HNB joins Hayleys Fentons to boost EV adoption through flexible leasing solutions

Wednesday, 24 December 2025 03:22 - - {{hitsCtrl.values.hits}}

From left: Bank Associate Chamal Siriwardena, Assistant Manager – Leasing Viraj De Silva, Product Manager – Leasing Mahesh Ratnayake, Vice President – Leasing Udara Pathinayake, HNB Senior Vice President/Head of Retail Banking Kanchana Karunagama, Senior Executive Vice President/Chief Operating Officer Sanjay Wijemanne, Hayleys Fentons Managing Director Hasith Prematillake, Director – Business Development Roshani Dharmaratne, General Manager – Finance Panduka Rathnayake, and Assistant General Manager – EV Suraj Chularathne

HNB PLC, has joined Hayleys Fentons to power Sri Lanka’s EV transition with attractive and accessible financial solutions. The partnership, announced on 29 October 2025 in Colombo, to deliver tailored financing, insurance benefits, and life coverage, boosting confidence in electric vehicles.

“This partnership marks an important step in Sri Lanka’s shift toward cleaner transport,” said HNB’s Senior Executive Vice President and COO Sanjay Wijemanne. “By offering transparent pricing, practical financing and meaningful protection, we give customers confidence to choose electric mobility with ease, supporting reduced emissions and a healthier environment for future generations. This initiative shows our responsibility to guide the market with solutions that are credible, measurable and designed for long-term change, and our teams remain committed to an approach that places customer trust at the centre of every product we deliver.”

HNB Leasing provide special rates for regular and structured leases along with a personalised leasing solution that includes a residual balance facility designed to ease repayment planning for customers who seek long term value. Customers will also receive discounted insurance premiums from HNB General Insurance. Additionally, HNB Assurance provides a complimentary life insurance cover for Hayleys Fentons customers who purchase electric vehicles and secure lease facilities through this promotion, offering coverage of Rs. 600,000 for natural death and Rs. 4,500,000 for accidental death, adding an extra layer of security for families investing in new technology.

Hayleys Fentons MD Hasith Prematillake said, “The shift to electric mobility requires strong collaboration between technology and finance partners. We thank HNB for joining this initiative, providing customers confidence from purchase through early ownership with proven support. This partnership will boost public trust in EVs and advance Sri Lanka’s sustainable transport landscape.”

Hayleys Fentons extends a series of service advantages that ease the transition into electric mobility. Customers will receive free registration with the Department of Motor Traffic upon confirmation of a supply agreement through HNB and receipt of the full advance payment. They will also receive three complimentary labour services and a seven kilowatt (7kw) charger which together aim to ensure reliability, convenience and smooth operation during the early stages of vehicle use.

The partnership marks a milestone that brings practical value to customers while supporting the wider economic and environmental goals of Sri Lanka, setting the stage for a cleaner, more resilient future.