The Business Bytes
Kolkata, September 5, 2024 (TBB Bureau): In a strategic move to expand its reach in the vehicle financing sector, Bandhan Bank has partnered with Ashok Leyland, one of India’s leading commercial vehicle manufacturers. The Memorandum of Understanding (MoU) signed on Thursday marks a significant collaboration aimed at providing customized vehicle financing options for customers across the country.
Through this partnership, Bandhan Bank will offer vehicle loans with flexible monthly repayment plans, designed to cater to the diverse needs of customers seeking to purchase Ashok Leyland vehicles. This initiative underscores the bank’s commitment to addressing the unique financial requirements of commercial vehicle buyers, enabling them to acquire new vehicles with greater ease and affordability.
“This association reflects our dedication to serving the diverse financial needs of commercial vehicle customers,” said Rajinder Babbar, Executive Director & Chief Business Officer of Bandhan Bank. “By joining forces with Ashok Leyland, we aim to offer comprehensive vehicle finance solutions that enhance customer convenience and satisfaction.”
A senior official from Ashok Leyland emphasized that the collaboration with Bandhan Bank would not only enhance the company’s market presence but also provide substantial support to its customers by simplifying access to finance. “This strategic partnership will strengthen Ashok Leyland’s market position,” the official added.
