Mahindra with Ideal Finance enables affordable vehicle purchasing

Introduces special COVID Sahana package

Mahindra Finance, India’s leading Non-Banking Finance Company together with Ideal Finance Ltd, the finance arm of the Ideal Group, recently introduced a special COVID Sahana package to facilitate buyers of Mahindra personal and light commercial vehicles with affordable hire purchase plans.

Mahindra Finance previously entered into a joint venture with Ideal Finance Ltd. in order to leverage on its socially inclusive business model facilitating the local consumers with best possible offers. This sahana package was introduced with the aim of providing financial reliefs to people who are in need of a personal vehicle and also to support small businesses and individuals to capitalize on this relief to gain financial stability.

In the personal vehicles segment, Mahindra offers this special sahana package for Mahindra KUV 100, the 1200cc petrol car manufactured at the Mahindra-Ideal Lanka automotive assembly plant in Welipenna. With this encouraging sahana package, the customers can own a KUV 100 with a 30% down payment and the balance 70% can be paid in 60 months to 72 months affordable installments.

Light Commercial Vehicles eligible for this sahana package are Mahindra Maxximo HD 12 Inch, Mahindra Maxximo VX 13 Inch, Bolero Maxi Truck plus, Bolero Maxi Truck Plus (with AC), Bolero Maxi Truck Plus Special Edition and Bolero Maxi Truck Plus Maxi Sport. These vehicles are available to be purchased with a 20% down payment and the remaining 80% can be paid in flexible installments of 36, 48, 60 and 72 months as per the discretion of the buyer. Mahindra and Ideal Finance also ensure that all the vehicle buyers avail more financial freedom in the first three months offering a lower Equated Monthly Installment (EMI).

‘’Mahindra Finance and Ideal Finance have brought this amazing finance package to assist in ending the woes of people and help them re-build their lives in a post COVID 19 world. We also ensure that buying a vehicle from Mahindra is a life-time investment and we are committed to providing industry leading after sales services and engage closely with our customers offering maintenance, guidance and expertise.’’ said Nalin Welgama, Chairman of Ideal Group of Companies.