Ashok Leyland ties up with Adani Capital for LCV financing

Will offer customised financial solutions for the Dost, Bada Dost and Partner load-carriers and the MiTR range of school and staff buses.

Autocar Pro News Desk By Autocar Pro News Desk calendar 21 Jul 2022 Views icon4898 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp

Ashok Leyland’s LCV division has signed an MoU with Adani Capital to enter into a strategic financing partnership for its range of Light Commercial Vehicles (LCVs). This MoU will enable the two companies to offer customised financial solutions for customers in the small CV and LCV segments.

The company is seeing growing demand for its LCV range and aims to ride the surging wave of demand for last-mile deliveries in the country. In Q1 FY2023, Ashok Leyland sold a total of 14,209 LCVs, up 63% year on year

Rajat Gupta, Head - LCV, Ashok Leyland said, “This association will help Ashok Leyland gain an edge in the market. Ashok Leyland’s LCV range of products come with advanced and innovative technology that offer its customers best-in-class mileage, comfort and load-carrying ability. This reduces the total cost of ownership, thereby providing more profit in their business. Ashok Leyland has embraced future-ready technology to offer digital platforms and services.”

Saibaba Kelkar, Business Head, Adani Capital said, “In our company, funding to commercial vehicles is offered through dedicated RMs and a wide network of branches. We always try to offer customised solutions to the end user along with attractive commercials, combined with faster TAT. By leveraging the company’s extensive physical and digital reach, we would be able to offer our wide range of financial solutions to Ashok Leyland customers and their dealers.”

Ashok Leyland’s LCV vertical offers products in the 2T to 7.5T GVW range in the load-carrying segment with its Dost, Bada Dost and Partner range and 20- to 40 seats in the passenger-carrying segment with its MiTR range of school and staff buses.

ALSO READ: M&HCV and LCV goods carriers deliver the goods in strong Q1 FY2023

Hero Electric to source wiring harness solutions from Dhoot Transmission

auther Autocar Pro News Desk calendar08 Feb 2023

Dhoot Transmission has collaborated with the EV OEM on the 3D design for the wiring harness which is designed to deliver...

BYD India gets over 2,000 bookings for Atto 3 e-SUV, begins deliveries

auther Autocar Pro News Desk calendar07 Feb 2023

The Atto 3 has received more than 2,000 bookings since its launch in November 2022; only 1,200 units available to custom...

Ather Energy targets staffers of 2,500 corporates to make the shift to EVs

auther Autocar Pro News Desk calendar07 Feb 2023

Electric two-wheeler OEM bundles corporate discounts and exchange offers worth Rs 16,259 on Ather 450 e-scooters to driv...