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.
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
India's Automotive AI Race Will Be Won on Data
As connected vehicles, AI and supply-chain pressures reshape India’s automotive industry, the ability to unify data acro...
Mahindra & Mahindra’s stake in New Democratic Electoral Trust Falls to 49.63%
NDET ceases to be a step-down subsidiary after an equity share allotment reduces the Mahindra group’s aggregate holding ...
Renault India CEO Says Hybrids, CNG Could Account for 50% of Sales in 2-3 Years
CEO Stéphane Deblaise says the company is betting on hybrid technology as an alternative to diesel, while targeting €2 b...



18 Apr 2024
Autocar Professional Bureau
