Ashok Leyland Partners with Drivn for EV Financing

Chennai- Ashok Leyland Limited., of the Hinduja Group and a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Drivn, a provider of financing and leasing solutions for electric commercial vehicles. The partnership aims to improve access to customized financing options for customers purchasing Ashok Leyland electric vehicles.

The MoU was signed by Niruban M, Head – Alternate Energy, Ashok Leyland, and Alpna Jain, CBO & Co-founder, Drivn, in the presence of representatives from both companies.

Under the partnership, Drivn will provide end-to-end financial solutions for Ashok Leyland's electric vehicle customers, including customized financing, leasing and fleet ownership options. The initiative is designed to make electric truck ownership more accessible by reducing upfront capital requirements and offering flexible repayment structures suited to different business requirements.

The collaboration is also expected to support wider adoption of electric commercial vehicles by improving financing accessibility and operational flexibility for fleet operators and businesses transitioning to e-trucks.

Mr. Sudip Dhali, Head-Marketing, Ashok Leyland said, "Ashok Leyland is delighted to partner with Drivn to offer attractive and accessible financing solutions to our EV customers. This strategic partnership will further strengthen our market presence by making our innovative range of electric commercial vehicles more accessible to businesses across the country. Backed by cutting-edge technology and delivering an industry-leading total cost of ownership, our products are designed to maximize customer profitability. We remain committed to providing best-in-class mobility solutions and an exceptional ownership experience for our customers."

Ms Alpna Jain, CBO & Co-founder, Drivn said, "We are pleased to partner with Ashok Leyland to offer seamless electric vehicle financing solutions. This collaboration reinforces our commitment to supporting businesses with accessible, tailored financial solutions that simplify vehicle ownership and enable growth. We aim to make electric commercial vehicle ownership simpler, more accessible, and more rewarding for our customers."

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