Ashok Leyland, a commercial vehicle manufacturer and part of the Hinduja Group, has signed a Memorandum of Understanding (MoU) with Bandhan Bank to provide vehicle financing to its customers. This strategic partnership will enable both companies to offer customised financial solutions.

The MoU was signed by Mr K.M. Balaji, CFO of Ashok Leyland, and Mr Rajinder Babbar, Executive Director & Chief Business Officer of Bandhan Bank, in the presence of Mr Sanjeev Kumar, President and Head of MHCV at Ashok Leyland. Under this collaboration, Bandhan Bank will offer comprehensive financial solutions, including vehicle loans with flexible repayment options to meet customer needs.

Mr K.M. Balaji expressed his enthusiasm about the partnership, stating that the collaboration will enhance Ashok Leyland’s market position by offering innovative products with industry-leading total cost of ownership. Mr Sanjeev Kumar added that this alliance will provide greater value to customers, offering easy and convenient financing options.

Mr Rajinder Babbar of Bandhan Bank noted that the partnership reinforces the bank’s commitment to meeting the financial needs of commercial vehicle customers and supporting business growth in the sector.

Ashok Leyland today offers a comprehensive range of trucks and buses to meet the full spectrum of commercial vehicle needs, from intercity light commercial vehicles to long-haul trucks and a wide variety of buses. Ashok Leyland’s vehicles ensure safe transport and driver-friendly options. As a pioneer in technological innovations within the truck and bus segment, Ashok Leyland is fully equipped with a range of buses powered by alternative fuels, dedicated to reducing pollution and promoting an eco-friendly transport system in India. 

Bandhan Bank has consistently expanded its portfolio and remains committed to further growth across key verticals such as SME Loans, Gold Loans, Personal Loans, and Auto Loans, including Commercial Vehicle financing. Additionally, the Bank offers a range of products tailored to businesses, including Loans against Property, ensuring comprehensive financial solutions for diverse customer needs.