Combank and Ideal Motors bring special deal on Mahindra vehicle leases

Commercial Bank of Ceylon and Ideal Motors (Pvt.) Ltd have joined hands to offer attractive discounts, reduced lease rentals and other benefits to customers leasing Mahindra-branded commercial vehicles.

The discounts offered by Ideal Motors will be applicable until March 31 under this promotion supported by Sri Lanka’s benchmark private bank with competitive lease rentals.

Lease rentals start as low as Rs.2,300 for every Rs.100,000 for a fiveyear lease, with three-year and four-year leases also assured of a reduction on published lease rentals, the bank said. A hassle-free process, speedy approvals and customised rentals to match income patterns are among the attractive features of leasing offered by Commercial Bank.

Ideal Motors has been the sole authorised distributor for Mahindra motor vehicles and motorcycles manufactured by Mahindra & Mahindra Company Ltd, since 2009. It is a fully-owned subsidiary of the Ideal group, which has core business interests in motor franchise imports and motor spare parts in Sri Lanka.

To date, Ideal Motors has sold over 65,000 Mahindra vehicles in Sri Lanka, which the company says is a unique achievement in such a short span of time. Ideal Motors has achieved a market share of over 50 percent in the light truck category, competing against major players who dominated the market for many decades. Ideal Motors offers the entire range of Mahindra vehicles from twowheelers to trucks, buses and earth masters as well as generators.

The promotion with Commercial Bank covers the full range of light, medium and heavy duty trucks, double cabs, tippers and buses and all vehicles conform to EURO4 standards. More details on the promotion can be obtained from Commercial Bank branches islandwide.