38 C
Delhi
Saturday, July 12, 2025

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

Date:

Share post:

Donate-GC-Razorpay

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.”

Related articles

Confidence of New India Will Lead to Viksit Bharat: ‘Viksit Bharat: India @ 2047’ Author Aditya Pittie

Timely and meticulously researched, ‘Viksit Bharat: India @ 2047’, by author and thought leader, Aditya Pittie, provides a...

Voice of a Nation, Voice of the World: PM Modi’s Historic Addresses to Foreign Parliaments

An Unprecedented Journey of Words and WillIn the grand halls of parliaments across continents, where voices echo...

The Emerging Axis: Turkiye-Pakistan Bonhomie and Its Implications for India

The Ankara-Islamabad TangoIn the simmering July heat of Islamabad, the red carpet was rolled out for two...

SSI MantraM “Made in India” Surgical Robot Yatra Kicks Off India Tour, First Leg to Cover 1500 km Across Rajasthan

 ● In the first phase of the roadshow, SSI MantraM will cover key medical institutions across Jaipur, Jodhpur,...