Skip to main content

Ashok Leyland signs MoU with South Indian Bank for dealer financing

Under this partnership, the Bank will provide competitive dealer finance options to the dealers of Ashok Leyland Limited.

Autocar Professional BureauBy Autocar Professional Bureau calendar 18 Apr 2024 Views icon10608 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Ashok Leyland signs MoU with South Indian Bank for dealer financing

Ashok Leyland, the flagship company of the Hinduja Group has signed an MoU (Memorandum of Understanding) with South Indian Bank for financing dealers under the Bank’s dealer finance program.

Under this partnership, the Bank will provide competitive dealer finance options to the dealers of Ashok Leyland Limited.

Gopal Mahadevan, Director and CFO, Ashok Leyland said, “This alliance will offer appropriate inventory financing solutions to our network of dealers."

Biji S S, Senior General Manager and Group Business Head, South Indian Bank said,  "Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers." 

 

 

RELATED ARTICLES

Minda Corporation Appoints Amit Srivastava as CEO – SSD & ASEAN Business

auther Autocar Professional Bureau calendar06 Nov 2026

Minda Corporation has appointed Amit Srivastava as CEO – SSD & ASEAN Business, effective November 6, 2026. He brings ove...

Automakers Expect Strong Dhanteras-Diwali Deliveries as Festive Demand Holds Up

auther Darshan Nakhwa calendar06 Nov 2026

Strong festive demand and new model launches are supporting vehicle deliveries, even as industry-wide passenger vehicle ...

Maruti Suzuki Sells 50,000 Units of Baleno Facelift in Two Months, Brezza Wait Tops Three Months

auther Darshan Nakhwa calendar06 Nov 2026

Maruti Suzuki has sold 50,000 units of the updated Baleno since its September launch, while the Brezza faces a waiting p...