Mahindra Ideal Finance partners Indra Traders to expand reach

Monday, 8 September 2025 04:32 - - {{hitsCtrl.values.hits}}

From right: Mahindra Ideal Finance Managing Director/CEO Mufaddal Choonia, Indra Traders Director – Sales and Marketing Hashindra Silva, and General Manager Sajini Silva

Mahindra Ideal Finance Ltd., (MIFL) yesterday said it has signed a Memorandum of Understanding (MoU) with Indra Traders Ltd., to introduce comprehensive leasing offerings for vehicle buyers across the country. The agreement was formalised on 15 August in Colombo.

The partnership brings together MIFL’s multi-brand vehicle financing capabilities and Indra Traders’ extensive vehicle portfolio to deliver affordable, seamless, and value-driven leasing solutions for customers purchasing registered and unregistered vehicles.

Under the MoU, Mahindra Ideal Finance will extend preferential leasing rates starting from as low as 9.99% p.a. for customers purchasing vehicles through Indra Traders. Customers will also benefit from a wide range of after-sales services offered by Indra Traders. These include a two-year warranty on engine and gearbox and a three-year warranty on hybrid batteries for unregistered vehicles, along with multiple rounds of labour – free services for their vehicles. Pre-owned vehicle buyers will also receive warranty coverage and service support under the scheme.

Mahindra Ideal Finance Managing Director/CEO Mufaddal Choonia said: “We are delighted to collaborate with Indra Traders to make vehicle financing more accessible and service-led. This partnership allows us to deliver a truly integrated value offering that covers not only competitive leasing options but also peace of mind for customers through enhanced post-purchase support.”

Indra Traders Director – Sales and Marketing Hashindra Silva said: “This partnership with Mahindra Ideal Finance represents a significant step forward in broadening vehicle accessibility and delivering enhanced customer value. With our robust after-sales service and trusted reputation, combined with MIFL’s competitive leasing solutions, we are confident of offering customers a seamless and reliable experience in vehicle ownership.”