Ashok Leyland signs MoU with UCO Bank on strategic vehicle financing partnership to provide customers with customized financial solutions for buying Ashok Leyland trucks and buses. The MoU signing ceremony took place between Neelakantan, Vice President – Finance, Ashok Leyland, and R. S. Ajith, Zonal Head, Chennai Branch, UCO Bank, along with other officials from the two companies.
Partnership to extend financing services :
Through the partnership, UCO Bank will be able to offer complete financial solutions to Ashok Leyland customers through flexible loan facilities to purchase vehicles.
Speaking on the occasion, K. M. Balaji, Whole-time Director and CFO, Ashok Leyland, said, “Ashok Leyland is pleased to tie up with UCO Bank for offering customized and convenient financing solutions to our customers. Through this strategic alliance, we are sure to enhance our market presence as our innovative and technologically advanced range of commercial vehicles would now be available to the businesses of the nation. With an industry-best total cost of ownership, we are focused on maximizing customer profitability and providing world-class mobility solutions and ownership experience to our customers.”
Supporting Fleet Operators and Businesses:
According to Madhavi Deshmukh, Senior Vice President-National Head Sales Medium & Heavy Commercial Vehicles, Ashok Leyland, “Ashok Leyland has always been committed to fueling our customers’ growth with innovative products and experiences of ownership. The strategic alliance with UCO Bank marks an important step for us towards providing access to our market leading commercial vehicles through convenient financing packages. Together, we strive to provide financial flexibility and value addition to fleet operators and businesses through our cutting edge products and lowest total cost of ownership.”
According to R. S. Ajith, Deputy General Manager, Zonal Head, Chennai, “We are glad to be associated with Ashok Leyland in offering convenient vehicle financing services. This association strengthens our dedication to support businesses with convenient finance solutions.”
