Bandhan Bank to provide end-to-end financial solutions to Ashok Leyland customers

​Commercial vehicle manufacturer Ashok Leyland on Thursday said it has signed a Memorandum of Understanding (MoU) with Bandhan Bank. The agreement will enable both Ashok Leyland and Bandhan Bank to offer customised financial solutions to customers, the CV maker said in a press release. 

As part of the agreement, Bandhan Bank will provide end-to-end financial solutions to Ashok Leyland customers in a partnership that will focus on meeting customer needs by providing vehicle loans with convenient monthly repayment plans tailored to their preferences.

“This strategic partnership will strengthen Ashok Leyland's market position. Our products, featuring innovative technology, offer industry-leading total cost of ownership, ensuring maximum profitability for our customers," said KM Balaji, Chief Financial Officer at Ashok Leyland. 

Balaji said Ashok Leyland remains committed to delivering exceptional customer experiences. 

“At Ashok Leyland, we are dedicated to continuously enhancing our customers' experience and delivering greater value. With the combined strength of Bandhan Bank and Ashok Leyland, our customers will now have access to comprehensive financing solutions with specially curated easy repayment plans," said Sanjeev Kumar, President-Medium and Heavy Commercial Vehicles (M&HCV) at Ashok Leyland. 

“This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers," said Rajinder Babbar, Executive Director and Chief Business Officer, Bandhan Bank. 

"We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment," Babbar added. 

On Thursday, Bandhan Bank (BANDHANBNK) shares ended 2.0 per cent higher at Rs 203.7 apiece while Ashok Leyland shares (ASHOKLEY) gained 0.2 per cent to settle at Rs 251.1 apiece on BSE.

Catch all the latest stock market updates here. For all other news related to business, market, tech and auto, visit Zeebiz.com.