Ideal

With over three decades of disrupting the local automotive and after-market solutions industry, Ideal Holdings and Ideal Group is a truly Sri Lankan Group of Companies leading the way in Sri Lanka. The Group’s strength consists of over a 1,000 team members and boasts turnover of more than Rs. 20 billion annually. As a pioneer, Ideal Group specializes in assembly, import and distribution of motor vehicles and multi-brand spare parts, automotive after sales services. In Q2 FY19 Indian giant Mahindra Finance announced the investment of Rs. 2 b till Q4 2021 increasing its stake in Ideal Finance to 58.2%. Through Ideal Finance the Group focus on Finance and Real Estate services, logistics and a plethora of services uplifting economical standards and enabling every citizen in the country. Ideal Group holds the sole authorized distributor rights of Mahindra motor vehicles and motor cycles in Sri Lanka and the co-ownership of Sri Lanka’s “first automotive assembly and production plant” in Welipenna, which is a bi-product of the joint venture between Ideal Group and India’s automotive giant, Mahindra and Mahindra. In 2019, a Rs. 3 billion investment made way for a state – of – the - art assembly plant in 2019 forming Mahindra Ideal Lanka (Pvt) Ltd in which Ideal Group holds an ownership of 65%. With its capacity to manufacture 5,000 vehicle units per annum, the assembly plant is expected to export vehicles to the South Asian countries and continue to stamp the global footprint. It is also the nucleus of KUV100 NXT, the first 'Make in Sri Lanka' SUV car introduced. Following a service first philosophy the Group claims a large footprint across Sri Lanka with its island wide network of Ideal sales showrooms, after market, genuine spare part dealers, multi brand workshops, tyres, and premier workshops