Bengaluru, 18 September 2026: Ashok Leyland, the Indian flagship of the Hinduja Group and country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with Kerala Grameena Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable Ashok Leyland and Kerala Grameena Bank to offer customized and convenient financing solutions to customers purchasing Ashok Leyland vehicles.
The MoU was signed by Mr. Viplav Shah, Head – LCV Business, Ashok Leyland and Mr. Gundekar Harish Gangadhar Rao, General Manager, Kerala Grameena Bank in presence of Smt. Vimala Vijayabhaskar, Chairperson, Kerala Grameena Bank. Under this partnership, Kerala Grameena Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland. The partnership aims to enhance customer convenience by offering vehicle loans with flexible, easy-to-manage repayment options, tailored to meet individual needs and preferences.
Mr. Viplav Shah, Head-LCV Business, Ashok Leyland said, “Ashok Leyland is delighted to partner with Kerala Grameena Bank to provide our customers with attractive, accessible and customized financing solutions. This strategic partnership will further enhance the accessibility of our innovative range of commercial vehicles, enabling businesses and fleet operators to invest with greater confidence and financial flexibility. Powered by cutting-edge technology and engineered to deliver industry-leading total cost of ownership, our vehicles are designed to enhance customer productivity and profitability. Together with Kerala Grameena Bank, we look forward to creating greater value for our customers and supporting their growth journeys.”
Smt. Vimala Vijayabhaskar, Chairperson, Kerala Grameena Bank, said, “Kerala Grameena 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 of Kerala.”
Ashok Leyland offers a comprehensive range of Light Commercial Vehicles (LCVs) and Medium & Heavy Commercial Vehicles (MHCVs), catering to the diverse needs of the commercial transportation ecosystem, from intercity light commercial vehicles and long-haul trucks to a wide range of buses. Built with a strong focus on safety, comfort and driver convenience, its vehicles are designed to deliver dependable performance across varied applications. A pioneer in technological innovation in the truck and bus segments, Ashok Leyland is also advancing sustainable mobility with a growing portfolio of alternative-fuelled buses, supporting the transition towards cleaner, more efficient and environmentally responsible transportation in India.
About Ashok Leyland:
Ashok Leyland, flagship of the Hinduja Group, is among the leading commercial vehicle manufacturers globally and a pioneer in India’s mobility ecosystem. Ranked as the 2nd largest commercial vehicle manufacturer in India, the 4th largest bus manufacturer in the world, and among the top global truck manufacturers, Ashok Leyland has been driving progress for over seven decades.
With a revenue of US$ 4.65 billion and operations spanning 50 countries, Ashok Leyland combines a rich heritage of innovation with a strong commitment to sustainable mobility. Headquartered in Chennai, the company offers a diversified portfolio that includes trucks, buses, light commercial vehicles, defence vehicles, power solutions and electric mobility offerings, supported by an extensive manufacturing and distribution network in India and overseas.
Recognized among India’s leading brands, Ashok Leyland continues to shape the future of transportation through technology, operational excellence and customer-centric solutions, reinforcing its position as a trusted partner in nation-building and economic growth.
For more information, visit: www.ashokleyland.com
About Hinduja Group:
The Hinduja Group is a 111-year-old transnational conglomerate with over 250,000 employees across 100 countries. Founded in 1914 by Late Shri Parmanand Deepchand Hinduja, the Group has evolved into one of India’s most respected diversified business houses, with a leadership in automotive and mobility, banking and financial services, IT and digital solutions, energy and healthcare. Through its enterprises, the Group has contributed to India’s industrial evolution and economic progress while building strong global partnerships and market presence worldwide. Anchored in robust governance, disciplined risk management and long-term value creation, the Hinduja Group is guided by its enduring credo, “My Dharma is to work so that I can give,” reflecting a legacy that combines global enterprise with nation-building and community commitment.
Learn more about Hinduja Group on https://www.hindujagroup.com/ Instagram and Facebook: @HindujaGroup
About Kerala Grameena Bank:
Kerala Grameena Bank is a leading Regional Rural Bank in Kerala, with an extensive network of branches spread across the state, the Bank caters to the financial needs of rural, semi-urban, and urban customers. Kerala Grameena Bank offers a comprehensive range of products and services, including retail banking, MSME financing, agricultural credit, and digital banking solutions. With a strong focus on financial inclusion and sustainable development, the Bank continues to play a pivotal role in empowering communities, promoting entrepreneurship, and contributing to the socio-economic development of Kerala.
