Ashok Leyland, PNB join hands to ease financing support for dealers

Ashok Leyland said it continues to forge partnerships with leading financial institutions to enhance ease of doing business for its customers and channel partners across India.

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Ashok Leyland, the flagship company of the Hinduja Group and among the country’s leading commercial vehicle manufacturers, on Monday said it signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to strengthen financing support for its dealer network.Under the agreement, PNB will offer customised and competitive financial solutions to Ashok Leyland’s medium and heavy commercial vehicle (MHCV) dealers. The bank will extend working capital and inventory funding to improve cash flow and operational efficiency across the dealership ecosystem.The MoU was signed by K. M. Balaji, Chief Financial Officer at Ashok Leyland, and Amitabh Rai, General Manager at Punjab National Bank, in the presence of senior executives from both organisations.“This collaboration will provide comprehensive financing solutions with flexible and convenient options, helping our dealers manage their business more efficiently. Leveraging PNB’s strong network across the country and competitive pricing, this initiative will further strengthen our reach and enable sustained growth for our dealer ecosystem,” said Balaji.Ashok Leyland said it continues to forge partnerships with leading financial institutions to enhance ease of doing business for its customers and channel partners across India.