Ashok Leyland sign MOU with Bandhan Bank

Teamed up to provide flexible vehicle financing solution

Chennai- Ashok Leyland Limited., of the Hinduja Group, a commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Bandhan Bank to form a strategic vehicle financing partnership. This collaboration will allow Ashok Leyland and Bandhan Bank to provide tailored financial solutions to their customers.

The Memorandum of Understanding (MoU) was signed by Mr. K.M. Balaji, CFO of Ashok Leyland, and Mr. Rajinder Babbar, Executive Director & Chief Business Officer of Bandhan Bank, with Mr. Sanjeev Kumar, President and Head of MHCV at Ashok Leyland, in attendance. This partnership will enable Bandhan Bank to offer comprehensive financial solutions to Ashok Leyland’s customers. The focus will be on addressing customer needs through vehicle loans with flexible monthly repayment plans designed to suit individual preferences.

Mr. K.M. Balaji, Chief Financial Officer, Ashok Leyland said, “Ashok Leyland is excited to collaborate with Bandhan Bank to offer compelling financing solutions to our customers. This strategic alliance will enhance Ashok Leyland's market position. Our vehicles, equipped with cutting-edge technology, provide the industry’s best total cost of ownership, ensuring optimal profitability for our customers. We are dedicated to delivering outstanding customer experiences.”

Mr. Sanjeev Kumar, President-M&HCV, Ashok Leyland said, “At Ashok Leyland, we are committed to continually improving our customers' experience and providing greater value. Through our partnership with Bandhan Bank, our customers will now benefit from comprehensive financing solutions, including specially designed easy repayment plans.”

Mr. Rajinder Babbar, Executive Director & Chief Business Officer, Bandhan Bank, said, “Bandhan 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.”

“Bandhan Bank is excited to partner with Ashok Leyland to deliver seamless vehicle financing solutions. This collaboration underscores our commitment to meeting the varied financial needs of commercial vehicle customers. We are confident that this partnership will help us broaden our reach and offer customized financing options to support the growth of businesses in the commercial vehicle sector.”

Bandhan Bank has consistently broadened its portfolio and remains dedicated to further expansion in key areas such as SME Loans, Gold Loans, Personal Loans, and Auto Loans, including Commercial Vehicle financing. The bank also provides a variety of products tailored for businesses, including Loans against Property, to ensure comprehensive financial solutions for a wide range of customer needs.