Ashok Leyland partners with Madhya Pradesh Gramin Bank for Vehicle Finance

Partnership to provide customized vehicle financing solutions for customers. The collaboration will offer flexible repayment plans, supporting business growth in the commercial vehicle segment.

Chennai- Ashok Leyland Limited., of the Hinduja Group., a commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with Madhya Pradesh Gramin Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and Madhya Pradesh Gramin Bank to offer customized financial solutions to customers

The MoU was signed by Mr. Viplav Shah, Head - LCV Business, Ashok Leyland and Mr. Gyanendu Kumar, General Manager, Madhya Pradesh Gramin Bank in the presence of Mr. R.C Behera, Chairman, Madhya Pradesh Gramin Bank. Under this partnership, Madhya Pradesh Gramin Bank will 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. Viplav Shah, Head - LCV Business, Ashok Leyland said, “At Ashok Leyland, we are focused on continuously elevating the customer experience and providing unmatched value. Our collaboration with Madhya Pradesh Gramin Bank enables us to offer comprehensive financing solutions, with flexible and customized repayment plans, ensuring greater convenience for our customers. Our products, featuring innovative technology, offer industry-leading total cost of ownership, ensuring maximum profitability for our customers. We remain committed to delivering exceptional customer experiences."

Mr. R.C Behera, Chairman, Madhya Pradesh Gramin Bank said, “Madhya Pradesh Gramin Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”

Ashok Leyland provides a wide range of trucks and buses, from light commercial vehicles to long-haul trucks, with driver-friendly features and a focus on safety. A leader in innovation, they offer alternative fuel buses to support eco-friendly transport in India.

Madhya Pradesh Gramin Bank (MPGB) is an amalgamated entity formed in 2019 from Narmada Jhabua Gramin Bank and Central Madhya Pradesh Gramin Bank. Sponsored by Bank of India, MPGB operates under the Regional Rural Bank Act, 1976, with headquarters in Indore and a network of 866 branches across 40 districts in Madhya Pradesh.