National, 3rd Nov 2025: Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB). Under this partnership, the Bank will provide competitive dealer finance options to the Medium and Heavy Commercial Vehicle (MHCV) dealers of Ashok Leyland.
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 organisations.
Under this partnership, Punjab National Bank will offer customised financial products to Ashok Leyland dealers to support their working capital and inventory funding needs. The initiative will help strengthen the dealer network by providing easy and flexible access to credit, enabling business continuity and growth.
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.
For further information/media queries, contact:
Rajesh Mani, Head – Marketing and Corporate Communications
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Mayura. K, Assistant General Manager – Corporate Communications
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Rudranil Sengupta | Adfactors PR
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