Ashok Leyland, the automobile company, owned by the Hinduja Group, has announced that it has partnered with Axis Bank for financing commercial vehicles. The partnership is for 2 years to offer customized financial solutions to its customers.
According to the announcement, service will be available not only in the cities but also in the rural and semi-urban areas.
It is an arrangement that should benefit both Ashok Leyland and Axis Bank. Ashok Leyland’s Chief Operating Officer, Anuj Kathuria, said,
“With a pan India presence, both organizations can leverage their strengths for the mutual benefit of the customers.”
Ashok Leyland is also looking to ensure that the company’s customers get access to modern digital options that are ahead of their times.
Jagdeep Mallareddy, President and Head Retail Lending of Axis Bank, said,
“This Partnership would enable Axis Bank to offer a wide range of financial solutions through its extensive branch network and digital channels across India, including semi-urban and rural regions.”