Ashok Leyland Partners with Kerala Grameena Bank for Vehicle Financing

Ashok Leyland, the Hinduja Group's commercial vehicle arm, signed a Memorandum of Understanding (MoU) with Kerala Grameena Bank in Chennai on September 18, 2026, to jointly offer vehicle financing solutions to customers purchasing Ashok Leyland vehicles.

The MoU was signed by Viplav Shah, Head – LCV Business, Ashok Leyland, and Gundekar Harish Gangadhar Rao, General Manager, Kerala Grameena Bank, in the presence of Vimala Vijayabhaskar, Chairperson, Kerala Grameena Bank. Under the partnership, Kerala Grameena Bank will provide end-to-end financial solutions to Ashok Leyland customers, including vehicle loans with flexible, easy-to-manage repayment options tailored to individual needs.

Ashok Leyland, Kerala Grameena Bank Executives on the Partnership

Viplav Shah, Head-LCV Business, Ashok Leyland, said, "Ashok Leyland is delighted to partner with Kerala Grameena Bank to provide our customers with attractive, accessible and customized financing solutions. This strategic partnership will further enhance the accessibility of our innovative range of commercial vehicles, enabling businesses and fleet operators to invest with greater confidence and financial flexibility. Powered by cutting-edge technology and engineered to deliver industry-leading total cost of ownership, our vehicles are designed to enhance customer productivity and profitability. Together with Kerala Grameena Bank, we look forward to creating greater value for our customers and supporting their growth journeys."

Vimala Vijayabhaskar, Chairperson, Kerala Grameena Bank, said, "Kerala Grameena 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 in the state of Kerala."

About Ashok Leyland's Commercial Vehicle Portfolio

Ashok Leyland manufactures a range of Light Commercial Vehicles (LCVs) and Medium & Heavy Commercial Vehicles (MHCVs), including intercity light commercial vehicles, long-haul trucks and buses. The company is also expanding its portfolio of alternative-fuelled buses as part of its sustainable mobility initiatives.

Ashok Leyland and Kerala Grameena Bank at a Glance

Ashok Leyland is the flagship company of the Hinduja Group and is ranked the second-largest commercial vehicle manufacturer in India and the fourth-largest bus manufacturer globally. The company reported revenue of US$4.65 billion and operates in 50 countries. Kerala Grameena Bank is a Regional Rural Bank operating across Kerala, offering retail banking, MSME financing, agricultural credit and digital banking services.