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, […]
Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, in collaboration with the Centre of Excellence for Zero Emission Trucking (CoEZET) at IIT Madras, has commenced its nationwide “GET ZET – Electric Truck Awareness to Acceptance” initiative from Chennai. The initiative will run across 40 cities between September […]
Barely hours into his new role as SIAM President, Mr. Shenu Agarwal, Managing Director and CEO of Ashok Leyland, was already facing some of the toughest questions facing the industry. What followed was a candid and direct conversation that offered a clear picture of where India’s commercial vehicle industry is headed — and what needs […]
The Society of Indian Automobile Manufacturers (SIAM) has elected Mr. Shenu Agarwal, Managing Director and CEO, Ashok Leyland Ltd., as its new President for 2026-27. Agarwal, who previously served as Vice President of SIAM, succeeds Shailesh Chandra, Managing Director and CEO, Tata Motors Passenger Vehicles Ltd., as Immediate Past President. The new office bearers were […]
India is no longer just building vehicles for its own roads. Its manufacturers are going global — and the pace at which that is happening is only set to accelerate, says Mr. Shenu Agarwal, Managing Director and CEO of Ashok Leyland. India is going to surprise people. That is perhaps the most confident and considered […]
Ashok Leyland, the Indian flagship of the Hinduja Group and one of India’s leading commercial vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with the Government of Haryana to establish an Institute of Driving Training & Research (IDTR) in Ambala. The initiative aims to strengthen professional driver training, promote safer roads, and develop a […]
Ashok Leyland emerged stronger from months of industry turbulence, posting its highest-ever Q1 revenue, PBT, and PAT. The company reported its highest-ever commercial vehicle volume of 48,763 units, compared to 44,238 units in the same period last year. Q1 revenue also hit an all-time high of ₹9,634 crore, against ₹8,725 crore last year. The company […]
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 […]
Ashok Leyland has signed a memorandum of understanding with Shriram Automall India Limited (SAMIL) to create a transparent and trusted ecosystem for certified pre-owned commercial vehicles across India. The MoU was signed by Mr. Viplav Shah, Head of LCV at Ashok Leyland, and Mr. Sameer Malhotra, Director and CEO of SAMIL. Under the partnership, the […]
The CV maker is in a strong financial position to back its innovation ambitions. The company ended last fiscal debt-free, with net cash of over ₹5,000 crore on its balance sheet. Ashok Leyland closed FY26 with its best-ever performance, and Q1 FY27 has continued that momentum with 10% growth. Mr. Shenu Agarwal, Managing Director and […]
Ashok Leyland has inaugurated two new M&HCV dealership outlets in Assam with the channel partner Bimal Auto Commercial Pvt Ltd. The two dealership outlets are located in Dibrugarh and Bongaigaon and will go a long way in further strengthening Ashok Leyland’s robust distribution network. With these additions, Ashok Leyland now has 26 M&HCV touchpoints across […]
By Vishwas Shankar, Vice President & Nachiket Devasthale, Senior Consultant, Mobility Growth Advisory, Frost & Sullivan India’s commercial vehicle (CV) industry has been anchored in diesel-led operating economics for decades. Vehicle value has traditionally been defined by uptime and payload, with limited emphasis on emissions. For most of that time, electric mobility sat somewhere between […]