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South Indian Bank signs MOU with Ashok Leyland Limited for dealer financing

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Mumbai: South Indian Bank has signed an MoU (Memorandum of Understanding) with Ashok Leyland Limited for financing their dealers under the bank’s dealer finance programme.

Under this partnership, the bank will provide unmatched dealer finance options to the dealers of Ashok Leyland Limited.

With this tie-up, South Indian Bank aims to help the dealer partners of Ashok Leyland Limited streamline vehicle inventory funding. This arrangement is mutually beneficial for the vehicle manufacturer, their dealers, and South Indian Bank.

Speaking on the alliance, Biji S. S., Senior General Manager and Group Business Head, South Indian Bank, said, “We are extremely happy to partner with Ashok Leyland Limited. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to dealers. We believe that this partnership will meet the business needs of both organisations and create a strong positive impact.”

Speaking on the partnership, Gopal Mahadevan, Director and Chief Financial Officer, Ashok Leyland Limited, said, “We are pleased to partner with South Indian Bank. This alliance will offer appropriate inventory financing solutions to our network of dealers. We, Ashok Leyland and South Indian Bank, are committed to providing exceptional customer experiences.”

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