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.

By Autocar Professional Bureau

18 Apr 2024

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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."