Ashok Leyland Partners with PNB for Dealer Finance Boost
Ashok Leyland has formed a partnership with Punjab National Bank to enhance dealer finance options. This move provides tailored financial solutions for dealers, aiding their working capital and inventory funding. The collaboration leverages PNB's extensive network to strengthen Ashok Leyland's dealer ecosystem nationally.
- Country:
- India
Commercial vehicle manufacturer Ashok Leyland has announced a significant partnership with Punjab National Bank, unveiling a dealer finance pact aimed at bolstering financial support for its dealer network.
The Memorandum of Understanding signifies PNB's commitment to offering competitive financial options, catering to Ashok Leyland's medium and heavy commercial vehicle dealers. This includes customized solutions to address working capital and inventory funding requirements.
Ashok Leyland's Chief Financial Officer, K M Balaji, highlighted the benefits of the collaboration, noting that it provides comprehensive, flexible financing solutions. He added that leveraging PNB's national network and competitive pricing will enhance the company's reach and promote growth within its dealer ecosystem.
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