HNB renews partnership with Ideal Motors to offer exciting benefits for Mahindra vehicles and generators

Sri Lanka’s leading private sector bank HNB PLC renewed its partnership with local automobile dealer for the Mahindra vehicles and generators Ideal Motors, to offer customers a wide range of special benefits anchored to low interest rates.

The partnership between Ideal Motors and HNB ensures that customers receive the most affordable leasing options, personalized services, and a seamless financing experience when purchasing Mahindra vehicles or Generators. HNB Deputy General Manager – Retail & SME, Sanjay Wijemanne and Ideal Motors Director – Legal & Marketing, Nimisha Welgama, were present at a special ceremony hosted at Ideal Motors Head Office to solidify the continued collaboration between two industry leaders.

“The uncertainties we have faced over the past two years have really affected transport for a significant portion of the population, especially affecting potential vehicle owners and SMEs looking at buying vehicles for logistics and transport. In that context, we are happy to partner with Ideal Motors, and together we are confident in our ability to provide the best services and repayment plans to ensure convenient access to the range of Mahindra automobiles,” HNB DGM – Retail and SME, Sanjay Wijemanne stated..

HNB will offer customers a range of attractive financing options and benefits for Bolero trucks and KUV vehicles leased for up to 5 years. The bank further provides a 30% residual value for Bolero trucks and KUV 100 for up to 4 and 5 years, respectively. Customers will also enjoy a special interest rates for Mahindra Generators during the promotional period, with the flexibility to adjust rates based on market changes.

Customers also have access to attractive discounts for vehicle insurance premiums from HNB General Insurance together with a free accidental life insurance cover worth Rs. 4.5 million and a natural death cover of Rs. 600,000. As a further bonus, customers who purchase Mahindra vehicles will receive a value-added “Prestige Prime” credit card, offering access to special discounts on automobile products, servicing, spare parts, tyres, batteries. HNB will waive off the first-year annual fee.

“Despite the challenges we face in the ever-evolving automotive industry, our commitment to providing outstanding services and value to our customers remains unwavering. This renewed partnership with HNB is a testament to our shared dedication to meeting the needs and aspirations of our valued customers.

We understand the importance of affordability and quality, and through our collaboration with HNB, we aim to make owning a Mahindra vehicle an attainable dream for many. With our combined expertise and customer-centric approach, we are confident that we can deliver attractive offers and financing options that will enhance the overall car-buying experience,” Ideal Motors Director – Legal & Marketing, Nimisha Welgama elaborated.

Customers can also enjoy a range of benefits and personalized services as part of this exclusive partnership. Ideal Motors will offer free registration with a discount of up to Rs 200,000/= for the KUV GMT Gasoline and free registration for the KUV AMT. In addition, customers can benefit from up to Rs 100,000/= discount for the Bolero City pick-up.

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 and 800+ Self Service machines (SSMs) nation-wide, HNB is one of Sri Lanka’s largest, most technologically innovative private banks. Consolidating its legacy in sustainability, good governance and corporate excellence, HNB was crowned the Best Corporate Citizen for 2022 at the Ceylon Chamber of Commerce Best Corporate Citizen Awards. The bank further secured four additional accolades, including being ranked among the Top 10 Best Corporate Citizens and taking home the Governance category and Sustainability Champion for the Finance sector titles.

Additionally, HNB was ranked among the World’s Top 1,000 Banks list compiled by the prestigious UK-based Banker Magazine for the sixth consecutive year in 2022, in addition to being crowned the Best Retail Bank in Sri Lanka for the 13th occasion at the prestigious International Excellence in Retail Financial Services Awards 2023 hosted by the Asian Banker Magazine.