Ashok Leyland, ESAF Partners for Financing

Chennai - Ashok Leyland., a flagship of the Hinduja group and commercial vehicles manufacturer, partnership with ESAF Small Finance Bank., a banking service provider, to offer vehicle financing solutions to customers. The partnership was formalized in Chennai, with the memorandum of understanding signed by Mr. Viplav Shah, Head of LCV Business at Ashok Leyland, and Mr. George Oommen, Business Head of General and Mobility Loans at ESAF Small Finance Bank.

The collaboration aims to provide customers with customized financing solutions featuring flexible monthly repayment plans for Ashok Leyland's commercial vehicles. ESAF Small Finance Bank, as part of this partnership, will offer a range of comprehensive financial services to enhance customer convenience and accessibility.

Mr. Amandeep Singh, President of LCV, IO, PSB & Defence at Ashok Leyland, said, “The partnership aims to provide comprehensive financing solutions to customers. The collaboration is expected to strengthen Ashok Leyland's market position while offering financing options aligned with customer needs.”

Mr. George Oommen, Business Head of General Loans and Mobility Loans at ESAF Small Finance Bank, said, “This collaboration aligns with our mission to empower businesses and individuals through financial solutions that drive growth. By supporting commercial vehicle customers with customized financing options, we aim to contribute to economic development and promote financial inclusion.”

Ashok Leyland continues to address a wide range of customer needs, from intercity transportation to long-haul logistics, reaffirming its commitment to delivering tailored solutions. This strategic partnership represents a significant milestone in providing accessible and efficient financing options, ensuring that commercial vehicle buyers can seamlessly meet their operational and business requirements.