Commercial vehicle manufacturer enters strategic agreement to provide customized financing solutions for customers across West Bengal region.
29 Jul 2025 | 7379 Views | By Angitha Suresh
Ashok Leyland has signed a Memorandum of Understanding with West Bengal Gramin Bank to establish a vehicle financing partnership for commercial vehicle customers. The agreement was formalized on July 29, 2025, with representatives from both organizations participating in the signing ceremony.
Under the partnership, West Bengal Gramin Bank will ...
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Ashok Leyland has signed a Memorandum of Understanding with West Bengal Gramin Bank to establish a vehicle financing partnership for commercial vehicle customers. The agreement was formalized on July 29, 2025, with representatives from both organizations participating in the signing ceremony.
Under the partnership, West Bengal Gramin Bank will provide financing solutions for Ashok Leyland customers, including vehicle loans with monthly repayment plans designed to meet customer requirements. The collaboration aims to expand access to commercial vehicle financing in the region.
Viplav Shah, Head of LCV Business at Ashok Leyland, and Rajesh Kumar Mishra, General Manager of West Bengal Gramin Bank, signed the agreement. Alok K Goel, Chairman of West Bengal Gramin Bank, attended the ceremony.
The partnership represents Ashok Leyland's strategy to strengthen its market position through financial partnerships. The company, which is part of the Hinduja Group, manufactures a range of commercial vehicles including trucks and buses for various transport needs.
West Bengal Gramin Bank operates as a regional rural bank serving customers across West Bengal. The bank provides financial services to rural and semi-urban areas, with a focus on agricultural and commercial lending.
Ashok Leyland produces vehicles ranging from light commercial vehicles for intercity transport to heavy-duty trucks for long-haul operations. The company also manufactures buses and has developed vehicles powered by alternative fuels as part of environmental initiatives.
The commercial vehicle financing sector in India has seen increased activity as businesses seek to expand their transportation capabilities. Partnerships between vehicle manufacturers and financial institutions have become common as companies work to provide integrated solutions for customers.
Both organizations indicated the partnership will focus on meeting the diverse financial needs of commercial vehicle customers in the region. The agreement follows similar collaborations in the automotive sector aimed at improving access to vehicle financing.