Ashok Leyland said it has signed a memorandum of understanding with Bank of Maharashtra under which the bank will extend retail finance to customers of Ashok Leyland’s commercial vehicles.
With this tie-up, Ashok Leyland will have access to 1,700 branches of the Bank of Maharashtra.
The MoU was signed by Phillip D’Silva, General Manager –Credit Priority and K Ram Kumar, Vice-President – Finance, Ashok Leyland Ltd.
“This tie-up will help our customers get greater access to finance, especially in the West and South India, given Bank of Maharashtra’s extensive network and reach,” said Gopal Mahadevan, Chief Financial Officer, Ashok Leyland.