Commercial vehicles maker Ashok Leyland on Monday said it has partnered with Chhattisgarh Rajya Gramin Bank for vehicle financing.
The two partners have signed a Memorandum of Understanding (MoU) for the purpose of financing the company's Medium and Heavy Commercial Vehicles (MHCV) customers, Ashok Leyland said in a statement.
This partnership will enable both Ashok Leyland and Chhattisgarh Rajya Gramin Bank (CRGB) to offer customised financial solutions to the customers, it added.
"Our collaboration with Chhattisgarh Rajya Gramin Bank enables us to offer comprehensive financing solutions, with flexible and customised repayment plans, ensuring greater convenience for our customers leveraging the Bank's network in the state of Chhattisgarh," Ashok Leyland CFO KM Balaji said.
Chhattisgarh Rajya Gramin Bank, General Manager, Credit, Vijay Vasant Raikwad said the partnership will offer customised offerings to customers across Chhattisgarh.
"Our diverse financial offerings aim to deliver convenient and comprehensive financing choices. We believe this partnership will fulfil the business needs of both organisations, creating a significant positive impact and paving the way for continued progress and success in the commercial vehicle sector," he added.
