The Flagship Of Hinduja Group, Ashok Leyland and Bandhan Bank

The Flagship Of Hinduja Group, Ashok Leyland and Bandhan Bank Forge Strategic Alliance for Vehicle Financing

Ashok Leyland, the prominent Indian commercial vehicle manufacturer under the Hinduja Group, has announced a strategic partnership with Bandhan Bank, aimed at providing tailored vehicle financing solutions to its customers. This collaboration, formalized through a Memorandum of Understanding (MoU), promises to enhance the financial accessibility for Ashok Leyland's customers by offering customized financing options.

The 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- MHCV of Ashok Leyland, also in attendance. This new alliance will enable Bandhan Bank to deliver comprehensive financial solutions, including vehicle loans with convenient monthly repayment plans designed to suit individual customer preferences.

Mr. K.M. Balaji, CFO of Ashok Leyland, expressed enthusiasm about the partnership, stating, “We are thrilled to join forces with Bandhan Bank to offer our customers attractive financing options. This strategic collaboration will fortify Ashok Leyland’s market presence and enhance the value we deliver. Our innovative products are engineered for superior efficiency and profitability, and we are committed to delivering exceptional experiences to our customers.”

Mr. Sanjeev Kumar, President-M&HCV of Ashok Leyland, added, “This partnership signifies our commitment to continuously improving our customer experience. With the combined strengths of Bandhan Bank and Ashok Leyland, our customers will benefit from comprehensive financing solutions and easy repayment plans that are tailored to their needs.”

Mr. Rajinder Babbar, Executive Director & Chief Business Officer of Bandhan Bank, noted, “Bandhan Bank is delighted to collaborate with Ashok Leyland to offer seamless vehicle financing solutions. This partnership underscores our dedication to addressing the diverse financial needs of commercial vehicle customers. We believe this collaboration will broaden our reach and provide specialized financing options to support business growth in the commercial vehicle sector.”

Mr. Prakash Hinduja, Chairman of the Hinduja Group, Europe, also shared his thoughts on the partnership: “This strategic alliance between Ashok Leyland and Bandhan Bank marks a significant step in enhancing the financial accessibility for our customers. We are proud to support this initiative, which aligns with our commitment to fostering growth and innovation in the commercial vehicle sector.”

Ashok Leyland continues to offer a wide range of trucks and buses designed to meet various commercial vehicle needs, from intercity light commercial vehicles to long-haul trucks and diverse buses. The company remains at the forefront of technological advancements in the truck and bus industry, including a fleet of eco-friendly buses powered by alternative fuels, dedicated to reducing pollution and promoting sustainable transport in India.

Bandhan Bank, known for its expanding portfolio, remains focused on growth across critical verticals such as SME Loans, Gold Loans, Personal Loans, and Auto Loans, including Commercial Vehicle financing. The bank also provides a range of products tailored to business needs, including Loans against Property, ensuring a comprehensive suite of financial solutions for its diverse customer base.

About the Hinduja Group

The Hinduja Group is one of India’s premier diversified and transnational conglomerate. Employing about 200,000 employees, with a presence across 38 countries, it has a multi-billion-dollar revenue. The Group was founded over a hundred years ago by Shri PD Hinduja whose credo was "My duty (dharma) is to work so that I can give." The Group owns businesses in Mobility, Digital Technology, Banking and Financial Services, Media, Project Development, Lubricants and Specialty Chemicals, Energy, Real Estate, Trading, and Healthcare. The Group also supports charitable and philanthropic activities across the world through the Hinduja Foundation.

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