Ashok Leyland has signed a Memorandum of Understanding with Union Bank of India (UBI) to offer tailored financing to customers buying its trucks and buses. Under the partnership, UBI will provide end-to-end vehicle loans with flexible, easy-to-manage repayment options suited to each customer’s needs. The MoU was signed by Neelakantan, Vice President – Finance, Ashok […]
Ashok Leyland has signed a Memorandum of Understanding with Tamilnad Mercantile Bank (TMB) to offer customised financing to customers buying its trucks and buses. Under the partnership, TMB will provide end-to-end vehicle loans with flexible repayment options suited to each customer’s needs. Founded in 1921, the bank has more than 600 branches, with a strong […]
Ashok Leyland has signed a Memorandum of Understanding (MoU), with Kerala Grameena Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable Ashok Leyland and Kerala Grameena Bank to offer customized and convenient financing solutions to customers purchasing Ashok Leyland vehicles. The MoU was signed by Mr. Viplav Shah, […]
Kia India, one of the country’s leading mass-premium automakers, has launched Kia Quick Finance, an integrated digital financing solution designed to enable dealerships to offer customers a faster, simpler, and more transparent vehicle financing journey. Integrated into Kia’s dealership sales ecosystem, Kia Quick Finance allows dealerships to digitally initiate a customer’s finance application, compare available […]
VST Tillers Tractors Limited (VTTL) has signed a Memorandum of Understanding (MoU) with Union Bank of India to facilitate retail finance for customers purchasing VST’s range of agricultural and farm equipment, including tractors, power tillers, power reapers, and power weeders. The financing facility will be available through VST’s network of over 1,000 dealers across India, […]
Ashok Leyland, the Hinduja Group’s flagship and India’s leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Drivn, a provider of financing and leasing solutions for electric commercial vehicles. The partnership will enable both companies to offer customised financial solutions to customers purchasing Ashok Leyland’s electric vehicles. The MoU was signed by […]
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 […]
Tata Motors Passenger Vehicles Ltd. (TMPV) and Tata Passenger Electric Mobility Ltd. (TPEM) have announced a strategic partnership with UCO Bank to provide customised inventory funding solutions for their authorised dealers. The MoU was signed in the presence of senior leadership from both organisations. The partnership aims to help dealers manage their working capital requirements […]
SML Mahindra, one of India’s leading commercial vehicle manufacturers, has signed an MoU with UCO Bank, a leading public sector bank, to offer customised and affordable retail financing solutions to customers across the country. Milan Dubey, Deputy General Manager & Zonal Head, UCO Bank, and Prashant Kumar, Chief General Manager – Marketing, SML Mahindra (second […]
Raptee.HV, the Chennai-based electric motorcycle manufacturer known for pioneering high-voltage technology in two-wheelers, has partnered with IDFC FIRST Bank in a push to make electric motorcycle ownership more accessible across India. The collaboration is aimed at addressing financing — widely seen as the biggest remaining barrier to electric motorcycle adoption — by offering customers attractive […]
ev.fin, the electric vehicle financing subsidiary of Greaves Cotton Limited, has announced the partial deployment of previously sanctioned institutional debt of INR 223 crore for onward lending during the April–March 2026 period. The rapid deployment of funds has enabled the company to scale its operations to over 74 cities in India, with a target of […]
Piaggio Vehicles Pvt Ltd has signed a memorandum of understanding with State Bank of India’s Lucknow circle to offer interest-free financing for three-wheelers to young entrepreneurs in Uttar Pradesh under the State government’s CM Yuva Yojna scheme. The partnership will be supported by SBI’s network of over 1,600 branches across central and eastern Uttar Pradesh […]
Adoption patterns across EV segments are increasingly being shaped by a single underlying factor: the strength of unit economics and how closely the asset is linked to daily income generation. Not very long ago, electric vehicles (EVs) were often seen as expensive alternatives, attracting only early adopters and technology enthusiasts. Today, that picture is changing […]
Volvo Financial Services (VFS) and Eicher Motors Limited have announced their intent to form a 50:50 joint venture to provide financing, leasing and other financial services for customers of Volvo and Eicher-branded commercial vehicles in the Indian market. Pending regulatory approval, the JV will be created through VFS India issuing new shares to Eicher in […]
Where financing meets data-driven fleet efficiency The transition to electric mobility in India’s heavy commercial vehicle space has long been discussed, but rarely executed at scale. Drivn has begun to change that narrative by addressing one of the most critical gaps in the ecosystem; access to capital for large electric assets like buses and heavy-duty […]