Ashok Leyland partners with Nagaland Rural Bank for vehicle financing

Commercial vehicle manufacturer Ashok Leyland has announced a partnership with Nagaland Rural Bank to provide vehicle financing solutions to customers in the state. The agreement, formalized through a Memorandum of Understanding (MoU), will enable both Ashok Leyland and Nagaland Rural Bank to offer customized financial solutions to the customers, the company said in a statement.

“Nagaland Rural Bank is a regional rural bank with a strong presence in the state. With this partnership in place, our customers in the region will have access to comprehensive financing solutions with specially-curated easy repayment plans,” said Ashok Leyland Chief Financial Officer Balaji K M in a statement.

Nagaland Rural Bank Chairman, Velayutham Sadhasivam said, “This partnership underscores our commitment to meeting the diverse financial needs of commercial vehicle customers across the state.

“We are confident that this alliance will help us expand our reach and offer customised financing options, fostering the growth of businesses in the commercial vehicle sector.

(With PTI inputs)

MT