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NDB continues to revolutionize vehicle financing

A hassle free finance scheme for second hand vehicles :

NDB has yet again transformed the country’s vehicle financing platform by extending its unique leasing facility with no guarantors and down payments, to enable the financing of registered vehicles. This special financing scheme for registered vehicles will grant a distinctive opportunity for growing enterprises and aspiring individuals to drive away with their own vehicle with ease.

With this unique new facility, customers will be able to enjoy customised repayment terms to match the individual repayment capacity along with discounted insurance premiums. Further, the ability to obtain a prior credit assessment to determine the maximum finance value that can be obtained will help the customers make well informed decisions on the vehicle they would be able to purchase. The facility is processed with minimal documentation and promises the convenience of a quick financing option which would enable customers to drive away in the vehicle of their choice within one day.

This special scheme had been particularly devised to finance the purchase of second-hand, registered vehicles to be used for personal, business or agricultural purposes. The types of vehicles that can be financed include cars, vans, jeeps and double cabs as well as lorries, trucks and buses. The dynamic, experienced team at NDB is committed to delivering a superior service to enable customers to obtain the facility within the shortest possible time.

Commenting on this scheme, Vice President and Head of Retail and SME banking at NDB, Raj Aboobucker said, “at NDB, our priority is to ‘change lives’ of our customers by being innovative and customer friendly. Accordingly, last year NDB took the initiative of abolishing all barriers to make leasing for unregistered vehicles more accessible and convenient. Having removed the hassle of obtaining guarantors and making down payments, now customers can get a lease facility within just one day. We have now taken this innovative solution further by extending it to registered vehicles as well. We hope that all Sri Lankans seeking convenient and fast vehicle financing solutions will come to NDB to take advantage of this offering”.

This vehicle finance scheme is available for all Sri Lankans and is offered via NDB branches island-wide making it convenient and accessible to all.

NDB remains committed towards enriching the lives of their customers by helping them achieve their lifestyle goals through a range of tailor made products and services.

Maxtrek – the tyre with 50,000 kilometer warranty

MAXTREK Tyres with TS/16949 and ISO 9001 certified together with system certification, 3C product quality certification, American Standard DOT, GCE, E-mark, INMETRO and SONCAP announced through their sole distributor Tradesmann Sri Lanka a warranty of 50,000 kilometers for world renowned Maxtrek passenger car and light truck radial tyres.

Mextrek warranty certificates were handed over to several dealers and here Ranjith Piris Senior Business Manager Tradesmann Ltd is seen handing the Maxtrek warranty certificate to one of their dealer’s Nimesh Nonis of Nimesh Tyre Center, Chilaw Road, Nainnamadama East.

The Tradesmann has introduced the Maxtrek tyre to the Sri Lankan market with the ultimate objective of providing a safe, comfortable and an economical drive to all Sri Lankan vehicle users.

Speaking to Daily News Business page, The Tradesmann, Commercial Manager, M.K. Wijethunga said, “It is every driver’s wish to purchase the best tyre that provides a safe, comfortable and an economical drive. We firmly believe that Maxtrek tyres will provide these three aspects along with the highest quality assurance. That is why we give all our customers a guarantee of 50,000 kilometers, a hitherto unmatched offer in Sri Lanka.”

Brand Manager, Tharanga Witharana elaborating on this commented “Consumers can now purchase Maxtrek tyres that is recognized world wide for their superior quality right here in Sri Lanka. A tyre plays a major role in increasing the fuel efficiency of any vehicle. Using Maxtrek tyres they can not only get a better performance but also get better fuel efficiency.”

Millions of drivers around the world in 96 countries prefer Maxtrek tyres by choice because of the safety features, increased mileage, comfort to the driver. Maxtrek is only one of the internationally recognized tires that is marketed by the Tradesmann SL in addition to some of the other internationally recognized brands are Continental, BKT, Durun, Megastar, Ralco, Safe Holder, Sportrak and T and T tubes and flaps.

The Tradesmann SL is a diversified business model established in 1956 involved in Manufacturing, Trading and Distribution of Hardware, Electrical, Tire, and Steel Roofing. With a product portfolio exceeding 1000 products and owning over 100 brands catering to a vast variety of consumer needs.

The traditional 56 year door-door distribution operation directly serves a base of over 20,000 customers and enjoys market leadership in a multitude of products and categories.

BMW valuable global car brand

BMW replaces the Japanese automaker Toyota as the world’s most valuable car brand. The annual ranking is conducted by Millward Brown as part of the BrandZ Top 100 Most Valuable Global Brands study.

Same report says Mercedes-Benz, Volkswagen and Audi have improved their brand value as well.

Peter Walshe, Millward Brown global brand director, said that BMW has been able to effectively communicate what sets it apart from other carmakers, while still delivering “a very decent product.”

“As one of the great brands in the world, BMW has been absolutely consistent in the long-term regarding what is meaningfully different about their brand, in highly competitive market places,” Walshe said.

Last time BMW was awarded the number 1 spot was in 2010, while Toyota held the top spot for three years between 2006 and 2009. The Japanese automaker came back once again in 2011 to take the reign.

The German automakers improved their position due to their increasing position in the Asian market, more specifically China. The Japanese automakers have been affected by earthquakes, tsunami and other disasters.

“Toyota is certainly seen as a good value, very reliable and very trustworthy, which are all tremendous qualities, especially for mid-range buyers,” Walshe said. “The problem with Toyota has to do with its financials, not brand, due to the disasters, which were clearly out of its control.”

Hyundai’s brand recognition continues to increase and it’s the first Korean automaker to enter the top 10.

DSL celebrates ‘GT awards night 2012’

From left: Y. C. Chong, Executive Deputy General Manager, GITI Tire Co., Ltd, China, U. P. W. Perera, Proprietor, U & H Wheel Service, GT Dealer of the year – Silver Award, Saroj Perera, Chairman/ Managing Director, DSL Group of Companies, M. P. W. N. C. G. Peiris, Proprietor, M. J. R. Peiris & Sons Pvt Ltd, Kandy, GT Dealer of the year – Bronze Award, Gemunu Gunawardene, Proprietor, Universal Tyre Service, GT Dealer of the year – Gold Award, Sarath Wijesinghe, Ambassador for the Republic of Sri Lanka in Dubai, A. Warnakumara, Proprietor, Thisara Tyre & Spare Parts (Pvt) Ltd, Negambo, GT (China) Dealer of the year – Gold Award, V. A. Premarathne, Proprietor, Sandagiri Battery Works, Kiribathgoda, GT (China) Dealer of the year – Silver Award, Chanaka Pussewala, Proprietor, Chanaka Tyre Works, Ratmalana, GT (China) Dealer of the year – Bronze Award, William Gozali, General Manager, Exports, PT. Gajah Tunggal Tbk, Indonesia and Basil Dassanayake, Executive Director, Douglas & Sons Pvt Ltd

Douglas & Sons (Pvt.) Ltd (DSL) showcased yet another amazing grand show of its kind, the “GT Awards Night 2012” for its tyre dealers at Hotel Grand Hyatt, in the fascinating city of Dubai recently, amidst an audience of high profile dignitaries including the Ambassador for Sri Lanka in Dubai, Sarath Wijesinghe, who graced the occasion as Chief Guest and Abdul Rahim who was the Guest of Honour.

Addressing the audience, Chairman, Saroj Perera said “We are gathered here to celebrate the success of our achievements during the past year.”

Perera speaking further said that DSL/GT family together has made GT tyres a frontrunner in the imported tyre segment in Sri Lanka for 16 consecutive years and commended the dealers for their loyalty and commitment towards GT, while also acknowledging the unstinted support of DSL marketing team for the continuous support through the years.

A total of 250 participants some with their families were flown to Dubai on an all expenses paid tour that lasted for four days. The tour from beginning to end was packed with fun and entertainment and the adventurous Desert Safari was an unforgettable experience enjoyed by all.

Shopping in Dubai and the dinner on board a cruise were the most anticipated activities, which was also an exciting first hand experience for many.

We at DSL wish to endorse our commitment of ensuring drivers a comfortable and safer ride on the road with GT brand tyres, renewing our pledge towards end-users.

Japan’s April auto output soars in year after quake

Japan's major automakers on Monday reported huge production increases for April, as the hard-hit sector recovers from the devastating impact of last year's quake-tsunami.

Heavyweights Toyota, Nissan, and Honda saw huge jumps in output from the same month a year earlier when they slashed production and shuttered plants due to power shortages and a parts supply crunch after the disaster. Toyota, the nation's biggest automaker, said output at its factories in Japan surged more than three-fold to 352,973 vehicles last month, while overseas production rose 64.8 percent in the period to 439,988. Honda Motor said its production at home skyrocketed 514.4 percent to 87,049 vehicles, while foreign output climbed by 112.5 percent to 264,614.

Nissan's production, meanwhile, jumped 94.0 percent to 85,734 at home, while overseas production rose 39.2 percent to 283,788.

Japan's auto sector suffered one of its worst months on record in April last year, while flooding in Thailand later in the year added to the pain as Japanese manufacturers with plants in the country saw their supply chains hammered. Most automakers returned production to pre-quake levels by the end of 2011.

AFP