Mercantile Investments & Finance PLC and Diesel & Motor Engineering PLC (DIMO), two leading corporations in Sri Lanka, have forged a strategic partnership through the signing of a Memorandum of Understanding (MOU) on September 23, 2024. This partnership marks the introduction of the "Mercantile Investments & Finance PLC / DIMO Lease Promotion," an innovative financial solution aimed at providing attractive leasing facilities for customers purchasing TATA commercial vehicles from DIMO. The collaboration aims to enhance financial accessibility while expanding market reach, combining DIMO's extensive expertise in vehicle distribution with Mercantile Investments' trusted financial services to offer significant benefits to customers.

The MOU signing ceremony took place at the head office of Mercantile Investments in Kollupitiya, Colombo 03. The event was attended by key executives from both companies, including Mr. Gerard Ondaatjie, Managing Director of Mercantile Investments, Mr. Gahanath Pandithage, Group Managing Director and Chief Executive Officer of DIMO, Mr. Rajeev Pandithage, Executive Director of DIMO, and Mr. Laksanda Gunawardhena, Chief Operating Officer of Mercantile Investments. Their participation underscored the significance of this strategic collaboration in advancing the goals of both companies while delivering exceptional value to customers.

Through this exclusive leasing program, customers who opt to lease DIMO’s TATA commercial vehicles with Mercantile Investments will gain access to a range of compelling benefits. The promotion includes free vehicle registration and complimentary insurance, eliminating significant upfront costs for buyers. In addition, the lease package features emergency accident insurance of up to Rs. 300,000, providing critical financial protection in the event of permanent disability or death. A standout feature of the scheme is the waiver of the monthly rental fee if the vehicle is undergoing repairs for more than a month due to an accident, alleviating financial stress during prolonged downtime. The program also includes hospitalization coverage for the driver, ensuring that essential medical expenses are covered in case of injury.

With its array of benefits, the Mercantile Investments & Finance PLC / DIMO Lease Promotion sets a new benchmark for commercial vehicle leasing in Sri Lanka. It offers customers not only financial savings but also peace of mind, knowing that they are fully protected in case of unforeseen events. This partnership between two industry giants reinforces their respective strengths and introduces a customer-centric approach to leasing, making it easier for businesses to access reliable and affordable transportation solutions.

This strategic collaboration positions both Mercantile Investments & Finance PLC and DIMO as leaders in providing innovative and accessible financial services to support Sri Lanka’s commercial vehicle market, ultimately contributing to the growth of the nation’s transportation and logistics sectors.