist in multi-brand electric mobility solutions.

The bank has undertaken to offer attractive special leasing options and benefits to Evolution Auto customers till the end of 2025 covering the full range of electric vehicles sold by the latter, and Evolution Auto has confirmed it will offer discounts of up to Rs. 1.5 million on the vehicles leased via Commercial Bank under this strategic partnership.

The special offers flowing from the promotion cover the full electric passenger and commercial vehicles range offered by Evolution Auto Ltd., including KYC V7, KYC V5, Riddara AIR, Riddara Pro, Radar Horizon Pro, Riddara Horizon Pro with Sunroof, and AVATR 11.

Besides attractive lease rentals made possible by lower rates of interest, customised payment plans, and expedited processing of applications, Commercial Bank has agreed to consider all leases granted under this promotion as Green Leases, making them eligible for the benefits offered in that category.

Commercial Bank offers one of the lowest rentals on vehicle leases – Rs. 1,598 for every Rs. 100,000 for a seven-year lease under the bank’s Super Leasing facility.

Commercial Bank leasing customers have the option of tailor-made leasing facilities that suit individual income patterns, via the bank’s Super Leasing and Hybrid Leasing facilities.

The bank’s Super Leasing facility enables customers to purchase personal use vehicles at lower rentals with a residual as the last rental, while offering flexible repayment facilities and lower early settlement fees. The Hybrid Leasing facility also provides customers an opportunity to purchase high-end personal use vehicles at lower rentals, by paying interest only for the first year, a standard rental for the rest of the lease period, and the residual as the last rental.

A pioneering joint venture between Atman Group and Sino Lanka Private Ltd., Evolution Auto’s mission to introduce advanced electric mobility solutions seeks to transform the way Sri Lankans commute, promoting environmental sustainability and economic growth. Incorporated with a vision of improving sustainable mobility, Evolution Auto has partnered with some of the world’s most renowned electric automobile brands including Mahindra Treo, Ather Electric Scooters, and Revolt Electric Bikes.

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