Ashok Leyland, the flagship company of the Hinduja Group and a key player in India’s commercial vehicle market, has entered into a strategic partnership with Chhattisgarh Rajya Gramin Bank (CRGB) to provide financing support for customers purchasing medium and heavy commercial vehicles. The partnership was formalized through a Memorandum of Understanding (MoU), aimed at making vehicle ownership more accessible through tailored financial offerings.
The agreement was exchanged between DS Madhusudhan, Head Sales – Finance at Ashok Leyland, and Vijay Vasant Raikwad, General Manager – Credit at CRGB. Also present were Sreeji, Zonal Manager – Central, and Saikat Mandal, Regional Manager – Chhattisgarh, from Ashok Leyland, along with Amarjeet Singh Khanuja, AGM – Credit, from CRGB. This tie-up enables the bank to offer flexible financing options, including customer-centric repayment terms designed to fit diverse financial requirements.
Commenting on the collaboration, KM Balaji, CFO at Ashok Leyland, said, “We are pleased to join hands with Chhattisgarh Rajya Gramin Bank. This association will help us extend financing support to a wider customer base by leveraging the bank’s presence across the state. Together, we aim to simplify the vehicle purchase process for our customers.”
Sanjeev Kumar, President – MHCV, Ashok Leyland, added, “This partnership enhances our ability to provide affordable and accessible finance, reinforcing our commitment to customer satisfaction. Our product line, known for offering superior cost efficiency, is now backed by financial services that ensure easy ownership and operation.”
Vijay Vasant Raikwad from CRGB stated, “We are excited to work alongside Ashok Leyland. Our combined efforts will deliver innovative financing solutions across Chhattisgarh, helping transport operators grow their business with greater ease. This partnership marks a forward step in supporting the state’s commercial vehicle sector.”
Ashok Leyland offers a broad portfolio of trucks and buses across various categories—from city transport solutions to long-distance freight vehicles. With a focus on safety, driver comfort, and cleaner energy, the company continues to lead the way with innovations such as alternative fuel-powered buses, aligning with India’s goals for greener transportation.
