Mahindra Ideal Finance partners Toyota Lanka on vehicle financing

Wednesday, 19 August 2026 04:54 - - {{hitsCtrl.values.hits}}

MIFL Managing Director and CEO Mufaddal Choonia (right) exchanges the MoU with Toyota Lanka Toyota Lanka Chairman Masaaki Kawabata. MIFL Chief Operating Officer Rohitha Bandusena, and Toyota Lanka Managing Director and CEO Manohara Atukorala are also present

Mahindra Ideal Finance PLC (MIFL) has signed an MOU with Toyota Lanka Ltd., the exclusive dealer and distributor of Toyota and HINO vehicles in Sri Lanka, to deliver dedicated vehicle financing solutions.

Under the partnership, customers purchasing vehicles from Toyota Lanka will be able to access financing through MIFL’s Leasing, Ideal Draft and Vehicle Loan Scheme, at competitive interest rates and processing fees.

MIFL operates a network of 38 branches across Sri Lanka, with a growing focus on vehicle and asset financing. The partnership extends that reach into Toyota Lanka’s dealer network, placing structured financing directly where customers make their purchase decisions.

“This partnership with Toyota Lanka is part of the deliberate direction we are taking as a business, deepening our presence in vehicle financing and standing closer to where our customers make their biggest purchase decisions. Accessibility and reliability remain at the core of what we do, and this collaboration extends that commitment to Toyota Lanka’s customer base,” said MIFL Managing Director and CEO Mufaddal Choonia.

Toyota Lanka Managing Director and CEO, Manohara Atukorala said: “At Toyota Lanka, our vision of ‘Mobility for All’ is centred on making mobility and vehicle ownership more accessible to people across Sri Lanka. This partnership with MIFL is another important step towards that vision, enabling us to reach more customers and provide them with a trusted and accessible financing option.”