Ashok Leyland Signs Vehicle Financing Pact With Tamil Nadu Grama Bank

Ashok Leyland Ltd. on Tuesday said it has signed a memorandum of understanding with Tamil Nadu Grama Bank to form a strategic partnership aimed at boosting vehicle financing for commercial vehicle buyers across the state.

The company said in a press release that the tie-up will offer customers access to financing solutions through the bank’s wide network of 676 branches across Tamil Nadu.

This partnership is expected to improve credit availability for Ashok Leyland’s customers, particularly in rural and semi-urban areas, and further strengthen the company’s reach in the state’s commercial vehicle market.