Automobile

EditorNovember 17, 2017
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1min260

SML Frontier Automotive the sole agents for Jaguar and Land Rover in Sri Lanka along with HNB Leasing will be present in Ratnapura with a range of benefits for prospective customers. The Jaguar and Land Rover team will be onsite at Silver Ray with HNB Leasing Ratnapura on Friday 17th to the Sunday 19th of November 2017, showcasing their latest range of Jaguar and Land Rover vehicles.

Test drive the legendary vehicles with powerful performance and exceptional design. SML Frontier Automotive together with HNB Leasing will be offering customers customized leasing facilities for all Jaguar and Land Rover vehicles, in addition to five-year service and a five-year warranty on all vehicles.


EditorNovember 7, 2017
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5min390

Offers option of paying most affordable rentals during first 6 or 12 months

A new leasing product that makes leasing a higher value vehicle more affordable at commencement has been launched by the Commercial Bank of Ceylon especially for upwardly mobile company executives and professionals.

The Bank’s new ‘Hybrid Lease’ combines the features of a ‘Super Lease’ with the option of paying only a comparatively  low rental during the first six or 12 months, paying regular rentals thereafter, and a lump sum at the end of the lease.

The repayment structure of the ‘Hybrid Lease’ is designed for executives and professionals earning a minimum salary of Rs.50,000 with anticipated, periodic increments. The customer begins by paying a very low rental during a specified period and a higher instalment when his or her earnings increase.

After the first six or 12 months, a fixed monthly rental can be paid until the penultimate month of the lease. Concluding the lease, a lump sum residual will be recovered as the final month’s payment.

This product will be offered for both unregistered and registered vehicles, and for sale and lease-back leases, the Bank said.

Commenting on the launch of this new product, Commercial Bank’s Deputy General Manager Personal Banking Mrs Sandra Walgama said: “The ‘Hybrid Lease’ provides an opportunity for vehicle enthusiasts to buy the automobile they aspire to own. They will now be able to purchase a higher value vehicle at an initial lower monthly rental, thanks to the novel repayment structure.”

‘Hybrid Leases’ are expected to be most suitable for personal use vehicles from reputable brands that have a high re-sale value. Commercial vehicles too will be considered on a case by case basis, the Bank said.

As an additional service to customers with excellent repayment records, the Bank said it will offer an extension of up to two years on the lease tenure to repay the residual lump sum of the ‘Hybrid Lease’ granted to unregistered vehicles. This extension is subject to conditions, and if offered, will be treated as a fresh lease facility.

The Commercial Bank of Ceylon had previously launched an easy vehicle leasing product – ‘Super Leasing’ which allows customers to pay part of the vehicle’s value at the end of the lease period, enabling monthly instalments to be calculated for only part of the value of the vehicle. This facilitates lessees to pay a lower monthly rental than that of a regular leasing scheme, whilst being able to buy a higher value vehicle.

Commercial Bank operates a network of 256 branches and 700 ATMs in Sri Lanka and has won more than 25 international and local awards in 2016 and 2017. Earlier this year the Bank was named Sri Lanka’s Best Bank by the USA based Global Finance; was adjudged the ‘Best Domestic Bank’ and the ‘Best Digital Bank’ in Sri Lanka by Asiamoney; was recognised as the Best Bank in Sri Lanka by FinanceAsia; the Bank’s website was adjudged the best in Sri Lanka’s financial sector at the inaugural SLT Zero One Awards presented by Sri Lanka Telecom and the Bank was ranked among the Top 1000 Banks of the World for the seventh consecutive year. The Bank also won two awards from International Banker – UK, in 2017, being adjudged ‘Best Commercial Bank of the Year’ and receiving the award for ‘Best Innovation in Retail Banking.’

Commercial Bank’s overseas operations encompass Bangladesh, where the Bank operates 19 outlets, Myanmar, where it has a Representative Office in Yangon, the Maldives, where the Bank has a fully-fledged Tier I Bank with a majority stake and Italy, where the Bank operates its own money transfer service.


EditorNovember 7, 2017
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1min430

HNB Grameen Finance Limited signed a Memorandum of Understanding (MoU) recently with IDEAL Motors (Private) Ltd to offer attractive leasing options for Mahindra Vehicles.

As per the understanding, HNB Grameen Leasing will arrange very attractive leasing packages for customers who purchase Mahindra Vehicles. These will be tailored as per customer’s budget and income streams.

More information could be obtained by visiting IDEAL Motors showrooms and HNB Grameen Finance Ltd Branches Island wide. 

HNB Grameen Finance Ltd is an internationally acclaimed brand for its contribution to the microfinance industry over the last 17 years. It has a wide network of 48 branches and 21 service centres around the country.

IDEAL Motors (Pvt) Ltd. is a fully owned subsidiary company of the IDEAL Group which has core business interests in Motor Franchise Imports and Motor Spare Parts in
Sri Lanka. Since November 2009, IDEAL Motors has been the Sole Authorized Distributor for Mahindra Motor Vehicles and Motor Cycles manufactured by Mahindra & Mahindra Company Ltd, India.


EditorNovember 6, 2017
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2min520

Diesel & Motor Engineering PLC (DIMO) recently signed an agreement with the Ministry of Skills Development and Vocational Training to train 150 Combined Harvester Operators under the Ministry’s Employment Linked Training Programme (ELTP). The training programme is an initiative of the Ministry of Skills Development and Vocational Training and is funded by the Asian Development Bank.

With a clear objective of addressing skill gaps and the employability of youth, 150 students will train for a period of one year. The participants will be assessed based on their aptitude and will be provided with theoretical lectures as well as practical on-the-job training sessions over a period of six months. The training programme will be conducted at DIMO Na Sevana Training Academy under experienced and qualified panel of DIMO instructors.

This initiative aims to ensure employability of the youth in the country and address the skill gaps faced in the industry. It is envisaged to improve and align the skills development with relevant industry requirements and the employment aspirations of youth in Sri Lanka.

The participants will be awarded a recognized National Vocational Qualification (NVQ) Level 3 certification accredited by the Tertiary and Vocational Education Commission of Sri Lanka.

Located at Hambantota, the state-of-the-art DIMO Na Sevana Training Academy is the first of its kind in Sri Lanka. The academy aims to provide vocational training in main areas including construction machinery handling, maintenance and repairs of automobiles to enhance quality of drivers, and machine operators to obtain opportunities in the local and global job market.


EditorNovember 5, 2017
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5min540

Delivering exclusive products, services and experiences that our customers’ love

Wednesday, November 1st, 2017, Colombo:  SML Frontier Automotive, sole agents of Jaguar and Land Rover (JLR) in Sri Lanka launches their customer loyalty programme, The Jaguar and Land Rover Owners Clubs, which ensures customers receive a variety of benefits and exclusive privileges when they purchase a Jaguar or Land Rover vehicle.

When customers purchase a brand-new Jaguar or Land Rover, they gain complimentary access to these exclusive clubs, which offer the benefits and privileges of the global luxury concierge service, Quintessentially. Customers can make use of everyday services such as movie ticket bookings and also enjoy special offers at premium hotels, restaurants and events.

“An important principle of our brands is to give every customer an experience they love, in a relationship that lasts a lifetime,” says Mr Robin Colgan, Managing Director, Jaguar Land Rover, Asia Pacific Region. “That promise is brought to life by SML Frontier Automotive in their innovative approach to providing the best possible ownership experience.”

Enabling technology will be an important ingredient of the programme and a dedicated mobile app for members will be launched in the first quarter of 2018. The app will provide members with information on their vehicle and keep them updated on the latest offers and benefits.

“At SMLF our key focus is to ensure that we offer our customers the best experience they could possibly have; from our aftersales service to whatever else we can offer them that will complement the luxury of their vehicles and the busy lives they lead,” says Ravi Perera, CEO, SML Frontier Automotive “We purposefully created this loyalty programme to meet our customers’ needs and desires so that it delivers relevant and measureable value to them. We make it our goal to understand the needs of our clients as we strongly believe that we don’t just sell a vehicle, but also a lifestyle.”

Highlighting the programme’s value and relevance, Tasneem Siddeeque, Marketing and CRM Manager, SML Frontier Automotive states:  “We have enjoyed working closely alongside our long-standing partner, Quintessentially to provide our customers an exclusive concierge service. Today, we’re excited to unveil our loyalty card that will enable our customers to enjoy life to the fullest.”

SML Frontier also proudly announces their partnership with Qatar Airways for customers who have asked for more consistent and exclusive travel benefits. Now Jaguar and Land Rover customers can enjoy a 10% discount on fares to any destination and 5% discount on promotional fares offered.

Other key privileges of the network include JLR Exclusive Access to events such as the Golden Globes with Quintessentially, Membership to the Shangri La Golden Circle, Tealia, Nisal Caldera, Zudhora, St. Regis Singapore, Hugo Boss, Aantara, Rockland, Movenpick, Cafe Francais, UGA and Galle Face Hotel. In addition, members will also have access to exclusive trips, such as an unforgettable Ice Drive Experience with Jaguar in Iceland or a Land Rover safari in Namibia.

Jaguar Land Rover, UK’s largest automotive manufacturing business is built around two iconic British car brands: Land Rover, the world’s leading manufacturer of premium all-terrain vehicles and Jaguar, one of the world’s premier luxury sports saloon and sports car marques.  JLR aims to drive leadership in sustainable business practices in all activities across the world, which includes achieving Carbon Neutral Manufacturing and Zero Waste across operations by 2020. For more information on Jaguar Land Rover in Sri Lanka customers can visit the showroom or call 2552444.


EditorOctober 31, 2017
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6min520

Handing over the keys to the Asst. Director Administration of Dept. of National Zoological Gardens –Kasun Habarakada. From left: Director Sales of Future Automobiles Gihan Vitharana, National Zoological Gardens Assistant Director Administration of Department Kasun Habaraka, CEO of Future Automobiles Chamath Tennekoon and Assistant Sales Manager of Future Automobiles Nandika Rodrigo


EditorOctober 30, 2017
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2min740

Sri Lanka’s most innovative bank, HNB PLC announced the partnership with Ideal Motors (Pvt.) Ltd to continue its promotion of Mahindra vehicles in Sri Lanka.

The renewed partnership will enable buyers of brand-new Mahindra vehicles to be eligible for highly attractive, fully customized leasing packages with the lowest interest rates in the market, brought about by synergies within the HNB Group.




As part of the continuing partnership, HNB Leasing will also be providing simple, quick leasing solutions for all buyers of new Mahindra vehicles across all of its 252 customer centers around the island. Additionally, customers will also receive life insurance cover from HNB Assurance of up-to Rs. 4 million together with a free HNB credit card.

Internationally respected as one of Sri Lanka’s most innovative banking industry players, HNB was recently awarded ‘Best Retail Bank in Sri Lanka’ for the ninth year in 2017 at the Asian Banker Awards 2017, ‘Best Bank for SME’ at the Asiamoney awards and currently stands as Sri Lanka’s strongest performing private sector bank and is currently ranked among the Top 1,000 banks in the world by Banker Magazine.

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.

All Mahindra vehicles are backed by a comprehensive two-year after sales warranty or up to 75,000 km, whilst the exceptional service of Ideal Motors (Pvt.) Ltd will provide customers the peace of mind they require along with technical assistance and parts support second to none.



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