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
Warburg Pincus to Acquire 38.51% Stake in Pricol’s Demerged Electronics Business
The deal will give Warburg Pincus control of Pricol’s automotive electronics business, while the Mohan family will retai...
TVS Srichakra Q2 Profit Surges to Rs 44.4 crore, Revenue Jumps 37%
Eurogrip maker’s consolidated net profit rises to Rs 44.43 crore from Rs 10.96 crore a year ago, as revenue grows 37.4% ...
Mahindra’s Auto Reorganisation: Who Leads Sales, EV Marketing and Manufacturing?
Shuchi Suri will oversee vehicle sales, electric SUV marketing and charging infrastructure. The heads of product plannin...



18 Apr 2024

Ketan Thakkar