DIMO ties up with Vallibel Finance to promote TATA vehicles

Monday, 23 February 2015 00:00 - - {{hitsCtrl.values.hits}}

From left: Niroshan Perera, DGM - Credit, Chaminda Jayawardana, DGM - Business Development, Jayantha Rangamuwa, Managing Director – Vallibel Finance Plc, Gahanath Pandithage, Group CEO, Vijitha Bandara, Chief Operating Officer – TATA Division and Sampath Kumarasinghe, Regional Manager – TATA Division Vallibel Finance partnered with Diesel and Motor Engineering Plc (DIMO) to offer attractive leasing options for TATA commercial and passenger vehicles. Through this partnership, Vallibel Finance customers will be able to purchase TATA vehicles at a low interest rate and the down payment for TATA vehicles will be low and affordable as well. Under this promotion the following offers are available for customers: DIMO Batti – free registration and a free LED TV; DIMO Batta HT2 and Ex2 – free registration, free insurance and Rs. 10,000 financial offer for fuel; SuperACE AC and non AC vehicles – free registration; 207 RX Pickup and XENON XLT – free registration and NANO Twist and e-XETA – free Insurance. The lease rental for commercial vehicles will be Rs. 2,539 with taxes (for every Rs. 100,000) while for passengers, its vehicles will be Rs. 2,327 with taxes (for every Rs. 100,000). With the increase in infrastructure projects in Sri Lanka, and the need for dependable and cost-effective transportation solutions, DIMO believes attractive leasing packages such as these would benefit contractors and owners to bring down costs. With the lowest operating costs among commercial vehicles and island-wide availability of genuine spare parts and service locations, TATA commercial vehicles have proven to be the number one choice among all contractors and transporters. Vallibel Finance is a rising player in the leasing and finance industry, in Sri Lanka. The company was established in 1974 and currently has a total deposit base of over Rs. 11 billion and 1.84% of credit portfolio out of total industry portfolio. Vallibel Finance takes pride in the trust placed in it by the general public and the company is backed by the powerful Vallibel conglomerate. Vallibel Finance is licensed by the Monetary Board of the Central Bank of Sri Lanka under the Finance Business Act No. 42 of 2011 and has a rating of BBB - by RAM Ratings Lanka. Vallibel Finance has 24 branches across the country. DIMO has been the market leader in the commercial vehicle category in Sri Lanka for several decades. TATA Motors India and DIMO have a strong relationship spanning 54 years, where TATA commercial vehicles have played a vital role in the daily lives of many people. DIMO currently operates more than 40 branches across the country and provides 24-hour roadside assistance to all TATA customers anywhere in Sri Lanka. DIMO is among the top 15 companies in Sri Lanka recognised as a ‘Great Place to Work’ by the Great Place to Work Institute. DIMO is an ISO 9001:2000 QMS & ISP 14001:2004 EMS certified company.