Ashok Leyland and Nagaland Rural Bank Sign MoU for Financing

Business |Agreements & Stratergies

Ashok Leyland & Nagaland Rural Bank partner to offer customized vehicle financing with easy repayment plans, boosting accessibility, financial inclusion, and growth.

Date: April 3, 2025

Ashok Leyland and Nagaland Rural Bank Sign MoU for Financing

Chennai- Ashok Leyland Limited., of the Hinduja Group Limited., a commercial vehicle manufacturer, has signed an MoU with Nagaland Rural Bank for a strategic vehicle financing partnership. This collaboration will provide customized financial solutions to Ashok Leyland customers.

The MoU was signed by Mr. C.Neelakantan, Head -Treasury and Direct Taxation, Ashok Leyland and Mr. Velayutham Sadhasivam, Chairman, Nagaland Rural Bank. Under this partnership, Nagaland Rural Bank shall provide end to end financial solutions to the customers of Ashok Leyland. The partnership will focus on meeting customer needs by providing vehicle loans with convenient monthly repayment plans tailored to their preferences.

Mr. Balaji K M, CFO, Ashok Leyland said, “At Ashok Leyland, we are dedicated to continuously enhancing customer experience and delivering greater value in our products and services. Nagaland Rural Bank is a regional rural bank with a strong presence in the state. With this partnership in place, our customers in the region will have access to comprehensive financing solutions with specially curated easy repayment plans”.

Mr. Sanjeev Kumar, President – MHCV, Ashok Leyland said, “Ashok Leyland is looking forward to collaborating with Nagaland Rural Bank to offer our customers highly attractive financing solutions. This strategic partnership not only strengthens our market presence but also reinforces our commitment to innovation and customer success. With cutting-edge technology and industry-leading total cost of ownership, our products are designed to drive profitability and value for our customers. We remain steadfast in our commitment to deliver exceptional customer experience and build long lasting relationships.”

Mr. Velayutham Sadhasivam, Chairman, Nagaland Rural Bank said, “Nagaland Rural Bank is delighted to collaborate with Ashok Leyland to provide seamless vehicle financing solutions. This partnership underscores our commitment to meeting the diverse financial needs of commercial vehicle customers across the state. We are confident that this alliance will help us expand our reach and offer customized financing options, fostering the growth of businesses in the commercial vehicle sector.”

Ashok Leyland offers a full range of trucks and buses, including eco-friendly alternatives, ensuring safe and efficient transport across India.

Nagaland Rural Bank (NRB) supports financial inclusion with tailored banking solutions, fostering economic growth and empowering communities in Nagaland.

Ashok Leyland Nagaland Rural Bank MOU