News & market updates

DIMO powered the Mercedes‑Benz Pageant 2025, which set a new world record with 635 Mercedes‑Benz vehicles gathered on 8 Feb 2026 at BMICH, certified by BDO Partners. DIMO, as Sri Lanka's authorised Mercedes‑Benz distributor, supported the event marking the brand's 140th anniversary.

DIMO.N0000 completed the design, supply, installation and commissioning of a 630-fixture LED floodlighting system across six high-mast towers at the Singhalese Sports Club, enabling SSC to host international day–night matches ahead of the ICC Men's T20 World Cup. The system meets ICC illumination standards, supports HD/4K/8K broadcasts and uses DMX centralised controls.

Mercedes-Benz Fashion Week Sri Lanka 2026 will take place 7–11 October 2026 at Cinnamon Life in Colombo; the event is presented by AOD and powered by DIMO, the authorised Mercedes‑Benz agent in Sri Lanka. The five-day showcase aims to connect South Asian designers with global fashion networks.

DIMO Healthcare supplied a range of ZEISS ophthalmic systems to the new Ninewells Eye clinic, including the OPMI LUMERA 700 surgical microscope and IOLMaster 700, to enhance diagnostic accuracy and surgical capacity.

CIM has appointed a Sri Lanka Professional Member Support Committee led by Dr. Lewie Diasz; the panel includes senior marketing executives from Lion Brewery, Hayleys, National Development Bank, HNB, DIMO and The Kingsbury.

Diesel & Motor Engineering PLC (DIMO.N0000) expanded its genuine Swaraj spare-parts dealer network across key agricultural regions and launched the 'Swaraj Parapura' island-wide doorstep service for Swaraj tractor owners ahead of the Maha season.

Sampath Bank signed an MoU with DIMO to offer exclusive vehicle finance benefits, including a 0.5% p.a. reduction on published lease/loan rates, zero-interest short-term insurance loans and waived credit-card joining fees. DIMO will provide model-specific privileges, warranties and discounts for Mercedes-Benz and Tata vehicles.

Colombo market slid as the ASPI fell 0.80% (182.14 pts) to 22,662.09 and turnover dropped to about Rs.2.34 billion, a near five-month low. Banking counters (SAMP, COMB, HNB) and names including RICH, Hemas, Access Engineering, ACL Cables and Diesel & Motor drove the declines and top turnover.

UN Global Compact Network Sri Lanka held CATALYZE 2025 on 24 November, convening business leaders including John Keells, Aitken Spence, Hemas, Hayleys, DIMO and Kelani Valley Plantations to discuss digital supply chains, gender equality, climate action, water stewardship and other sustainability priorities.

Colombo market closed higher for a second straight session, with the ASPI up 0.11% to 22,844.23 and the S&P SL20 up 0.20% to 6,311.30. Market turnover was over Rs.3.4bn (38% below the monthly average), foreign investors were net sellers of Rs.124.56m, policy rates were maintained and investors showed interest in hotel counters; key movers included HNB, DOCK, DIMO, AEL and PKME.

Colombo Stock Exchange ASPI rose 24.32 points to 22,844.23 as turnover fell to LKR 3.44 billion. Top contributors included Kerner Haus (CPRT) which jumped 124.50 rupees to 780.50 after signing a property management deal, and gains in HNB, DOCK, DIMO, AEL and PKME.

Diesel & Motor Engineering PLC (DIMO) has appointed Natasha Boralessa as an Independent Non-Executive Director, effective 1 December 2025. Boralessa brings 25+ years' senior leadership experience including roles at Brandix and as an Independent NED at BPPL Holdings.

Diesel & Motor Engineering PLC (DIMO.N0000) won the Diamond Award at CMA Sri Lanka's 11th Excellence in Integrated Reporting Awards 2025. Commercial Bank of Ceylon (COMB.N0000) and L B Finance (LFIN.N0000) received Silver/Bronze joint awards and Talawakelle Tea Estates (TPL.N0000) was a Gold co-winner.

Diesel & Motor Engineering (DIMO) won the Diamond Award for the most outstanding integrated report at the 11th CMA Sri Lanka Excellence in Integrated Reporting Awards 2025. Talawakelle Tea Estates shared the Gold award, Commercial Bank shared Silver, and Hayleys Fabric and L B Finance shared the Bronze awards.

DIMO PLC director Rajeev Pandithage says DIMO’s partnership with Mercedes‑Benz Fashion Week Sri Lanka continues as the event returns 19–23 November 2025 at Cinnamon Life.

Colombo market recovered from early losses to finish the week essentially flat, with the ASPI down 0.01% at 23,459.75 and the S&P SL20 down 0.34% at 6,435.93. Market turnover was over Rs. 5.6 billion, foreigners were net sellers (~Rs. 5.9m), and heavy activity was led by banking, capital goods and food sectors.

Colombo Stock Exchange closed marginally lower: ASPI fell 0.01% to 23,459.75 and S&P SL20 fell 0.34% to 6,435.93. Top negatives included Melstacorp, Sampath Bank, Diesel & Motor Engineering and Hayleys; Dipped Products posted a Sept-quarter net profit of LKR 920m and rose, while Ceylon Tobacco said volumes fell and its stock dipped.

ISMM held National Supply Chain Day 2025 on 24 October 2025, featuring technical sessions, a CEO Forum and the National Supply Chain Excellence Awards focused on innovation and resilience. Speakers from Singer (SINS.N0000), DIMO (DIMO.N0000) and Lion Brewery (LION.N0000) joined sessions on digital transformation and AI.

ASPI closed up 0.27% (62.41 pts) to 22,839.53 as HNW-led buying and large crossings in ATL, JKH and DOCK supported the recovery. Turnover was Rs.7.78bn with a net foreign outflow of Rs.857m; capital goods, insurance and retailing led activity.

Sri Lanka's ASPI rose 0.27% to 22,839.53 while the S&P SL20 fell 0.13% to 6,202.71; top contributors were Ceylinco Holdings, Colombo Dockyard, Singer (Sri Lanka), Ceylon Grain Elevators and Diesel & Motor Engineering. Market turnover rose to 7.78 billion rupees and spot gold traded at $4,010.92.

Colombo Stock Exchange rebounded as the ASPI rose 0.39% (88 pts) to 22,777.12 with turnover around Rs 5.38bn and foreign investors net sellers of Rs 372.5m. Key movers included Windforce (+17.6%), Colombo Dockyard (-9.9%) and gains in LAUGFS Gas and Lanka Realty Investments.

DIMO (Diesel & Motor Engineering PLC) has partnered with racing driver Yevan David to support his bid to become the first Sri Lankan to compete in FIA Formula 3, reflecting DIMO's commitment to promoting local automotive talent on the international stage.

DIMO unveiled a flagship Tata Passenger Vehicle showroom at Altair Colombo as part of a nationwide expansion of its Tata PV showroom network. The company plans further openings (Batticaloa, Kandy, Jaffna) and is expanding aftersales, EV charging, parts availability and financing options.

DIMO and Siemens completed Sri Lanka’s largest grid substation at Habarana, a Rs. 5 billion project. DIMO served as principal subcontractor for civil and electrical works and will provide warranty, spares and ongoing service and operator training.

DIMO, together with Siemens, completed Sri Lanka’s largest grid substation at Habarana, a Rs.5+ billion 220/132/33 kV greenfield facility. The 15-acre project increases transmission capacity and interconnection, reducing congestion and enabling future renewable integration and stability upgrades.

Colombo market rebounded as the ASPI rose 0.56% (123.87 pts) to 22,416.15 and the S&P SL20 gained 0.45% on turnover of around Rs. 8.9bn, with foreigners net selling Rs. 1.4bn. Hemas, Sampath, Vidullanka, Richard Pieris and DIMO were key positive contributors while banking stocks led turnover.

Colombo ASPI rose 0.56% to 22,416.15 on Thursday, led by gains in Hemas Holdings, Sampath Bank, Vidullanka and Diesel & Motor Engineering, with market turnover of 8.8 billion rupees.