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 icon10595 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

Work With Dignity Foundation Hosts Global Dignity Day National Inauguration in Mumbai

auther Autocar Professional Bureau calendar23 Oct 2026

Initiative supported by AITWA, FADA, and ACMA honors commercial vehicle drivers, logistics personnel, and municipal fron...

Tata Motors Eyes Double-Digit Full-Year Growth as Price Hikes Help Offset 540-Basis-Point Commodity Drag

auther Shahkar Abidi calendar23 Oct 2026

Managing Director Girish Wagh points to strong underlying freight demand and structural GDP tailwinds while warning of c...

India’s BS7 Timeline Enters Consultative Phase as Commercial Vehicle Makers Prepare Capex Plans

auther Shahkar Abidi calendar23 Oct 2026

Tata Motors CEO Girish Wagh highlights upcoming government consultations and BS6 technology maturity as the baseline for...