Peoples Leasing & Finance PLC and Micro Cars (Pvt) Ltd Join Hands to Offer Bus Leasing Facilities
Peoples Leasing & Finance PLC, and Micro Cars (Pvt) Ltd, announced the signing of a Memorandum of Understanding (MOU) on 26th May 2025. This collaboration is set to provide convenient and accessible leasing facilities for customers seeking to acquire Micro buses.
The partnership aims to support individuals and organizations looking to expand their transportation fleets, offering tailored financial solutions for the purchase of Micro buses. This initiative is expected to boost the public and private transport sectors, providing a more streamlined and affordable path to vehicle ownership.
The MOU was officially signed at a ceremony held in People’s Leasing Head Office, attended by senior management from both organizations. Representing Peoples Leasing & Finance PLC were Mr. Sanjeewa Bandaranayake – General Manager/Chief Executive Officer, and Mr. Udesh Gunawardena – Chief Operating Officer while Micro Cars (Pvt) Ltd was represented by Mr. Asela Lihinikaduwa – Group Director, and Ms. Ravika Perera – Director.
Speaking at the signing ceremony, representatives from both companies expressed enthusiasm for the new venture. “This MOU strengthens our commitment to empowering businesses and entrepreneurs by making quality transportation solutions more accessible,” stated Mr. Sanjeewa Bandaranayake – Chief Executive Officer/ General Manager of Peoples Leasing & Finance PLC.
“As we celebrate 30 years of service by providing a fully-fledged automobile manufacturer, we are delighted to partner with PLC to offer comprehensive leasing options for our buses. This collaboration undoubtedly assist many in acquiring reliable vehicles to meet the growing demand for efficient transportation” said Mr. Asela Lihinikaduwa – Group Director – Micro Cars (Pvt) Ltd.
People’s Leasing & Finance PLC, a subsidiary of People’s Bank, is Sri Lanka’s leading non-bank financial institution providing comprehensive leasing solutions, loans, and other financial services to individuals and businesses. With a strong commitment to excellence and customer satisfaction, People’s Leasing has played a pivotal role in transforming the Sri Lankan leasing industry.
