Ashok Leyland, the Indian flagship of the Hinduja Group and a leading commercial vehicle manufacturer, has signed a Memorandum of Understanding (MoU) with Sarva Haryana Gramin Bank to establish a strategic vehicle financing partnership. This collaboration will enable both companies to provide tailored financial solutions to their customers.
The MoU was signed by Mr. Viplav Shah, Head of the LCV Business at Ashok Leyland, and Mr. Mithilesh Kumar Jha, General Manager of Sarva Haryana Gramin Bank, in the presence of Mr. Sanjeev Kumar Dhupar, Chairman of Sarva Haryana Gramin Bank. Through this partnership, Sarva Haryana Gramin Bank will offer comprehensive financial solutions to Ashok Leyland customers, focusing on their needs with vehicle loans featuring flexible monthly repayment plans customized to their preferences.
Mr. Viplav Shah, Head – LCV Business, Ashok Leyland said, “Ashok Leyland is delighted to collaborate with Sarva Haryana Gramin Bank to offer our customers highly attractive financing solutions. This strategic partnership not only strengthens our market presence but also reinforces our commitment to innovation and customer success. With cutting-edge technology and industry-leading total cost of ownership, our products are designed to drive profitability and value for our customers. We remain steadfast in our commitment to deliver exceptional experiences and building long lasting relationships.”
Mr. Sanjeev Kumar Dhupar, Chairman, Sarva Haryana Gramin Bank said, “Sarva Haryana Gramin Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers. We are confident that this collaboration will enable us to extend our reach and provide tailored financing options to support the growth of businesses in the commercial vehicle segment in the state.”
Ashok Leyland offers a diverse range of trucks and buses, from light commercial vehicles to long-haul trucks and eco-friendly buses powered by alternative fuels, emphasizing safe, driver-friendly, and sustainable transport solutions in India.
Sarva Haryana Gramin Bank (SHGB), sponsored by Punjab National Bank, operates 686 branches across Haryana’s 22 districts, focusing on financial inclusion and rural development. With 0% Net NPA, SHGB supports farmers, small businesses, and rural entrepreneurs through savings, loans, and insurance, delivering innovative, customer-centric banking solutions.
