COLOMBO, June 8 (ePRESS) – Citizens Development Business Finance PLC (CDB) has partnered with Micro Cars Ltd to offer customized financial solutions for customers, making vehicle ownership easier and more accessible across Sri Lanka through flexible payment plans, exclusive insurance benefits and a simplified financing process.
The partnership was formalized through the signing of a Memorandum of Understanding (MoU), aimed at providing special financing facilities for both personal and commercial vehicle buyers purchasing vehicles from Micro Cars.
Under the agreement, customers will benefit from tailor-made financial packages, flexible repayment periods and exclusive insurance advantages designed to make the vehicle purchasing process more convenient and affordable.
CDB Deputy CEO and Executive Director Damith Tennakoon said the company was pleased to work with Micro Cars to introduce innovative financing solutions for vehicle buyers.
“We are delighted to partner with Micro Cars to provide its customers with innovative and flexible financial solutions. This collaboration ensures that Micro vehicle buyers can access exclusive benefits and a seamless financing process, making vehicle ownership more convenient and rewarding,” Tennakoon said.
Micro Cars Group Director Asela Lihinikaduwa said the partnership would strengthen accessibility for customers while supporting the country’s changing mobility needs.
“As the authorized distributor for MG, Chery, SsangYong and Higer in Sri Lanka, we offer vehicles across all price ranges and fuel categories, including petrol, hybrid, plug-in hybrid and fully electric vehicles. This partnership with CDB will provide greater convenience and accessibility for our customers,” he said.
Lihinikaduwa noted that Micro Cars has more than 30 years of experience in Sri Lanka’s automotive sector and has built a strong reputation for providing quality vehicles and customer-focused services.
Officials from both companies said the partnership reflects their shared commitment to delivering innovative solutions that meet the growing demand for modern and affordable transportation options in Sri Lanka.
Micro Cars is one of Sri Lanka’s leading automotive companies and serves as the authorized distributor for several international vehicle brands. The company offers a wide range of vehicles supported by nationwide service facilities.
CDB is the fourth-largest non-bank financial institution in Sri Lanka and is widely recognized for its focus on innovation, sustainability, transparency and advanced financial solutions.
