Chennai- Ashok Leyland Limited., a commercial vehicle manufacturer of the Hinduja Group., has entered into a strategic vehicle financing partnership with Tamil Nadu Grama Bank through the signing of a Memorandum of Understanding (MoU). This collaboration aims to offer customized loan options and improve access to commercial vehicle financing across Tamil Nadu.
The MoU was signed by Mr. Viplav Shah, Head of LCV Business at Ashok Leyland, and Mr. Kannan Ponnuraman, General Manager of Tamil Nadu Grama Bank, in the presence of Mr. Mani Subramanian, Chairman of the bank.
As part of this partnership, Tamil Nadu Grama Bank will offer end-to-end financial solutions to Ashok Leyland customers, including flexible vehicle loan products with convenient monthly repayment plans tailored to individual customer needs. This initiative is expected to make commercial vehicle ownership more accessible and financially viable for customers across the state.
Mr. Viplav Shah, Head-LCV Business, Ashok Leyland, said, “We are delighted to partner with Tamil Nadu Grama Bank to offer our customers convenient and attractive vehicle financing solutions. This strategic collaboration will further strengthen Ashok Leyland’s presence in the market and enhance accessibility to our innovative, cost-efficient products. At Ashok Leyland, we are committed to delivering industry-leading value and exceptional experiences for our customers, empowering them to achieve greater profitability and success.”
Mr. Mani Subramanian, Chairman, Tamil Nadu Grama Bank, said, “Tamil Nadu Grama 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.”
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