Ashok Leyland, the Indian flagship of the Hinduja Group and a leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Madhya Pradesh Gramin Bank to establish a strategic vehicle financing partnership for its customers. This MoU will enable Ashok Leyland and Madhya Pradesh Gramin Bank to offer tailored financial solutions to customers.
The MoU was signed by Viplav Shah, Head - LCV Business at Ashok Leyland, and Gyanendu Kumar, General Manager of Madhya Pradesh Gramin Bank, in the presence of R.C. Behera, Chairman of Madhya Pradesh Gramin Bank. Through this partnership, Madhya Pradesh Gramin Bank will provide comprehensive financial solutions to Ashok Leyland's customers, focusing on vehicle loans with flexible monthly repayment plans designed to meet their preferences.
Viplav Shah, Head - LCV Business at Ashok Leyland, commented, "At Ashok Leyland, we are committed to enhancing the customer experience and providing unmatched value. Our collaboration with Madhya Pradesh Gramin Bank allows us to offer complete financing solutions, with customised repayment plans for greater convenience. Our products, featuring advanced technology, offer industry-leading total cost of ownership, ensuring maximum profitability for our customers. We remain dedicated to delivering exceptional customer experiences."
R.C. Behera, Chairman of Madhya Pradesh Gramin Bank, said, "Madhya Pradesh Gramin Bank is pleased to partner with Ashok Leyland to provide seamless vehicle financing solutions. This association reflects our commitment to meeting the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to reach more customers and offer tailored financing options to support the growth of businesses in the commercial vehicle sector."