HNB re-inks partnership with Ideal Motors with exclusive offers for Mahindra automobiles, generators

Sri Lanka’s leading private sector bank Hatton National Bank (HNB) has once again renewed its partnership with Ideal Motors (Pvt.) Ltd, to promote and offer financing solutions for Mahindra automobiles and generators.

A special ceremony was hosted at HNB Towers, in the presence of HNB Deputy General Manager, Retail & SME Banking Sanjay Wijemanne and Ideal Motors Chairman Nalin Welgama to sign the Memorandum of Understanding (MoU).

The continued partnership between the two leaders in Sri Lanka’s banking and automobile industries will undoubtedly facilitate customers looking to purchase any Mahindra vehicle or generator with guaranteed personalised services in leasing and maintenance.

Customers will be able to receive a full life insurance cover worth up to Rs.4.5 mn together with attractive discounted vehicle insurance premiums. This exclusive collaboration also allows the two corporate giants to share their customer bases, who will in turn receive the lowest interest rates in addition to other benefits.

“Despite the uncertainties we faced over the past two years due to the pandemic, the leasing market has seen a positive incline. This is mainly in due to the value additions we extended to our customers and the hard work and dedication of our staff.

“Most importantly, we are excited to be joining hands with Ideal Motors, who have made an impact in the automobiles and generators market with the Mahindra brand. We hope that our mutual customer base will make use of this great opportunity to obtain the most affordable leasing options available, allowing them a chance to own a vehicle that they want,” commented HNB DGM-Retail & SME Banking Sanjay Wijemanne at the event.

The renewed alliance gives customers the opportunity to take advantage of free registration for all new Mahindra vehicles and generators through Ideal Motors, and attractive leasing opportunities from HNB, in addition to other benefits offered through the partnership. Customers will also receive the benefit of a ‘prestige prime’ credit card from HNB, which will offer unbeatable discounts on various automobile products.

“Our partnership with Mahindra has established us as market leader and household name in Sri Lanka. We look forward to expanding our facilities over the year to carter to the growing demand for Mahindra vehicles and we are certain that our collaboration with HNB to showcase our products will be successful,” said Chairman IDEAL Motors Nalin Welgama.

Customers can obtain further information on this partnership and offers through HNB customer centres and Ideal Motors showrooms, island-wide.

Ideal Motors (Pvt.) Ltd is the local promoter of Mahindra vehicles in Sri Lanka, a well-established and rapidly growing Indian brand that is internationally renowned for its high-performance Jeeps and SUVs. All Mahindra vehicles are now offered at a special discounted price for HNB Leasing customers, along with free registration for all Mahindra vehicles and free insurance for selected vehicles.

With 256 customer centres across the country, HNB is one of Sri Lanka’s largest, most technologically innovative banks, having won local and global recognition for its efforts to drive forward a new paradigm in digital banking. Consolidating its reputation for banking excellence, HNB bagged the Best Retail Bank and Best SME Bank awards in the Banking category at the International Finance Awards 2021. The bank was also ranked among the World Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for five consecutive years. HNB was also declared Best Sub-Custodian Bank in Sri Lanka at the Global Finance Awards 2020. HNB has a national rating of AA- (lka) by Fitch Ratings (Lanka) Ltd.