The partnership aims to foster growth in the commercial vehicle sector by delivering accessible, customer-centric financing options, supporting both new vehicle acquisitions and business expansion within India’s transport industry.
12 Nov 2024 | 4026 Views | By Autocar Professional Bureau
In a move to bolster vehicle financing options, Ashok Leyland, a flagship of the Hinduja Group, signed a Memorandum of Understanding (MoU) with Madhya Pradesh Gramin Bank. The collaboration aims to provide customised financing solutions for Ashok Leyland customers, offering flexible repayment plans tailored to customer preferences.
The MoU ...
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In a move to bolster vehicle financing options, Ashok Leyland, a flagship of the Hinduja Group, signed a Memorandum of Understanding (MoU) with Madhya Pradesh Gramin Bank. The collaboration aims to provide customised financing solutions for Ashok Leyland customers, offering flexible repayment plans tailored to customer preferences.
The MoU was formalised in a signing ceremony attended by Viplav Shah, Head of the Light Commercial Vehicle (LCV) Business at Ashok Leyland, and Gyanendu Kumar, General Manager of Madhya Pradesh Gramin Bank, in the presence of R.C. Behera, Chairman of Madhya Pradesh Gramin Bank. Under this partnership, Madhya Pradesh Gramin Bank will provide comprehensive financial support to Ashok Leyland’s customers, particularly those seeking vehicle loans with convenient monthly instalments.
Viplav Shah said, “Our collaboration with Madhya Pradesh Gramin Bank enables us to offer comprehensive financing solutions, with flexible and customised repayment plans, ensuring greater convenience for our customers. Our products, featuring innovative technology, offer industry-leading total cost of ownership, ensuring maximum profitability for our customers.”
Madhya Pradesh Gramin Bank’s Chairman, R.C. Behera, said the association reflects their dedication to serving the diverse financial needs of commercial vehicle customers. “We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment,” he added.
Ashok Leyland currently offers a diverse range of commercial vehicles, including trucks and buses, catering to a wide spectrum of transportation needs. From intercity light commercial vehicles to long-haul trucks and various types of buses, Ashok Leyland’s products are known for their safe transport and driver-friendly features. As an industry pioneer in technological innovation, Ashok Leyland has expanded its offerings to include buses powered by alternative fuels, supporting India's push for eco-friendly transport systems.