NDB Bank partners Gavinro International to expand access to electric passenger and commercial vehicle financing

Thursday, 30 October 2025 05:09 - - {{hitsCtrl.values.hits}}

From left: NDB AVP – Legal Anushi Vithanage, Senior Business Development and Sales Manager – Leasing Jagath Karunaratne, AVP – Leasing Dilum Amarasinghe, VP – Retail Banking Zeyan Hameed, SVP – Personal Banking and Customer Experience Sanjaya Perera, Gavinro International Managing Director Abeeth Dangalla, Head of Operations Shihan De Tissera, Financial Controller Anupa Ranasinghe, Sales and Marketing Coordinator H.D.Y. Madhubhashini

National Development Bank PLC (NDB) has entered into a Memorandum of Understanding (MoU) with Gavinro International Ltd., one of Sri Lanka’s latest EV franchise holders representing several reputed Chinese vehicle manufacturers.

This strategic partnership is designed to provide customers with innovative and affordable leasing solutions across Gavinro International’s extensive range of passenger and commercial vehicles, supported by tailor-made financial facilities.

Through this partnership, NDB customers will gain access to a premium portfolio of passenger vehicles, including globally renowned brands such as Skywell, Skyworth, Manufactured by a Fortune 500 China Company, and Keyton. With a focus on affordability and convenience, NDB will offer bespoke leasing solutions featuring fast approvals, minimal documentation, flexible repayment options, and no guarantor requirements, enabling more Sri Lankans to experience the reliability and quality of Gavinro International’s vehicle range.

The collaboration also extends to a wide range of commercial vehicles, including Skywell EV vans, trucks, and buses, which play a vital role in supporting SMEs and larger enterprises across the island. NDB’s specialised financing packages for commercial vehicles are structured to meet the diverse needs of businesses, ensuring entrepreneurs and corporations alike have access to reliable transport solutions required to grow and expand their operations.

In a special initiative to bolster the tourism industry, the partnership introduces a refinancing scheme for Skywell vans, and buses. Tourism operators can now benefit from loans of up to Rs. 25 million at a highly competitive interest rate of just 7%, empowering them to invest in modern, comfortable transport solutions that uplift the sector and enhance visitor experiences in Sri Lanka.

NDB Bank Assistant Vice President – Leasing Dilum Amarasinghe said, “This collaboration with Gavinro International is a milestone in delivering comprehensive EV financing solutions to both individuals and businesses. By combining EU-certified, world-class brands with NDB’s flexible and customer-centric leasing facilities, we are creating new opportunities for customers while also supporting vital industries.”

With over five decades of excellence in logistics, property development, imports and exports, motor vehicle trading, and finance and project consulting, Gavinro Investments serves as the holding company of Gavinro International, Gavinro Property Developers, and Rovinco Global.

Gavinro International Managing Director Abeeth Dangalla said: “This partnership with NDB marks a significant step forward in Gavinro’s journey toward reducing Sri Lanka’s carbon footprint. Our shared goal is to make sustainable and innovative electric vehicles accessible to everyone and every sector.”