Ashok Leyland, a key player in India’s commercial vehicle sector and part of the Hinduja Group, has entered into a strategic alliance with Tamil Nadu Grama Bank. The collaboration aims to expand access to customized loan solutions for commercial vehicle buyers across the state.
The agreement was formalized through a Memorandum of Understanding (MoU), signed by Viplav Shah, Head of LCV Business at Ashok Leyland, and Kannan Ponnuraman, General Manager of Tamil Nadu Grama Bank, in the presence of Mani Subramanian, Chairman of the Bank.
Through this partnership, Tamil Nadu Grama Bank will offer comprehensive financing support, including flexible repayment plans designed to meet the unique needs of Ashok Leyland’s customer base. Viplav Shah commented, “We’re pleased to work alongside Tamil Nadu Grama Bank to improve financing access for our customers. This partnership will further solidify our market presence while helping customers invest in efficient and reliable commercial vehicles that support their business growth.”
Mani Subramanian added, “Our collaboration with Ashok Leyland underlines our commitment to delivering practical financing options to commercial vehicle operators. We aim to support entrepreneurs and businesses in expanding their operations through accessible financial products.”
Tamil Nadu Grama Bank operates through a robust network of 676 branches throughout the state. The bank offers a wide array of financial products tailored to various customer segments, including agriculture, retail, and MSMEs. It also actively supports government-led financial inclusion initiatives, striving to bring affordable banking to underserved communities.
Ashok Leyland’s current product lineup spans a full range of trucks and buses, from light-duty vehicles to long-distance haulers and various passenger buses. The company is also advancing sustainable transport through a growing portfolio of vehicles powered by alternative fuels, reinforcing its commitment to cleaner mobility and innovation in commercial transportation.
Part of the Hinduja Group, Ashok Leyland is one of India’s top commercial vehicle manufacturers. Established in 1948 and headquartered in Chennai, the company produces a range of vehicles, including trucks, buses, light commercial vehicles, and defense systems. Serving over 50 countries, Ashok Leyland is renowned for its innovations in transportation and plays a key role in India’s public mobility and logistics infrastructure. The company’s manufacturing facilities are spread across India, and it has been a pioneer in adopting technology-driven solutions such as alternative fuels and electric mobility, in line with India’s sustainability goals.
