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New Delhi, September 18, 2026: Ashok Leyland, the Indian flagship of the Hinduja Group and one of India’s leading commercial vehicle manufacturers, has entered into a strategic partnership with Kerala Grameena Bank. The partnership aims to provide vehicle financing facilities to Ashok Leyland customers. As part of the partnership, a Memorandum of Understanding (MoU) was signed between the two organisations.
Under this partnership, Ashok Leyland and Kerala Grameena Bank will provide convenient and customised financing solutions to customers purchasing Ashok Leyland vehicles, based on their individual requirements.
The MoU was signed by Viplav Shah, Head of LCV Business, Ashok Leyland, and Gundekar Harish Gangadhar Rao, General Manager, Kerala Grameena Bank. Vimala Vijayabhaskar, Chairperson, Kerala Grameena Bank, was also present on the occasion.
Under the partnership, Kerala Grameena Bank will provide end-to-end financial services related to vehicle purchases to Ashok Leyland customers. The initiative aims to enhance customer convenience by offering vehicle loans with flexible and easy-to-manage repayment options tailored to their individual needs and preferences.
Viplav Shah, Head of LCV Business, Ashok Leyland, said, “We are pleased to partner with Kerala Grameena Bank to provide our customers with attractive, accessible and need-based financing solutions. This strategic partnership will further enhance the accessibility of our modern commercial vehicles. It will help businesses and fleet operators invest with greater confidence and financial flexibility. Equipped with advanced technology and engineered to deliver industry-leading total cost of ownership, our vehicles help customers improve productivity and profitability. Together with Kerala Grameena Bank, we look forward to creating greater value for our customers and supporting them in their growth journey.”
Vimala Vijayabhaskar, Chairperson, Kerala Grameena Bank, said, “Kerala Grameena Bank is excited to partner with Ashok Leyland to provide seamless vehicle financing solutions. This partnership reflects our commitment to addressing the diverse financial needs of commercial vehicle customers. We believe this collaboration will expand our reach across the state and enable us to offer financing options tailored to customer requirements, while supporting business growth in the commercial vehicle sector.”
Ashok Leyland offers a comprehensive range of Light Commercial Vehicles (LCVs) and Medium and Heavy Commercial Vehicles (M&HCVs). Its portfolio caters to diverse requirements across the commercial transportation sector, ranging from intercity light commercial vehicles and long-haul trucks to various types of buses. Designed with a focus on safety, comfort and driver convenience, these vehicles are engineered to deliver dependable performance across a wide range of applications.
A leading technology innovator in the truck and bus segment, Ashok Leyland is also promoting sustainable transportation. The company’s portfolio of alternative-fuel-powered buses continues to expand, supporting India’s transition towards cleaner, more efficient and environmentally responsible transportation.
