Ashok Leyland, has signed a Memorandum of Understanding (MoU) with ESAF Small Finance Bank to provide customized vehicle financing solutions. This strategic partnership aims to enhance accessibility to financial support for Ashok Leyland’s customers, enabling them to purchase commercial vehicles with convenient repayment plans.
The MoU was signed by Mr. Viplav Shah, Head LCV Business, Ashok Leyland, and Mr. George Oommen, Business Head General Loans & Mobility Loans, ESAF Small Finance Bank, in the presence of Mr. Amandeep Singh, President LCV, IO, PSB & Defence, Ashok Leyland. Through this collaboration, ESAF Small Finance Bank will provide end-to-end financial solutions, ensuring a seamless buying experience for Ashok Leyland’s customers.
Mr. Amandeep Singh, President LCV, IO, PSB & Defence, Ashok Leyland, expressed his enthusiasm about the partnership, stating:
“At Ashok Leyland, we are dedicated to continuously enhancing our customers’ experience and delivering greater value. With the combined strength of ESAF Small Finance Bank and Ashok Leyland, our customers will now have access to comprehensive financing solutions with specially curated easy repayment plans.”
Highlighting the significance of this collaboration, Mr. Viplav Shah, Head LCV Business, Ashok Leyland, said:
“Ashok Leyland Light Commercial Vehicle Business is delighted to partner with ESAF Small Finance Bank to provide attractive financing solutions to our customers. This strategic partnership will strengthen Ashok Leyland’s market position. Driven by innovative technology, our products offer an unmatched total cost of ownership, ensuring optimal profitability for our customers. We are steadfast in our commitment to delivering exceptional experiences that exceed customer expectations.”
On behalf of ESAF Small Finance Bank, Mr. George Oommen, Business Head General Loans & Mobility Loans, shared his perspective on the alliance:
“We are delighted to join forces with Ashok Leyland to provide commercial vehicle owners access to seamless financing solutions customized to their needs. At ESAF Small Finance Bank, our mission has always been to empower businesses and individuals with financial solutions that drive growth and prosperity. This partnership with Ashok Leyland allows us to extend our commitment to financial inclusion by supporting commercial vehicle customers with accessible and customized financing options. Together, we aim to enable entrepreneurs and businesses to achieve their goals while contributing to economic growth and community development.”
Ashok Leyland continues to be at the forefront of India’s commercial vehicle industry, offering a wide range of trucks and buses designed to meet diverse transportation needs. From intercity light commercial vehicles to long-haul trucks and an extensive lineup of buses, Ashok Leyland’s portfolio ensures safe and efficient transport solutions. As a pioneer in technological innovation, the company is also advancing in sustainable mobility by introducing vehicles powered by alternative fuels, reinforcing its commitment to eco-friendly transportation in India.
This partnership between Ashok Leyland and ESAF Small Finance Bank marks a significant step in providing commercial vehicle buyers with enhanced financial support, ensuring easier ownership and fostering growth in India’s transport sector.
