Trucking News

Ashok Leyland And Bank of Baroda Ink Pact For Vehicle Financing

TNI || New Delhi || 08th Dec 2021


CV major, Ashok Leyland has inked a pact with the Indian Public Sector lender, Bank of Baroda, for vehicle finance.

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According to the company, it has signed an MoU with the bank and entered into a strategic financing partnership which will be active for three years.

Under the arrangement, the Bank will furnish end-to-end financial solutions to Ashok Leyland’s customers.

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As per Gopal Mahadevan, Ashok Leyland’s whole-time director and CFO, they are delighted to be associated with Bank of Baroda, which has more than 45000 touchpoints spread across 19 countries.

This good banking infrastructure according to him will help Ashok Leyland service its customer base by offering customized solutions that they often lookout to avail.

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The commercial vehicle major currently offers a range of trucks as well as buses that serve the entire gamut of day-to-day operations right from LCVs to 49-tonne long-haul trucks.