Business
Ideal Motors unveils Sri Lanka’s first home-grown electric car
Ideal Motors unveiled the ‘Ideal Moksha,’ Sri Lanka’s first home-grown fully-electric car at the JAIC Hilton on Thursday (28). Drawing inspiration from the iconic Austin Mini Moke that took the world by storm, the Ideal Moksha is geared to be a game changer for the Sri Lankan market and the most practical solution in the current technology transition phase towards a sustainable, carbon-neutral future.
As the name depicts, ‘Moksha’ is intended to provide a blissful driving experience with advanced technology and design principles embedded in every detail – a new solution for Sri Lanka’s roads that offers style, space, comfort, and connectivity.
Classified as a four-wheeled electric quadricycle, the Ideal Moksha is fitted with a 22.46 kWh Lithium battery that provides a range of up to 200 kilometers on a single charge by plugging into a 15-amp domestic charger overnight. With a weight of just 870 kg, the powertrain provides a speed of 1080 rpm. The interior of the car packs a spacious cabin offering comfortable seating to the driver and 3 passengers. The car is offered in matching 2-tone exterior colours.
The customer can access information, favourite music, and maps using the 7-inch multimedia touchscreen display that comes with Apple CarPlay and Android Auto compatibility. The fully air-conditioned car includes, push start, and alloy wheels.Furthermore, Ideal Moksha offers complete peace of mind with a 2-year warranty on the electric motor as a standard benefit to the customer. The warranty available on the battery will be 5 years from the date of car purchase. Our island-wide aftermarket network will ensure an unmatched level of service.
The Ideal Moksha is expected to offer affordable electric mobility to every segment of society. It is the ideal car for every household in Sri Lanka, especially for the 1.5 million three-wheelers and 4.5 million two-wheelers registered on the island, driving holistic change by empowering drivers with a cost-effective solution to upgrade to a safe and smarter vehicle. The fully automatic car offers 100% torque from start with no gear changes, facilitating ease of learning and a relaxed driving experience.
The electric battery means no petrol stations, thereby removing the stress and complications from travel. With these innovations, the Ideal Moksha is set to transform the very nature of commuting and travel in Sri Lanka; it is the ideal vehicle for everyone and anyone, from the corporate executive looking to conserve and the two-wheeler owner looking to upgrade.
As a strong advocate of sustainable mobility, Nalin Welgama, the Founder and Chairman of the Ideal Group, together with a team of expert technicians who are passionate about climate change and migration to electric vehicles, developed Ideal Moksha in their very own green workshop facility in Ratmalana (the plant itself is fully powered by solar energy).

Speaking at the occasion, Welgama said, “My dream of manufacturing a homegrown electric car in Sri Lanka realised today, with the unveiling of our “Ideal Moksha”.
This entry-level car has the options and sophistication of cars built by the world’s best auto majors! It gives me immense pleasure to declare that my 35 years of experience in the automobile business has contributed to the making of this car on my home soil. I fervently hope that this signals a beginning of a new era in the manufacture of EVs in Sri Lanka.”
This is just the beginning of this next step for Ideal Motors. Building on the momentum, the Company also unveiled a fully electric moped and a retrofit kit that will enable the migration of a combustion engine to an electric engine.
But the Ideal Moksha and other EVs are only one piece of the puzzle; the Ideal Group’s goal is to not simply pass off the energy deficit and costs from fuel to electricity, especially if the sources of electricity are non-renewable.
With this in mind, the Ideal Group offers customers a package for a total green solution along with their purchase of the Ideal Moksha to completely power the car using renewable energy.
This package is particularly aimed at 5.5 million households that use less than 100 and 200 kilowatts of electricity units per month. The package includes the installation of up to 4 kilowatts of rooftop solar energy, where an average household will be able to meet their daily requirements of energy and completely do away with paying electricity bills.
The Ideal Group believes that it is this kind of systematic, integrated thinking and problem-solving, of which the Ideal Moksha is the first step, that will truly bring about a revolution in mobility.With over three decades of expertise in the local automotive and after-market solutions industry, Ideal Holdings and Ideal Group are a truly Sri Lankan group of companies, with over 2,000 staff and an annual turnover of LKR 25 billion.
As a pioneering organisation, the Ideal Group specialises in the manufacture, assembly, and import and distribution of motor vehicles; electric vehicles; genuine parts, aftermarket solutions, and lubricants; finance and leasing; insurance; power generation and renewable energy; transport and logistics, including domestic and international courier services; agriculture; and e-commerce.
Business
SLT MOBITEL and Fintelex empower farmers with the launch of Yaya Agro App
SLT‑MOBITEL Mobile, in collaboration with Fintelex (Pvt) Ltd, has launched ‘Yaya Agro’, an exclusive all‑in‑one smart agriculture app designed to empower Sri Lankan farmers with the tools they need to grow smarter, safer, and more sustainably.
Yaya Agro represents a new era of digital farming in Sri Lanka combining technology, expert knowledge, and community empowerment to provide farmers the confidence to make smarter decisions, improve productivity, and build a sustainable future.
Developed with support from GIZ and Hatch and validated by leading academic and professional institutions including the University of Colombo, Institute for Agrotechnology and Rural Sciences, and the Sri Lanka Red Cross Society, Yaya Agro combines agricultural expertise, real‑time weather updates, first aid support, and AI‑powered assistance into a single, easy‑to‑use platform.
The launch of Yaya Agro positions SLT‑MOBITEL as an innovative, inclusive, and collaborative technology leader. Partnering technology and academic institutions, the company extends its role outside the sector into agriculture, empowering farmers with AI‑driven tools, multilingual access, and market connectivity. The initiative also strengthens SLT‑MOBITEL’s image as a champion of digital empowerment and sustainable development in Sri Lanka.
Functioning as a comprehensive digital companion, Yaya Agro is positioned as a digital farming companion, bringing precision agriculture, real‑time support, and market access to the fingertips of every Sri Lankan farmer.
Whether managing a small home garden or a large commercial farm, the app equips farmers with vital insights to improve crop yield, reduce risks, and connect directly with buyers through the integrated online marketplace.
Yaya Agro offers farmers daily crop information with expert tips on management, pest control, and best practices, all validated by the University of Colombo. It provides accurate, location‑based weather forecasts to help plan farming activities more effectively. The app also delivers life‑saving first aid tutorials and safety information verified by the Sri Lanka Red Cross Society, ensuring farmers are prepared for emergencies. With the AI chatbot assistant, farmers can access instant, personalized advice around the clock, with smart notifications delivering timely alerts and reminders tailored to crop cycles.
To make learning inclusive and accessible, Yaya Agro is available in Sinhala, Tamil, and English, offering interactive educational content such as videos, voice guides, and infographics. The app also integrates an online marketplace, developed in partnership with GIZ and Hatch, enabling farmers to connect directly with buyers and expand their reach. (SLT‑MOBITEL )
Business
Kegalle sets up District Planning Committee to rein-in development spending under IMF-backed reforms
As Sri Lanka presses ahead with IMF-backed fiscal and governance reforms, the Kegalle District Planning Committee (DPC) was formally established yesterday as a standing sub-committee of the District Coordinating Committee (DCC), in a move aimed at tightening control over public investment, reducing duplication and strengthening monitoring at district level.
The committee was constituted under Home Affairs Circular No. 03/2025 issued by the Ministry of Public Administration, Provincial Councils and Local Government, and was inaugurated at the Kegalle District Secretariat auditorium under the leadership of Environment Minister and DCC Co-Chair Dr. Dhammika Patabendi and District Secretary H.M.J.M. Herath.
Addressing officials, Dr. Patabendi said the new structure directly responds to long-standing weaknesses in public investment management that have come under scrutiny during Sri Lanka’s engagement with the International Monetary Fund.
“Under the IMF programme, we cannot afford fragmented planning, overlapping projects or weak monitoring. This committee is about discipline—ensuring that limited public funds are allocated according to national priorities and deliver measurable outcomes,” Dr. Patabendi said.
He stressed that district-level planning must now align with national fiscal consolidation goals, with a stronger emphasis on value-for-money, results-based implementation and accountability.
The District Planning Committee will function as a permanent sub-committee of the DCC, chaired by the district’s Cabinet Minister, with the District Secretary serving as Secretary and the Director of Planning as Convener. Members include officials from district-level price and food committees and heads of government institutions or their nominees.
A central mandate of the committee is the preparation of an Annual Integrated District Development Plan, covering all funding sources—including foreign-funded and donor-supported projects—for approval by the District Coordinating Committee.
Officials said this would help rationalise project selection, prioritise urgent district needs and prevent the duplication of monitoring and evaluation systems, a key concern raised in public investment reviews under the IMF programme.
Dr. Patabendi noted that better coordination of state, private and non-state sector investments at district level would also support macro-level reform objectives by improving spending efficiency without increasing fiscal pressure.
“Fiscal adjustment does not mean stopping development. It means doing development better—through planning, coordination and proper evaluation,” he said.
The committee will oversee the operational rollout of DCC-approved projects, provide advisory support to implementing agencies, and monitor whether projects are delivered within approved timeframes and achieve stated targets.
Progress reports will be submitted to the Presidential Secretariat, Ministry of Public Administration, Ministry of Finance and the District Coordinating Committee, strengthening upward accountability.
At yesterday’s meeting, officials reviewed development proposals linked to the 2026 Budget, with focus on education, health, agriculture, infrastructure, industry, environment and tourism—sectors seen as critical for growth and social protection during the reform period.
Implementation challenges faced by projects carried out in 2025 across several Divisional Secretariat areas were also examined, with discussions centred on resolving bottlenecks early in 2026 and aligning future investments with the district’s five-year development plan.
Senior provincial and district officials, Members of Parliament from Kegalle, local authority heads and divisional secretaries attended the meeting.
Dr. Patabendi said the establishment of the District Planning Committee marked an important step towards embedding IMF-aligned public financial management reforms at the grassroots level, ensuring that development spending contributes to economic recovery while safeguarding fiscal sustainability.
By Ifham Nizam
Business
Allianz commits €200,000 for post flood recovery in Sri Lanka, part of €600,000 regional relief for Southeast Asia
Allianz SE (Headquartered in Munich, Germany) announced that it is donating €200,000 to support disaster relief efforts in Sri Lanka. In addition, Allianz SE is also extending its support to Thailand and Indonesia, contributing a further €400,000 to aid disaster relief across Southeast Asia. Torrential rainfalls have triggered severe flooding and landslides across Southeast Asia, leaving more than 1,100 people dead in a week of devastation and complicating rescue efforts for hundreds still missing. Allianz is deeply rooted with local entities in the three countries and serving millions of customers across Asia. By supporting the affected people and communities, Allianz acts on its promise to secure the future of its stakeholders in times of need.
Allianz SE will allocate €100,000 to the Sri Lanka Red Cross Society (SLRCS) to deliver immediate assistance to those most affected and €100,000 will also be provided for post-disaster support, implemented in collaboration with Allianz Insurance Lanka Limited and selected local partners, focusing on disaster prevention and climate resilience, helping communities rebuild and strengthen their preparedness against future events.
Renate Wagner, Member of the Board of Management of Allianz SE, responsible for Asia Pacific, Mergers & Acquisitions, People and Cultures says:
“At Allianz, we stand with the people and communities affected by the severe floods and landslides across Southeast Asia. Through immediate relief and long-term resilience support, we aim to help families recover, strengthen local communities, and better prepare for future climate-related events.”
Anusha Thavarajah, Regional Chief Executive Officer, Allianz Asia Pacific adds:
“Across Indonesia, Thailand and Sri Lanka, many families and communities are facing significant loss and disruption. In moments like these, Allianz stands alongside them. Asia Pacific is home to our people, our customers, and the communities we serve, and we remain deeply committed to the region. Our immediate focus is on providing relief where it is most needed, while also supporting communities to rebuild and strengthen resilience, so those most affected can move forward with confidence.”
Allianz is fully dedicated to Asia and its people. It represents a strategic growth region for Allianz Group, which already has established strong market positions throughout Southeast Asia. Besides Indonesia, Thailand and Sri Lanka, Allianz is present with various business segments in China, India, Malaysia and Singapore, among others.
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