Ashok Leyland has signed a memorandum of understanding with UCO Bank to establish a strategic vehicle financing partnership, enabling both organisations to offer customised financial solutions to customers buying Ashok Leyland trucks and buses. The MoU was signed by Mr. Neelakantan, Vice President of Finance at Ashok Leyland, and Mr. R.S. Ajith, Zonal Head of UCO Bank’s Chennai zone.
Under the partnership, UCO Bank will provide end-to-end financial solutions with flexible and easy-to-manage repayment options tailored to individual customer needs, making Ashok Leyland’s commercial vehicle range more accessible to fleet operators and businesses across the country.
Mr. K.M. Balaji, Whole-Time Director and Chief Financial Officer of Ashok Leyland, said the company is delighted to partner with UCO Bank to offer attractive and accessible financing solutions, and that the partnership will further strengthen market presence by making its innovative range of commercial vehicles more accessible to businesses across the country.
Ms. Madhavi Deshmukh, Senior Vice President and National Head of Sales for Medium and Heavy Commercial Vehicles at Ashok Leyland, said the partnership with UCO Bank is a significant step towards making industry-leading commercial vehicles more accessible with convenient financing solutions, empowering fleet operators with greater financial flexibility while delivering superior value through technologically advanced products and best-in-class total cost of ownership.
Mr. R.S. Ajith, Deputy General Manager and Zonal Head at UCO Bank’s Chennai zone, said the collaboration reinforces the bank’s commitment to supporting businesses with accessible, tailored financial solutions that simplify vehicle ownership and enable growth.
Ashok Leyland offers a comprehensive range of trucks and buses spanning intercity light commercial vehicles to long-haul trucks and a wide variety of buses, including vehicles powered by alternative fuels as part of its commitment to reducing pollution and promoting eco-friendly transport.
