Ashok Leyland Ltd, flagship of the Hinduja Group, and mid-sized lender Yes Bank have signed an MOU (Memorandum of Understanding) to extend retail financing to customers of Ashok Leyland’s commercial vehicles.
With this tie-up, Ashok Leyland will be able to leverage the extensive branch network and customer reach of Yes Bank and will provide more efficient and effective service to its customers, Ashok Leyland said in a statement.
“We are delighted with this tie-up as our customers will greatly benefit from increased options for financing and Yes Bank’s extensive network and reach,”said Gopal, Chief Financial Officer, Ashok Leyland Ltd.