The record
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- Ashok Leyland, the Hinduja Group's commercial vehicle maker, has signed a Memorandum of Understanding with UCO Bank for a strategic vehicle financing partnership.
- Under the agreement, UCO Bank will offer end-to-end, customised loans to customers buying Ashok Leyland trucks and buses, with flexible repayment options tailored to individual needs.
- The company's CFO, KM Balaji, said the tie-up aims to make commercial vehicles more accessible to businesses across the country and strengthen the company's market presence.
- The MoU was signed by Neelakantan of Ashok Leyland and RS Ajith of UCO Bank, Chennai.
What to watch next
- How the partnership affects Ashok Leyland vehicle sales and customer financing uptake
- Whether similar financing tie-ups with other banks follow
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Named India · Hinduja Group · Ashok Leyland · KM Balaji · Neelakantan · RS Ajith · UCO Bank
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