Ashok Leyland Signs MoU with Rajasthan Gramin Bank for Vehicle Financing

Ashok Leyland signed a Memorandum of Understanding (MoU) with Rajasthan Gramin Bank in Jodhpur on February 17, 2026, to offer vehicle financing facilities to its customers in Rajasthan, enabling the bank to provide end-to-end financial solutions including loans with flexible repayment terms tailored to individual needs.

The MoU was signed by Viplav Shah, Head of LCV Business at Ashok Leyland, and Abhimanyu Charan, AGM at Rajasthan Gramin Bank, in the presence of Mukesh Bhartiya, Chairman of Rajasthan Gramin Bank, which is the largest bank in the state by number of branches.

Viplav Shah said, "Ashok Leyland is delighted to partner with Rajasthan Gramin Bank to provide attractive financing solutions to our customers. This strategic partnership will strengthen Ashok Leyland's market position. 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."

Mukesh Bhartiya said, "Rajasthan Gramin 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."

Ashok Leyland, the Indian flagship of the Hinduja Group, manufactures a range of commercial vehicles spanning light commercial vehicles to long-haul trucks and buses, including models powered by alternative fuels.