Category: Daily Financial Times

Colombo Dockyard PLC (CDPLC) recently delivered the ninth vessel of the 5000 DWT Eco Bulk Carrier series, named ‘Misje Sakura’ to Misje EcoBulk AS of Norway, well ahead of the contractual delivery date, marking completion of yet another milestone in this successful long-term collaboration.

Following the handover of the first vessel in September 2022, CDPLC has continued to deliver each vessel in the series with increasing quality and efficiency. The completion of ‘Misje Sakura’ once again demonstrates Colombo Dockyard’s ability to build world class ships to European owners, meeting European quality standards.

The delivery ceremony was graced by the Owner Roald Misje, CFO Alina Printseva, Site Manager Thusitha Herath, and Site Superintendents Venura Wanasinghe and Prince Jawahar all from Misje EcoBulk.

Representatives from DNV comprised of the Country Manager Saman A. Kumarasinghe and Surveyor Gishan Dias. The Authorised Nautical Inspector Captain Nish Wijayakulathilaka participated in representing the Bahamas Maritime Authority. From CDPLC, the event was led by MD/CEO Thimira Godakumbura who officially handed over the vessel to the Owner in the presence of the senior management and staff of Colombo Dockyard.

The 89.95m DNV-classed Eco Bulker was conceptualised by Wartsila Ship Design Norway, with detailed design work carried out by CDPLC’s skilled in-house design team. In line with the latest trends in sustainable shipping, the vessel is equipped with an advanced Energy Storage Battery System (ESS) for Electric Hybrid Propulsion, complementing the conventional diesel propulsion system to enhance operational performance and reduce environmental impact.The successful delivery of ‘Misje Sakura’ reaffirms Colombo Dockyard’s reputation as a reliable shipbuilder of high-quality, eco-friendly vessels for discerning global clients.

CDPLC said it continuously proves its excellence through securing and successful execution of shipbuilding projects worldwide and is the front runner of Sri Lankan industrialisation. CDPLC also contributes heavily to the national export earnings from the shipbuilding sector with much needed foreign currency to the Sri Lankan economy and plays a leading role in uplifting and driving the maritime development strategy of Sri Lanka.

President and Finance Minister Anura Kumara Dissanayake with Treasury Secretary Dr. Harshana Suriyapperuma putting final touches to 2026 Budget – File photo

Few taxes are intrinsically democratic or undemocratic. They are just a way of funding the Government. But there are occasional exceptions, including a very significant one in Sri Lanka currently: the taxes raised by local Councils, especially property tax (aka rate assessment). The most important fact about the property tax in Sri Lanka is that it is trivial on virtually any measure. Most households do not pay for it. Those that do mostly hand over a few hundred rupees. It is mainly a small number of large commercial establishments that receive property tax bills that are big enough to notice. It follows that the property tax revenue collected by Municipal, Urban and Rural Councils (Pradeshiya Sabhas) is also trivial. As a proportion of GDP, it is one of the lowest in the world. The total revenue from property tax may not even cover the cost of collection. It makes almost no contribution to Local Council revenues; they depend almost entirely on Colombo to pay their staff and furnish them with a little grant money.

Local Councils

So where is the connection with democracy? It lies in the feebleness – political, organisational and financial – of Local Councils – and in the scope for changing that through property tax reform. Government in Sri Lanka is very centralised. Whoever wins power in Colombo takes all. Local Councils have very few financial resources of their own. Their staff are posted and paid from Colombo. Local Councils do not have strong electoral legitimacy: while formally elected for four-year terms, elections are frequently postponed and Councils’ powers are sometimes vested in special commissioners appointed from Colombo. And it is the Government in Colombo, rather than the law, that determines when local elections will be held. This particular democratic deficit is not new to Sri Lanka. It has received little consideration in recent decades because attention has been focused on urgent threats to democracy at national level – and perhaps because any mention of ‘local Government’ evokes the contentious issue of the powers of provincial Councils. But now that national level democracy seems secure, we can look again at the problem of the weakness of Local Councils – without being side-tracked by the hot-button provincial council issue.

Stronger Local Councils, more able to raise their own money and spend it according to local preferences, would enhance democracy in two ways. First, and most obviously, this would enhance political diversity, dilute the excessive power of Colombo over local affairs, and give people a stronger sense of engagement in their own governance even when they do not support the party in power in Colombo.

Unhealthily undemocratic

Second, stronger Local Councils would do a great deal for the political health of Sri Lanka’s political parties. For several decades, and with the significant exception of the NPP/JVP, most political parties have been unhealthily undemocratic. Much like private businesses, they have been controlled by individuals, families or small groups. They have lacked a stable organisation below the top level. Temporary party machines have been created to contest elections by processes of selection from above. The national leaders use their personal networks and resources to select individuals to organise and contest at district level. Those individuals in turn use the same mechanisms to select other individuals to organise and contest at the electorate level. The personal networks dominate over considerations of long-term affiliation with a particular party or consistent policy positions. And the personal networks are reshuffled continuously. Accordingly, most political parties have nothing resembling memberships, i.e. sets of people with long term attachments who can be expected to work for the party and in turn can anticipate some voice in the selection of candidates and leaders or in party policy.

Sri Lankan democracy will be even stronger when the NPP/JVP finds itself in competition for votes with another political party that has also enjoyed longevity, committed membership, and a degree of inner-party democracy

The NPP/JVP have won recent elections, and are likely to repeat the performance next time around, in part because, organisationally, they are so different from what has gone before. A political party that has a stable organisational structure and a cadre of members who will work for the party in exchange for a degree of inner-party democracy can be very attractive to voters – especially when the party is seen to exercise discipline over its members. Voters then know what they are voting for. They can reasonably anticipate that, next time there are elections, the same party with much the same people will be asking for support again, on much the same kinds of grounds. This induces real electoral accountability. Stable political parties build trust in the power of the vote, and in democracy more generally. Sri Lankan democracy will be even stronger when the NPP/JVP finds itself in competition for votes with another political party that has also enjoyed longevity, committed membership, and a degree of inner-party democracy.

So how would stronger Local Councils help nurture more healthily participatory and democratic political parties? The connections run through the fact that Local Councils with more powers and significant financial resources from improved property taxes would nurture local politicians with both authentic political and electioneering skills and a demonstrated capacity to manage and spend public money effectively.

Local elections would revolve increasingly around how local property taxes were raised and the money used. Because many voters would be paying noticeable property taxes, they would have a stronger interest in local elections and local affairs. And that would contribute to the democratic health of national political parties in two ways.

First, ordinary party members would earn and gain more of a voice in party affairs because many would have experience of managing Local Council affairs. Party leaders would need to pay them more attention. Second, party members and leaders would be in a better position to select for promotion people who would strengthen the party by virtue of demonstrated competence in managing local Government affairs. The NPP/JVP has given us a welcome taste of an organised, participatory and competent political party. A more effective Local Council system would provide opportunities both for the NPP/JVP to go further and for other parties to compete for votes on the same terrain.

There is currently a window of opportunity to use property tax reform to revive local Councils. First, the Government is anyway committed by its agreement with the IMF to introduce a meaningful property tax by 2027, and is already digitising existing property tax records in preparation. Second, the Government is already acting on its commitment to the IMF to make an annual cut of 25% in the money it transfers to Local Councils. Local Councils are already feeling this and looking for other sources of revenue

Window of opportunity

The moment matters. There is currently a window of opportunity to use property tax reform to revive Local Councils. First, the Government is anyway committed by its agreement with the IMF to introduce a meaningful property tax by 2027, and is already digitising existing property tax records in preparation. Second, the Government is already acting on its commitment to the IMF to make an annual cut of 25% in the money it transfers to Local Councils. Local Councils are already feeling this and looking for other sources of revenue. Third, there is now available globally the open-source digital technology needed to radically simplify the processes of valuing and revaluing buildings for property tax, and to slash the time required and the cost. As explained in a recent research publication from Verite, it would be quite possible to import this technology into Sri Lanka and adapt it to local needs.

In the rather colourless world of taxation, the planets rarely align so positively. And there is a final bonus: property taxes are one of the most equitable ways of raising Government revenue. People with more income and wealth live in larger houses and own more property. Let us tax them in proportion to the value of their properties, but exempt the poorest half of the population, whose houses anyway have such low values that their property tax assessments are not worth collecting.

From left: CSE Chief Regulatory Officer Nilupa Perera, InsureMe Chief Operating Officer Duneeka Prashanthi, Director Niranjan Manickam, Co-Founder and Director Indika Premathunga, IRCSL Director General Damayanthi Fernando, InsureMe Co-Founder and CEO Vipula Dharmapala, CSE CEO Rajeeva Bandaranaike, InsureMe Chairman Prajeeth Balasubramaniam, Atarah Capital Managing Director Rohan Senewiratne, InsureMe Non-Executive Independent Director Randeewa Malalasooriya, and Dialog Finance Chairperson and Dialog Axiata Group Chief Digital Services Officer Renuka Fernando

InsureMe, Sri Lanka’s pioneering digital insurance aggregator and one of the country’s top insurance intermediaries, was listed on the Colombo Stock Exchange (CSE) yesterday marking a new chapter in its growth journey as the nation’s first insurance intermediary to go public.

Founded in 2016 and licensed by the Insurance Regulatory Commission of Sri Lanka (IRCSL), InsureMe has transformed the way individuals and institutions purchase and claim insurance by introducing a transparent, technology-driven digital platform. Its listing underscores the company’s strong market position, proven track record of innovation, unwavering commitment to transparency and good governance, and its mission to expand the accessibility of insurance across Sri Lanka and beyond.

Over the years, InsureMe has built an ecosystem that connects customers with leading insurers, simplifying how insurance is searched, compared, purchased, and managed. The company also provides advanced InsurTech solutions to insurers and corporates through its technology arm, DIGIS, which recently marked its international debut in Singapore through a partnership with AJAX International – Singapore.

Through its end-to-end digital platforms and customer-centric approach, InsureMe has become a catalyst for digital transformation within Sri Lanka’s insurance sector, advancing the industry’s mission to ‘Make Insurance Easy for Everyone’, which remains the company’s core vision. The listing on the CSE is expected to further strengthen InsureMe’s growth trajectory, enhance its governance framework, build greater confidence among customers and investors, and accelerate its product and market expansion initiatives.

In addition to providing direct insurance solutions and InsurTech platforms to both individual and corporate clients, InsureMe is also among the few insurance intermediaries in Sri Lanka licensed by the Insurance Regulatory Commission of Sri Lanka (IRCSL) to operate as a Reinsurance Broker. This reflects the company’s strong technical expertise in the insurance domain, reinforced by a senior leadership team with over 150 years of combined experience in the insurance industry, both locally and internationally.

InsureMe Chairman Prajeeth Balasubramaniam said: ‘Today marks a milestone not just for InsureMe, but for the dreamers and innovators of Sri Lanka, those who dare to imagine and build a brighter future. It is a celebration of vision, unwavering resilience, and unstoppable growth by a startup less than 10 years old. Gratitude goes to the passionate leadership, dedicated employees, and all other stakeholders who made this moment possible. To our new investors, your trust and belief today will fuel tomorrow’s breakthroughs.’

Co-Founder and CEO Vipula Dharmapala said: ‘The company’s listing on the Colombo Stock Exchange is a defining milestone for InsureMe and the wider InsurTech ecosystem in Sri Lanka. It reflects not only our financial and operational maturity but also our belief that innovation and transparency can redefine public trust in the insurance industry. This step allows us to bring our vision, making insurance easy for everyone, to a broader audience of investors and stakeholders.’

InsureMe’s listing on the CSE positions it among Sri Lanka’s few homegrown, digital-first companies to enter the public market. This milestone not only underscores the company’s technological leadership and industry credibility but also reinforces investor confidence in the country’s rapidly expanding tech and digital services sector.

The Commonwealth Enterprise and Investment Council (CWEIC) has conveyed its condolences to Sri Lanka over the loss of life and extensive damage caused by Cyclone Ditwah, urging all Commonwealth nations to support the country’s recovery as the scale of devastation continues to unfold.

In a statement signed by CWEIC Chairman Lord Marland and Deputy Chairman Lord Swire, the council said: On behalf of the Commonwealth Enterprise and Investment Council, we extend our sincere condolences to the President and people of Sri Lanka for the tragic loss of life and the widespread destruction caused by Cyclone Ditwah.

With the death toll now exceeding 300, hundreds more people missing, and thousands left without homes or livelihoods, the impact on your nation is devastating, and affecting all parts of the country.

As Commonwealth friends, we acknowledge the suffering that Sri Lanka has already endured through natural disasters; floods, droughts, landslides, and the 2004 tsunami.

Sri Lanka has survived through the extraordinary efforts of countless volunteers and ordinary people. Once again, we see this remarkable resilience and cooperation from Sri Lankans who are working to restore order, basic services, and supplies where possible.

We appeal to all Commonwealth countries to support the recovery efforts, and we will keep Sri Lanka in our thoughts and prayers at this difficult time. CWEIC has a significant presence in Sri Lanka, and our Strategic Partners stand ready to assist in any way we can during this difficult time. We will continue to support international efforts and appeal to Commonwealth nations to contribute to Sri Lanka’s recovery.

Sampath Bank PLC recently signed a Memorandum of Understanding (MoU) with DIMO at the bank’s Head Office, unveiling an exclusive vehicle financing scheme designed to enhance the ownership experience for DIMO customers.

Through this collaboration, customers purchasing Mercedes-Benz passenger vehicles and Tata commercial and passenger vehicles from DIMO will gain access to a host of exclusive financial benefits from Sampath Bank. These include a 0.5% per annum reduction on published interest rates for vehicle lease, loans to cover insurance premiums with zero interest if repaid within two months, and Sampath Bank Credit Cards offered without a joining fee, enabling insurance premium payments with 0% interest over 12 months, subject to standard banking regulations.

In addition, DIMO will extend a range of customer-centric privileges for selected vehicle models. Buyers of Mercedes-Benz Passenger Vehicles will receive product demonstrations by appointment, test drive opportunities, and complimentary 24/7 island-wide roadside assistance. Purchasers of Tata Passenger Vehicles including EV and Petrol variants will receive similar benefits along with comprehensive warranty coverage such as three years or 100,000 km for fuel vehicles, eight years or 160,000 km for EV battery packs and motors, and three years or 125,000 km for full vehicle coverage.

Further enhancing its value proposition, DIMO will offer exclusive discounts on selected Tata Commercial Vehicles, including the Tata Ace HT2, Tata Xenon Yodha, Tata Bus range, Tata Truck range, and Tata Prime Movers.

As DIMO continues to drive Sri Lanka’s transport evolution, the partnership aims to deliver exceptional value to customers purchasing vehicles from DIMO, including globally renowned brands such as Mercedes-Benz and Tata. DIMO, Sri Lanka’s premier mobility solutions provider, brings to the market a full spectrum of vehicles catering to both commercial and personal mobility needs, including the latest electric models, advanced commercial fleets, and luxury passenger vehicles. Backed by an extensive island-wide expert after-sales service network and a legacy of excellence, DIMO continues to empower individuals, businesses, and communities with world-class automotive experiences.

This partnership reflects the shared commitment of Sampath Bank and DIMO to deliver bespoke mobility solutions backed by innovative financial schemes that empower individuals and businesses across the country.

The Cabinet has approved the establishment of the ‘Rebuilding Sri Lanka’ Fund as a statutory mechanism under the Presidential Secretariat to finance the country’s medium- and long-term recovery from Cyclone Ditwah.

A public-private Management Committee has been appointed to oversee the mobilisation and allocation of resources for reconstruction. The Fund will integrate both the public and private sectors to mobilise resources for rebuilding the country’s essential infrastructure, such as highways and irrigation systems damaged by the recent disaster.

The newly appointed Management Committee will be chaired by Labour Minister and Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando, with Senior Additional Secretary to the President G.M.R.D. Aponsu serving as Convenor.

The Committee includes senior Government officials and leading private sector representatives from Hayleys, John Keells, Aitken Spence, Brandix, and LOLC. It has been mandated to administer the Fund, set priorities, disburse resources, and maintain full transparency in financial operations.

The Government has also released designated accounts at the Bank of Ceylon and multiple international correspondent banks to enable both domestic and overseas donors to contribute in several currencies.

President Anura Kumara Dissanayake during a meeting held on Sunday with a group of private sector investors highlighted the extent of the devastation caused by floods and landslides, noting that the damage is far greater than what is visible on the surface. He emphasised that the Treasury alone cannot bear the full financial burden of recovery.

President Dissanayake further noted that funds for reconstruction could be mobilised through multiple channels, including local contributions, the Sri Lankan expatriates, foreign Governments, international organisations, and business associations. The coordination and management of these efforts will primarily be entrusted to the appointed Committee.

He further pointed out that houses, farmlands, plantations, highways, bridges, Government buildings, schools, and even electricity poles have been destroyed as a result of the disaster. Landslides have caused extensive damage to road networks, which will require major rehabilitation.

The President also noted that the Government has begun discussions with the World Bank to prepare a detailed assessment of the damage across sectors and the financial requirements for reconstruction. The World Bank has already been commissioned to conduct the Global Rapid Post-Disaster Damage Estimation (GRADE). The Government expects to receive the GRADE assessment within approximately two weeks.

The management committee comprises the following: Foreign Affairs, Foreign Employment and Tourism Ministry Director General – Europe and North America Sugeeshwara Gunaratna, Senior Additional Secretary to the President G.M.R.D. Aponsu, Senior Adviser to the President Duminda Hulangamuwa, Finance, Planning and Economic Development Ministry Secretary Dr. Harshana Suriyapperuma, Western Province Governor Hanif Yusoof, Labour Minister and Deputy Finance and Planning Minister Dr. Anil Jayantha Fernando,’Hayleys Group Executive Chairman Mohan Pandithage, John Keells Holdings Chairperson/CEO Krishan Balendra, LOLC Executive Chairman Ishara Nanayakkara, Aitken Spence Deputy Chairman and Managing Director Dr. Parakrama Dissanayake and Brandix CEO Ashroff Omar.

PMF Finance PLC has posted strong financial results for the six-month period ending 30 September 2025, demonstrating sustained growth, strengthened capital adequacy, and notable improvements in asset quality.

Key Highlights: Profit Before Tax: Rs. 300 million, compared to Rs. 117 million in the previous year – a 157% increase; Net Profit After Tax: Rs. 174 million, up from Rs. 110 million in the same period last year and Total Assets: Increased to Rs. 23.4 billion, compared to Rs. 19 billion as of 30 September 2024.

The company recorded an interest income of Rs. 2.42 billion, a significant rise from Rs. 1.87 billion during the corresponding period in 2024. After accounting for interest expenses of Rs. 1 billion, net interest income reached Rs. 1.42 billion, significantly higher than Rs. 890 million in the previous year.

Other income for the period amounted to Rs. 96 million. Operating expenses totalled Rs. 894 million, while impairment charges stood at Rs. 198 million.

Financial Position as of 30 September 2025:

Loans and Receivables: Rs. 19.1 billion (up from Rs. 13.3 billion)

Customer Deposits: Rs. 14.1 billion (up from Rs. 13 billion)

The company continued to demonstrate strong capital adequacy with a Tier 1 Capital Adequacy Ratio of 14.67% and a Total Capital Adequacy Ratio of 14.67%, both exceeding the regulatory requirements of 8.5% and 12.5% respectively. The Capital Funds to Deposit Liabilities Ratio improved to 22.73%, more than twice the minimum requirement of 10%.

Asset quality improvements were substantial:

Gross Stage 3 Loans Ratio: Improved to 5.96% from 10.9%

Net Stage 3 Loans Ratio: Improved to 3.92% from 8.86%

Stage 3 Impairment Coverage Ratio: Increased to 37.19

These improvements reflect strengthened credit risk management practices and prudent provisioning for credit losses.

Chairman Malik Cader said: ‘PMF Finance PLC is entering a promising phase of growth, and these results demonstrate our financial resilience and strategic clarity. Our focus will continue to be on strengthening our core and building capacity for future diversification in the financial services landscape.’

Chief Operating Officer Ivon Brohier said: ‘Our performance this quarter clearly reflects disciplined financial management and strong execution of our strategic roadmap. We remain committed to enhancing operational excellence, expanding our customer base, and creating long-term value for all stakeholders.’

These results underscore PMF Finance PLC’s commitment to prudent financial management, capital optimisation, and continuous improvements in asset quality. The company remains focused on strengthening its core business while laying the foundation for expansion into new financial services. With an ongoing emphasis on governance, risk management, digital transformation, and customer-centric solutions, PMF Finance PLC is strongly positioned to deliver sustainable, long-term value to its stakeholders.

Ceylon Motor Traders Association (CMTA), the voice of the automotive industry body affiliated to the Ceylon Chamber of Commerce, has initiated a national awareness campaign on the increasing risks of acquiring vehicles through various importers and the benefits of purchasing them through CMTA-authorised agents.

With many indirect imports continually rising into the Sri Lankan market, consumers are exposed to several hidden risks, including tampered mileages, accident repaired vehicles, unverified vehicle history, no warranty provided by the manufacturer, safety concerns, and no guarantee of authentic spare parts or after-sales availability in the country to assure ‘Peace of Mind’ mobility. The CMTA warned that while such vehicles may promise certain short-term savings, the long-term costs and risks to the consumer could be an expensive affair.

Manufacturer authorised agents provides multiple assurances that indirect imports cannot offer. This includes direct assistance from manufacturers such as trained staff, availability of parts, and reliable after-sales care including 24-hour roadside assistance throughout the vehicle’s life. It is important to note that vehicles purchased through authorised agents are supported by a comprehensive manufacture warranty. This not only saves substantial costs during the warranty period but also ensures high reliability. Additionally, it greatly reduces unnecessary outflow of foreign currency on repairs and import of spare parts for the Government.

Vehicles imported via authorised agents are built specifically to meet Sri Lankan conditions. They are also eligible for official manufacture recall actions, which are critical safety interventions that grey imports often miss. Furthermore, all payments related to the importation of the vehicles to the country are made ethically where precise import duties are paid to the Government with no under-invoicing nor funds transferred to suppliers through unauthorised channels. A further benefit for customers is that when the need arises, they are able to upgrade their vehicles through agents whilst being able to fetch a higher resale value for vehicles imported through the authorised agents.

CMTA Executive Committee Member Tharanga Gunawardena said, ‘The rise of in-direct imports has created serious concerns regarding both consumer safety and the national economy. Through this awareness campaign, our intention is to assist consumers make informed decisions and understand the real value of purchasing a brand-new vehicle through an authorised agent and the ‘Peace of Mind’ and authentic transactions they make’.

Vehicle imports through various channels have seen a rapid increase since the imports were relaxed in February 2025 and make up a considerable share of overall vehicle registrations. These vehicles do not go through any critical safety inspections, warranty processes or recall actions, unlike authorised agent imports, which leaves buyers without protection or assistance in the long term.

The CMTA stressed that this action is not merely a matter of consumer protection but involves the protection of Sri Lanka’s vehicle industry, equitable competition, as well as safeguarding government revenue. The Association reiterates its continued assistance towards regulatory efforts that ensure ethical trade and standards of safety and quality within the automotive sector.

The campaign encourages consumers to verify the origin of their vehicle before buying and to always invest on brand-new vehicles with CMTA-authorised agents. By doing so, they will help create a better, safer, more transparent, and sustainable automotive ecosystem for everyone.

People’s Leasing and Finance PLC said its Board has approved a listed, rated, unsecured, subordinated and redeemable debenture issue of up to 150 million units to raise Rs. 15 billion.

The proposed issue, with a five-year tenure, has received approval from the Central Bank. The company said the offering will proceed subject to remaining regulatory clearances with plans to list the debentures on the Colombo Stock Exchange. The proceeds are expected to strengthen the company’s funding base and support its lending operations.

PLC reported a total asset base of Rs. 276.8 billion as of end-September 2025, up 25.5% from six months earlier on Rs. 19.2 billion in stated capital and Rs. 25.7 billion in retained earnings.

The company reported net assets of Rs. 23.27 per share as of end-September 2025.

Hero MotoCorp manufacturer of motorcycles and scooters, has announced the expansion of its scooter portfolio with Xoom 110 Combat Edition and Xoom 125R at the Colombo Motor Show 2025, Sri Lanka’s premier automotive exhibition. With the expansion of Xoom portfolio, the Company solidifies its presence in Sri Lanka market with diversified offerings across 110cc and 125cc scooter segments.

Crafted with power, precision and a bold design, Xoom portfolio is built to reimagine everyday rides. The introduction of these two models aligns with the evolving preferences of Sri Lankan consumers, as the two-wheeler market continues to witness growing demand for scooters.

Strengthening presence across key segments

The 125cc scooter segment remains the largest in Sri Lanka. With the launch of Xoom 125R, Hero MotoCorp aims to meet the needs of everyday riders as well as young urban commuters, through a stylish yet accessible offering.

The Xoom 110 Combat Edition builds on the success of the Xoom 110, featuring a refreshed, premium design, and enhanced appeal within the entry-level scooter segment.

Nationwide availability and pricing

Hero MotoCorp in partnership with Abans Auto will continue to strengthen its footprint in Sri Lanka through its wide network of sales and service outlets across the country, ensuring seamless accessibility to products, spare parts, and after-sales support for customers.

The new range of scooters will be available at an introductory price (ex-showroom) – Xoom 110 Combat Edition -Rs. 719,900 and Xoom 125R -Rs. 829,900.

The retail sales for the Xoom 110 Combat Edition and Xoom 125R will commence in December 2025 across all authorised Hero MotoCorp sales and service outlets across Sri Lanka.

Beyond mobility, Hero MotoCorp is a major global promoter of sports, including golf, football, field hockey, and cricket. Hero MotoSports Team Rally is India’s flag bearer in global rally racing.