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Mahindra Ideal car assembly plant in Welipenna to be fully run by SL technicians

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Sadhasivam Durairaj – automobile engineer and plant head at Mahindra Ideal Lanka Pvt Ltd. at its car assembly plant in Welipenna.

by Sanath Nanayakkare

An Indian automobile engineer who is plant head at Mahindra Ideal Lanka Pvt Ltd. (MILPL) car assembly plant in Welipenna is due to leave the island soon, having completed his car assembly training mission in Sri Lanka. After his departure, MILPL plant is set to be fully run by Sri Lankan technicians.

Engineer Sadhasivam Durairaj told The island Financial Review recently that he would be completing his two-year technology transfer mission and he had utmost confidence that Sri Lankan technicians have gained the knowledge and competency to assemble the cars according to the specifications of Mahindra & Mahindra, India.

“In fact, I can assure that Sri Lankan car assembly technicians at MILPL can perform the duties and responsibilities such as diagnostic tests on the assembled product to ensure efficiency and conduct adjustments as needed on a par with global standards,” he said.

Further speaking he said, “Assembly technicians must be knowledgeable about the technology and mechanical industry as well as have the ability to analyze designs as a guide for creating high-quality products. Sri Lankan technicians have fully absorbed all these skills to perform the assembly operations with no supervision”.

“I trained around 50 technicians and found that working at an assembly plant producing a quality product had come naturally to them. That made my job easier and more enjoyable.”

He added “The global automotive industry supply chain adopts lean manufacturing concepts, our Mahindra Ideal Lanka plant is a venue for lean production. We procure around 30% parts locally – seat, exhaust, battery and tyre, the local value-added parts are ordered based on the monthly requirements and procured on Just-In-Time (JIT) basis. similarly, other consumables and Imported parts are procured based on our stock holding policy – this depends on the lead time which includes packaging, shipment and Customs clearance.”

“Mahindra vehicles are a strong line-up of great reliability. In India, we call it Scorpio company or Bolero company because it is well- known for its sturdy products. And Ideal Motors Sri Lanka is a well established network with its service centers, showrooms, logistics and customer care centres. This synergy will ensure customer delight like no other partnership.”

“The plant’s annual capacity is 5,000 units, now we produce 100+ cars per month and we will ramp up daily production as market demand increases. Presently we have assembled KUV100 Manual Petrol variants, and we have planned to add KUV100 AMT Diesel variants in the time to come.”

 

 



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Ceylinco Life agent among three global finalists for award

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Ceylinco Life’s Ambalantota branch agent AIP Manjula

Ceylinco Life’s Ambalantota branch agent AIP Manjula has been named one of three global finalists for the prestigious Insurance Agent of the Year award at the 11th Asia Trusted Life Agents & Advisers Awards (ATLAA) 2026.

The recognition places a Sri Lankan insurance professional among the finalists in a regional field spanning South Asia, Southeast Asia, East Asia and the wider Asia-Pacific region.

Ceylinco Life said the achievement reflected the calibre and customer-focused approach of its agency force, while recognising Manjula’s professionalism and commitment to policyholders.

The award evaluates insurance agents on criteria extending beyond sales performance, including ethical conduct, client service, policy persistency, digital adoption, innovative practices and contributions to the insurance industry and community.

The awards are organised by Asia Advisers Network and Asia Insurance Review, with LIMRA as co-organiser. An independent judging and balloting process is monitored by KPMG as the official scrutineer. The judging panel comprises senior insurance executives, association presidents and industry experts from across the Asia-Pacific region.

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CEAT Kelani retains AA+ rating for sixth year

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CEAT Kelani Holdings (CKH) has retained its National Long-Term Rating of ‘AA+(lka)’ with a Stable Outlook from Fitch Ratings for the sixth consecutive year, reflecting the company’s financial resilience and leading position in Sri Lanka’s pneumatic tyre market.

The ‘AA+(lka)’ rating, the second-highest on Fitch’s national scale, indicates a very strong capacity to meet financial commitments.

Fitch said CKH’s established market leadership and resilient financial profile remained key strengths, while noting its exposure to price-sensitive, cyclical and highly competitive markets.

The Stable Outlook reflects expectations that the company will maintain its market position despite rising input costs and increasing competition from imported tyres, while preserving adequate credit metrics during periods of weaker earnings and higher investment.

Fitch expects CKH’s established brand, extensive dealer network and adaptive pricing strategies to support its market position. Planned production facility upgrades are also expected to improve product quality, particularly in the radial tyre segment.

The rating agency expects near-term pressure on margins from higher raw material and energy costs but said the company’s low leverage and sound liquidity would provide a cushion.

CKH Chairman Chanaka De Silva said the rating reinforced the company’s focus on disciplined financial management, operational adaptability and long-term investment.

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Commercial Bank leads nationwide aquatic clean-up drive

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Sanath Manatunge, Managing Director/CEO of Commercial Bank and some of the Bank’s staff participating in the coastal cleanup programme

Commercial Bank of Ceylon mobilised employees, customers, volunteers and community members for a nationwide coastal and aquatic clean-up campaign across 20 locations on September 19 to mark International Coastal Cleanup Day 2026.

Conducted under the bank’s sustainability platform, themed ‘Forward Together for a Cleaner Future’, the initiative covered 16 coastal locations and four inland waterways, bringing together stakeholders for a coordinated environmental conservation effort.

The flagship programme was held at Mount Lavinia Beach, with additional activities at Wellawatte and Galle Face beaches. Similar initiatives were conducted by the bank’s regional offices at locations including Kalutara, Negombo, Trincomalee, Batticaloa, Puttalam, Jaffna, Galle, Dondra, Tangalle and along the Mahaweli River.

Employees, management, Future Force volunteers, customers and their families participated alongside the Marine Environment Protection Authority (MEPA), United Nations Global Compact Network Sri Lanka, government and local authorities, environmental organisations and community members.

The bank said the initiative reflected its commitment to water stewardship after adopting Sustainable Development Goal 6 — Clean Water and Sanitation — as a priority goal in 2025.

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