News & market updates

Diesel & Motor Engineering (DIMO.N0000) launched the all‑new 2025 Jeep Wrangler and Gladiator in Sri Lanka, offering a five-year/150,000km warranty. The launch featured a three-day Legends Unleashed convoy and includes MOPAR-certified service and islandwide 24-hour roadside assistance.

The Sri Lanka Retail Forum 2025 ('Retail Reimagined — Where AI Meets the Human Edge') will be held on 23 Oct 2025 in Colombo, bringing 450+ retail and tech leaders; sponsors include John Keells CG Auto and Singer, DIMO is logistics sponsor, and Dialog Axiata is represented among speakers.

Colombo market rebounded with the ASPI up 0.35% to 22,174.74 and turnover of Rs.13.3 billion amid upbeat sentiment after the IMF's positive review; the banking sector led turnover (48%) and Commercial Bank, DIMO, Bukit Darah, Carson and Wind were among top contributors.

IMF staff-level agreement gives Sri Lanka access to about US$347m and Colombo stocks closed higher; the ASPI rose 0.51% to 22,209.83. Turnover was Rs 13.3bn led by banks and diversified financials, with top contributors Commercial Bank, DIMO, Bukit Darah, Carson Cumberbatch and WindForce.

NDB Bank signed a memorandum of understanding with DIMO to offer affordable leasing for DIMO passenger brands (including Mercedes‑Benz and Tata) and Tata commercial vehicles, featuring quick approvals, minimal documentation and tailored repayment plans to support individuals, SMEs and corporates.

DIMO’s fully owned subsidiary DIMO Moveflex launched ZHONGTONG’s new premium bus range in Sri Lanka and handed over 17 buses to customers. The models target tourism, intercity and institutional transport with claimed 10–15% fuel-efficiency gains and island-wide after-sales support.

Colombo bourse extended its rally for a 12th session as the ASPI rose 0.33% to 21,851.30, led by banking-stock buying and positive contributions from MELS, HHL, DIMO and RIL. Turnover was Rs. 6.46bn and foreign investors were net buyers of Rs. 90.7m.

Sri Lanka's ASPI rose 0.33% (72.70 pts) to 21,851.30, while the S&P SL20 gained 0.20% to 6,138.79. Top contributors included Melstacorp (173.50), Hemas Holdings (33.50) and Diesel & Motor Engineering (2,184.75); market turnover was 6.5 billion rupees.

Colombo Stock Exchange extended its rally into an 11th session as the ASPI rose 0.47% (102.30 pts) to 21,778.60 with turnover of Rs. 6.27 billion and foreign net outflows of Rs. 362.2 million. Top contributors included DIMO, BUKI, CCS, MELS, WATA and SUN, with gains also in CHOT and PKME.

Colombo Stock Exchange ASPI rose 0.47% to 21,778.60, led by gains in Diesel & Motor Engineering (DIMO.N0000), Bukit Darah (BUKI.N0000), Ceylon Cold Stores (CCS.N0000), Melstacorp (MELS.N0000) and Watawala Plantations (WATA.N0000).

Colombo bourse extended its rally into a sixth session as the ASPI rose 0.26% (55.97 pts) to 21,282.84, with turnover of Rs.6.56bn and net foreign inflows of Rs.61.4m. Diversified financials led turnover and NBFIs anchored the move; top contributors included HAYL, CALH, BIL, DIMO and CCS.

The Colombo Stock Exchange's ASPI rose 0.26% to 21,282, led by gains in diversified financials, banks and capital goods. Top contributors included Hayleys, LOLC, Browns Investments, DIMO and Ceylon Cold Stores, with turnover Rs6.56bn and a net foreign inflow of Rs61.38m.

DIMO (Diesel & Motor Engineering PLC) ran DIMO Care Camp (Jul 30–Aug 11, 2025) and Mahindra Tractor Service Camps (Aug 7–31, 2025), providing tractor inspections, servicing, spare parts and health clinics across multiple districts ahead of the Maha season.

DIMO (DIMO.N0000) opened a flagship Tata passenger vehicle showroom at Altair Colombo, expanding its nationwide Tata PV showroom network and planning further outlets in Batticaloa, Kandy and Jaffna; the rollout includes aftersales, EV charging and financing initiatives.

Ten corporates, including SPEN.N0000, LOLC.N0000, CARS.N0000, SUN.N0000, PKME.N0000 and DIMO.N0000, sponsored the Daily FT-CICRA 11th Annual Cyber Security Summit to provide cybersecurity training to over 100 state university students.

DIMO (Diesel & Motor Engineering) launched Mercedes-Benz OH1626L buses in Sri Lanka, introducing 260 hp, Euro 4-compliant coaches with advanced safety and comfort features plus dedicated aftersales, financing, training and mobile service support for fleet operators and tourism providers.

Colombo's ASPI hit an all-time high, closing at 21,062 (+65) on turnover of Rs.13.2bn with net foreign selling of Rs.1bn. John Keells and Commercial Bank led turnover while investor interest shifted toward property names such as Prime Lands Residencies and RIL Property.

MSCI added seven Sri Lankan companies—GUAR, DIMO, JAT, KHL, RIL, PARQ and VFIN—to its Frontier Markets Small Cap Indexes, raising Sri Lanka's index coverage to 12 constituents as of the market close on 26 August; no Sri Lankan removals were made in the review.

DIMO (Diesel & Motor Engineering PLC) and Tata Motors launched 10 new commercial trucks and buses in Sri Lanka, expanding DIMO’s distribution portfolio under their 65-year partnership. Select models include up to 3-year/300,000 km warranties and support from 15 nationwide service centers.

DIMO Agribusinesses (Diesel & Motor Engineering PLC) announced five winners of the LOVOL Harvester Pancha Maha Nidhanaya raffle, each winning a DIMO Batta lorry from purchases made 1 May–31 July 2025. The draw was supervised by the Western Province IRD and the company will deliver the lorries soon.

DIMO (Diesel & Motor Engineering) delivered integrated building services to the Cinnamon Life development, supplying and commissioning Siemens-powered fire detection and suppression systems, a central BMS, lighting controls, access control, CCTV and smart HVAC solutions.

Indrajit Wickramasinghe has been appointed an Independent Non-Executive Director of Diesel & Motor Engineering PLC (DIMO.N0000). He is an ex-CEO of Union Bank with over 36 years' management experience and currently sits on the boards of Three Acre Farms, Ceylon Grain Elevators and Overseas Realty.

DIMO has partnered with Bank of Ceylon to offer leasing of Mercedes‑Benz, Jeep and Tata vehicles with concessionary interest rates to expand access via BoC's 651 branches. The deal includes discounts on Tata commercial vehicles and waived insurance for ACE HT2 and XENON YODHA pick‑ups until end‑August 2025.

Diesel & Motor Engineering (DIMO.N0000) is offering Sri Lanka's first warranted rubber tracks on LOVOL harvesters — up to 500 working hours (full for first 300, prorated 300–500) — plus a two-year harvester warranty and a Yala-season door-to-door Service Care program with inspections and repairs.

DIMO (Diesel & Motor Engineering PLC) has secured the contract to design and supply the Low Voltage power distribution system for Marina Square – Colombo, serving 1,088 apartments plus a retail mall and amenities. The SIVACON switchboards and DIMO Lumin Apartment DBs were manufactured locally under a Siemens license and comply with IEC 61439 standards.

DIMO (Diesel & Motor Engineering PLC) held DIMO Mega Fiesta – Jaffna 2025 from 24–28 June, offering free technical inspections and up to 50% discounts on genuine Tata spare parts for commercial vehicles. The campaign also provided on-site leasing/insurance consultations and free health check-ups for customers.

Andre Fernando, Chairman of MAC Group, was re-elected President of the Sri Lanka–France Business Council at its 21st AGM on 8 July. The council emphasized tourism and investment initiatives and is pursuing France–Sri Lanka cooperation on economic collaboration, maritime, logistics and aviation to boost a logistics hub.

France and Sri Lanka recorded €540m in bilateral trade and $485m of French investment in 2024; France pledged support for the Colombo Port Safety Project, maritime cooperation, boosting tourism (French arrivals ~100,000) and GI protection for Ceylon tea.

DIMO secured the contract to design and supply the Low Voltage power distribution system for Marina Square – Colombo, a 1,088-apartment luxury development. The Type‑tested SIVACON LV switchboards and DIMO Lumin Apartment DBs were manufactured at DIMO’s Weliweriya facility under license with SIEMENS (IEC 61439 compliant).