Ashok Leyland Inks MoU with Punjab Gramin Bank for Vehicle Finance

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with Punjab Gramin Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and Punjab Gramin Bank to offer customized financial solutions to the customers.

The MoU was signed by Mr. Viplav Shah, Head-LCV Business, Ashok Leyland, and Mr. A.K. Mittal, General Manager, Punjab Gramin Bank, in the presence of Mr. G.K. Negi, Chairman, Punjab Gramin Bank. Under this partnership, Punjab Gramin Bank will provide end-to-end financial solutions to Ashok Leyland's customers. The collaboration aims to enhance customer convenience by offering vehicle loans with flexible, easy-to-manage repayment options, tailored to meet individual needs and preferences.

Mr. Viplav Shah, Head - LCV Business, Ashok Leyland, said, “Ashok Leyland is delighted to partner with Punjab Gramin Bank to provide attractive financing solutions to our customers. This partnership will strengthen Ashok Leyland’s market position by offering comprehensive financing solutions with flexible, customized repayment plans. Leveraging the Bank’s extensive network, it will ensure greater convenience and accessibility for 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. G.K. Negi, Chairman, Punjab Gramin Bank, said, “Punjab Gramin Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. The partnership will enable the companies to provide tailored financial solutions, delivering convenience and comprehensive choices to customers. We are confident that this partnership will fulfil the business needs of both organizations, creating a significant positive impact and paving the way for continued progress and success in the commercial vehicle sector.”

Ashok Leyland today offers a versatile and comprehensive portfolio of trucks and buses, catering to the entire spectrum of commercial transportation needs—from intercity light commercial vehicles to long-haul trucks and a diverse range of buses. Designed with safety and driver comfort in mind, Ashok Leyland’s vehicles are built to deliver reliable performance across varied terrains and applications. As a pioneer in technological innovation in the commercial vehicle segment, the company is also leading the way in sustainable mobility with a range of buses and trucks powered by alternative fuels, reinforcing its commitment to reducing emissions and promoting eco-friendly transportation across India.