Ashok Leyland, the flagship company of the Hinduja Group and a leading commercial vehicle manufacturer in India, has signed a Memorandum of Understanding (MoU) with Drivn, a provider of financing and leasing solutions for electric commercial vehicles. The partnership will offer customized financing options to customers purchasing Ashok Leyland’s electric vehicles.
The MoU was signed by Niruban M Head – Alternate Energy, Ashok Leyland, and Alpna Jain, CBO & Co-founder, Drivn, in the presence of representatives from both companies. Under the partnership, Drivn will provide end-to-end financial solutions for Ashok Leyland’s electric commercial vehicle customers. The offering will include flexible financing, leasing and fleet ownership solutions, along with repayment options designed to meet the requirements of different businesses.
The collaboration is aimed at reducing the upfront investment required for electric commercial vehicles and improving financial flexibility for fleet operators and businesses. By addressing financing requirements, the companies expect to support wider adoption of electric trucks and contribute to the growth of India’s electric commercial vehicle market.
Sudip Dhali, Head – Marketing, Ashok Leyland, said the partnership with Drivn will make the company’s electric vehicle portfolio more accessible to customers across the country. He added that Ashok Leyland’s electric commercial vehicles are designed to deliver an attractive total cost of ownership and support customer profitability.
Alpna Jain, CBO & Co-founder, Drivn, said the company is focused on providing seamless and customized financing solutions for electric commercial vehicle customers. She added that the partnership will help simplify EV ownership for businesses while providing financial flexibility to support their expansion.
Ashok Leyland has been expanding its presence in the electric commercial vehicle segment with a growing range of electric trucks and buses. The company is developing solutions aimed at meeting the changing requirements of urban logistics, passenger transportation and commercial fleet operators. The partnership with Drivn adds a financing component to Ashok Leyland’s broader electric mobility strategy. Easier access to financing and leasing options can help businesses manage initial acquisition costs while transitioning to electric fleets.
Ashok Leyland continues to focus on developing zero-emission commercial vehicles and supporting the adoption of cleaner transportation solutions in India. Through its expanding electric vehicle portfolio, technology investments and customer-focused initiatives, the company aims to strengthen its position in the evolving commercial vehicle market. The collaboration with Drivn is expected to provide customers with greater choice in financing and ownership models while supporting the wider transition towards electric commercial mobility.
