Ashok Leyland has signed a Memorandum of Understanding (MoU) with Tamil Nadu Grama Bank to enter into a strategic vehicle financing partnership to provide customized loan options and enhance accessibility for commercial vehicle customers across Tamil Nadu.
The MoU was signed by Mr. Viplav Shah, Head-LCV Business, Ashok Leyland, and Mr. Kannan Ponnuraman, General Manager, Tamil Nadu Grama Bank, in the presence of Mr. Mani Subramanian, Chairman, Tamil Nadu Grama Bank. Under this partnership, Tamil Nadu Grama Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland. The partnership will focus on meeting customer needs by providing vehicle loans with convenient monthly repayment plans tailored to their preferences.
Viplav Shah, Head-LCV Business, Ashok Leyland, said, “We are delighted to partner with Tamil Nadu Grama Bank to offer our customers convenient and attractive vehicle financing solutions. This strategic collaboration will further strengthen Ashok Leyland’s presence in the market and enhance accessibility to our innovative, cost-efficient products. At Ashok Leyland, we are committed to delivering industry-leading value and exceptional experiences for our customers, empowering them to achieve greater profitability and success.”
Mani Subramanian, Chairman, Tamil Nadu Grama Bank, said, “Tamil Nadu Grama Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment.”
Tamil Nadu Grama Bank has 676 Branches across Tamil Nadu. The Bank offers a wide range of financial products catering the needs of different strata of society. Apart from agriculture and retail loans, the bank has products designed for the specific needs of Micro, Small, and Medium Enterprises in Tamil Nadu. The bank actively promotes various government schemes aimed at financial inclusion, with a mission to serve the last mile of society with affordable banking services.
