Ashok Leyland partners with Nagaland Rural Bank

Ashok Leyland has signed a Memorandum of Understanding (MoU), with Nagaland Rural Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and Nagaland Rural Bank to offer customised financial solutions to the customers.

The MoU was signed by C.Neelakantan, Head -Treasury and Direct Taxation, Ashok Leyland and Velayutham Sadhasivam, Chairman, Nagaland Rural Bank. Under this partnership, Nagaland Rural Bank shall provide end to end financial solutions to the customers of Ashok Leyland. The partnership will focus on meeting customer needs by providing vehicle loans with convenient monthly repayment plans tailored to their preferences.

Balaji K M, CFO, Ashok Leyland said, “At Ashok Leyland, we are dedicated to continuously enhancing customer experience and delivering greater value in our products and services. Nagaland Rural Bank is a regional rural bank with a strong presence in the state. With this partnership in place, our customers in the region will have access to comprehensive financing solutions with specially curated easy repayment plans”.

Sanjeev Kumar, President – MHCV, Ashok Leyland said, “Ashok Leyland is looking forward to collaborating with Nagaland Rural Bank to offer our customers highly attractive financing solutions. This strategic partnership not only strengthens our market presence but also reinforces our commitment to innovation and customer success. With cutting-edge technology and industry-leading total cost of ownership, our products are designed to drive profitability and value for our customers. We remain steadfast in our commitment to deliver exceptional customer experience and build long lasting relationships.”

Velayutham Sadhasivam, Chairman, Nagaland Rural Bank said, “Nagaland Rural Bank is delighted to collaborate with Ashok Leyland to provide seamless vehicle financing solutions. This partnership underscores our commitment to meeting the diverse financial needs of commercial vehicle customers across the state. We are confident that this alliance will help us expand our reach and offer customized financing options, fostering the growth of businesses in the commercial vehicle sector.”

Ashok Leyland today offers a comprehensive range of trucks and buses to meet the full spectrum of commercial vehicle needs, from light commercial vehicles to long-haul trucks and a wide variety of buses. Ashok Leyland’s vehicles ensure safe transport and driver-friendly options. As a pioneer in technological innovations, Ashok Leyland is fully equipped with a range of vehicles powered by alternative fuels, dedicated to reducing pollution and promoting an eco-friendly transport system in India.

Nagaland Rural Bank (NRB) is a regional rural bank dedicated to providing financial services and support to the people of Nagaland. Established to promote financial inclusion, NRB offers a range of banking and credit solutions tailored to the needs of individuals, small businesses, and the agricultural sector. With a strong presence across the state, the bank plays a vital role in fostering economic growth and empowering local communities.