Ashok Leyland Joins Hands With ESAF Small Finance Bank For Vehicle Finance Solutions
Modified On Jan 22, 2025 01:51 PM
To enhance the customer experience with the adoption of Ashok Leyland trucks, the company entered into a strategic partnership with ESAF Small Finance Bank to offer customers tailored financial solutions.
Key Highlights
- Ashok Leyland, the Indian flagship of the Hinduja Group signed a Memorandum of Understanding (MoU), with ESAF Small Finance Bank.
- Under the partnership, ESAF Small Finance Bank will offer Ashok Leyland customers financial solutions tailored to their specific needs.
- Tailored financial solutions are offered across Ashok Leyland's entire product portfolio of commercial vehicles.
In a move to further enhance the customer experience, Ashok Leyland is partnering with ESAF Small Finance Bank offering customers easy vehicle financing solutions. The truck and bus maker signs a Memorandum of Understanding (MoU), to enter into a strategic vehicle financing partnership. The partnership will enable Ashok Leyland and ESAF Small Finance Bank to offer customised financial solutions catering to the needs of customers.
The MoU was signed by Viplav Shah, Head - LCV business, Ashok Leyland and George Oommen - business head – general loans & mobility loans, ESAF Small Finance Bank in the presence of Amandeep Singh, President- LCV, IO, PSB & Defence, Ashok Leyland. Under this partnership, ESAF Small Finance Bank will provide end-to-end financial solutions to Ashok Leyland’s customers. The new partnership will enable the banking entity to provide vehicle loans with convenient monthly repayment plans tailored to customers' requirements.
Insights: Ashok Leyland And ESAF Comments
Amandeep Singh, President- LCV, IO, PSB & Defence, Ashok Leyland, said, “At Ashok Leyland, we are dedicated to continuously enhancing our customers' experience and delivering greater value. With the combined strength of ESAF Small Finance Bank and Ashok Leyland, our customers will now have access to comprehensive financing solutions with specially curated easy repayment plans”.
Viplav Shah, Head-LCV Business, Ashok Leyland said, “Ashok Leyland Light Commercial Vehicle Business is delighted to partner with ESAF Small Finance Bank to provide attractive financing solutions to our customers. This strategic partnership will strengthen Ashok Leyland's market position. Driven by innovative technology, our products offer an unmatched total cost of ownership, ensuring optimal profitability for our customers. We are steadfast in our commitment to delivering exceptional experiences that exceed customer expectations.”
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George Oommen, business head – General Loans & Mobility Loans, ESAF Small Finance Bank, said, “We are delighted to join forces with Ashok Leyland to provide commercial vehicle owners access to seamless financing solutions customised to their needs. At ESAF Small Finance Bank, our mission has always been to empower businesses and individuals with financial solutions that drive growth and prosperity.
This partnership with Ashok Leyland allows us to extend our commitment to financial inclusion by supporting commercial vehicle customers with accessible and customized financing options. Together, we aim to enable entrepreneurs and businesses to achieve their goals while contributing to economic growth and community development.”
Conclusion: Why Choose Ashok Leyland Trucks?
Ashok Leyland is known for its commercial-grade vehicles crafted for last-mile and long-lead applications. Offering modular vehicles, their commercial-grade trucks are tailored to the diverse needs of customers seeking a perfect cargo transport solution for profitability. They offer a comprehensive range of trucks ideal for the last-mile and long-haul ecosystem. As a business owner or operator, inducting Ashok Leyland trucks should ideally enhance transport operations ensuring operational efficiency and profitability.
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