Ashok Leyland, the Indian flagship of the Hinduja Group and one of the country’s leading commercial vehicle manufacturers, has signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to offer enhanced dealer financing solutions. This strategic collaboration aims to provide competitive and flexible financial support to Medium and Heavy Commercial Vehicle (MHCV) dealers across India.
The MoU was signed by Mr. K. M. Balaji, Chief Financial Officer, Ashok Leyland, and Mr. Amitabh Rai, General Manager, Punjab National Bank, in the presence of senior officials from both organizations.
Through this partnership, PNB will extend customized financial products designed to meet the working capital and inventory funding needs of Ashok Leyland’s dealer network. The initiative will help strengthen dealer operations, ensure smooth business continuity, and promote sustainable growth across the commercial vehicle ecosystem.
This collaboration further reinforces Ashok Leyland’s commitment to empowering its dealer partners with accessible, affordable, and efficient financing solutions, enabling them to better serve customers and drive the brand’s growth momentum in India’s commercial vehicle sector.
Mr. K. M. Balaji, Chief Financial Officer, Ashok Leyland, said, “Ashok Leyland is pleased to partner with Punjab National Bank to offer enhanced financial support to our dealer partners. This collaboration will provide comprehensive financing solutions with flexible and convenient options, helping our dealers manage their business more efficiently. Leveraging PNB’s strong network across the country and competitive pricing, this initiative will further strengthen our reach and enable sustained growth for our dealer ecosystem.”
Ms. Madhavi Deshmukh, National Sales Head, Ashok Leyland, said, “This partnership with PNB will make financing more convenient for our dealers, ensuring smooth business operations and better customer service. We look forward to working closely with the bank to create value for our dealer partners.”
Mr. Amitabh Rai, General Manager, Punjab National Bank said, “We are extremely happy to partner with Ashok Leyland. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers. We believe that this partnership will meet the business needs of both organizations and create a strong positive impact.”
Ashok Leyland continues to build strategic partnerships with leading financial institutions to ensure ease of doing business for its customers and channel partners across India.
 to offer customized dealer financing solutions for Medium and Heavy Commercial Vehicle (MHCV) dealers, strengthening its dealer network and supporting business growth.){kind=link}