Ashok Leyland partners with Bank of Baroda for truck financing
Published On Dec 08, 2021
The 3 years collaboration is aimed at offering attractive, tailor-made complete financial solutions to truck buyers.
Ashok Leyland, the second-largest commercial vehicle manufacturer in India with its complete range of BS6 vehicles, signed a Memorandum of Understanding (MoU), with Bank of Baroda, India’s premier public sector bank, to enter into a strategic financing partnership for 3 years. This MoU will enable both Ashok Leyland and Bank of Baroda to offer customized financial solutions to customers.
Under this partnership, the Bank of Baroda will be able to provide end to end financial solutions to the customers of Ashok Leyland. The Bank will work towards catering to the customers’ needs through auto loans with easy monthly repayment plans best suited for the customers. Moreover, the bank will leverage technology for enhancing customer experience.
According to Ashok Leyland, its products come with differentiated technology that offers its customers the best-in-class total cost of ownership, thereby providing profitability to their business. The company also claims to have embraced future-ready technology to offer digital platforms and services that are ahead of the curve.
Ashok Leyland today offers a comprehensive range of trucks and buses catering to an entire gamut of day-to-day commercial vehicle needs - from intercity light commercial vehicles to 49-tonne long haul trucks and a wide range of buses, to safe transport and driver-friendly choices. Some of the key products include the Dost+, BADA DOST, Partner, Ecomet, Boss and the heavy-duty, multi-axle trucks & tippers such as 2820,3520, 4220, tractor-trailer like 4020, 5525
Ashok Leyland has pioneered technological innovations in the truck and bus segment and is fully equipped with a range of buses powered by alternate fuels aimed at reducing pollution and promoting an eco-friendly transport system in India. The company has also developed a range of mobility solutions to meet the future transportation needs of the ‘Envisaged Smart Cities’. In addition, Ashok Leyland offers digital solutions to its customers that will address breakdown issues immediately, thereby minimising downtime.