New collaboration to offer customized financing with flexible repayment plans, tailored for commercial vehicle customers.

Ashok Leyland, a leader in India’s commercial vehicle industry, has partnered with Madhya Pradesh Gramin Bank to enhance financing options for customers. This strategic alliance, formalized through a Memorandum of Understanding (MoU), will enable customized loan solutions to meet customer needs.

The MoU was signed by Mr. Viplav Shah, Head of Ashok Leyland’s LCV Business, and Mr. Gyanendu Kumar, General Manager of MP Gramin Bank. Mr. Shah expressed excitement over the partnership, stating, “At Ashok Leyland, we aim to offer comprehensive financing options that elevate customer experience. This partnership ensures greater convenience with flexible, customized repayment plans.”

Mr. R.C. Behera, Chairman of MP Gramin Bank, commented on the collaboration: “We are thrilled to partner with Ashok Leyland in providing seamless vehicle financing solutions to commercial vehicle customers. This association allows us to extend our reach and support business growth in the commercial vehicle segment.”

Through this collaboration, MP Gramin Bank will provide end-to-end financial solutions, helping customers with options that fit their financial preferences. Ashok Leyland’s commitment to technological innovation across its diverse product line, from light commercial vehicles to eco-friendly buses, aligns with the bank’s mission of supporting the commercial vehicle sector’s varied needs.