Ashok Leyland signs MOU with South Indian Bank for Dealer Financing

Summary
– Ashok Leyland signs MOU with South Indian Bank for Dealer Financing
– Under this collaboration, the bank will offer competitive financing options to dealers

Ashok Leyland Limited has entered into a Memorandum of Understanding (MoU) with South Indian Bank to facilitate financing for its dealers under the bank’s dealer finance program.

This collaboration will enable Ashok Leyland Limited’s dealers to access competitive financing options provided by South Indian Bank.

Gopal Mahadevan, Director and Chief Financial Officer of Ashok Leyland Limited, expressed satisfaction with the partnership, highlighting its ability to offer appropriate inventory financing solutions to the company’s dealer network.

He emphasized the commitment of both Ashok Leyland and South Indian Bank to delivering exceptional customer experiences.

Biji S S, Senior General Manager & Group Business Head at South Indian Bank, echoed the sentiment, stating their pleasure in partnering with Ashok Leyland Limited.

She emphasized the bank’s aim to provide convenient and comprehensive financing choices to dealers through various financial solutions. Both parties anticipate that this partnership will address the business needs of both organizations and generate a positive impact.

About Ashok Leyland

Ashok Leyland, a flagship of the Hinduja group, is a leading player in the Commercial Vehicle (CV) sector. It holds the distinction of being the second-largest manufacturer of commercial vehicles and the fourth-largest manufacturer of buses in India.

Additionally, it ranks as the nineteenth-largest manufacturer of trucks globally. With its headquarters in Chennai and manufacturing facilities across India, as well as in the UAE and the United Kingdom, Ashok Leyland boasts a diverse portfolio and a strong international presence.

The brand’s recent recognition as the 34th-best brand in India underscores its stature in the industry.