Chandigarh, 21st July, 2025: Ashok Leyland, the Indian flagship of the Hinduja Group and country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with Chhattisgarh Rajya Gramin Bank (CRGB) to enter into a strategic vehicle financing partnership for its Medium and Heavy Commercial Vehicles (MHCV) customers. This MoU will enable both Ashok Leyland and Chhattisgarh Rajya Gramin Bank to offer customized financial solutions to the customers.
The MoU was exchanged between Mr. D. S. Madhusudhan, Head Sales – Finance, Ashok Leyland and Mr. Vijay Vasant Raikwad, General Manager – Credit, Chhattisgarh Rajya Gramin Bank. Mr. Sreeji, Zonal Manager – Central, Ashok Leyland; Mr. Saikat Mandal, Regional Manager – Chhattisgarh, Ashok Leyland and Mr. Amarjeet Singh Khanuja, AGM – Credit, Chhattisgarh Rajya Gramin Bank were present. Under this partnership, Chhattisgarh Rajya Gramin Bank will provide comprehensive financial solutions to customers of Ashok Leyland. The collaboration aims to enhance customer convenience by offering vehicle loans with flexible, easy-to-manage repayment options, tailored to meet individual needs and preferences.”
Mr. K.M. Balaji, Chief Financial Officer, Ashok Leyland said, “Ashok Leyland is happy to partner with Chhattisgarh Rajya Gramin Bank. Our collaboration with Chhattisgarh Rajya Gramin Bank enables us to offer comprehensive financing solutions, with flexible and customized repayment plans, ensuring greater convenience for our customers leveraging the Bank’s network in state of Chhattisgarh.”
Mr. Sanjeev Kumar, President – MHCV, Ashok Leyland said, “We are delighted to partner with Chhattisgarh Rajya Gramin Bank to offer attractive and accessible financing solutions to our customers. This strategic collaboration further strengthens Ashok Leyland’s market leadership and customer-centric approach. Our advanced products are engineered to deliver the industry’s best total cost of ownership, enabling greater profitability for our customers. We remain committed to delivering exceptional experiences across every touchpoint.”
Mr. Vijay Vasant Raikwad, General Manager – Credit, Chhattisgarh Rajya Gramin Bank, said, “We are proud to partner with Ashok Leyland. The partnership will offer customized offerings to customers across Chhattisgarh. Our diverse financial offerings aim to deliver convenient and comprehensive financing choices. We believe this partnership will fulfil the business needs of both organizations, creating a significant positive impact and paving the way for continued progress and success in the commercial vehicle sector.”
Ashok Leyland today offers a comprehensive range of trucks and buses to meet the full spectrum of commercial vehicle needs, from intercity light commercial vehicles to long-haul trucks and a wide variety of buses. Ashok Leyland’s vehicles ensure safe transport and driver-friendly options. As a pioneer in technological innovations within the truck and bus segment, Ashok Leyland is fully equipped with a range of buses powered by alternative fuels, dedicated to reducing pollution and promoting an eco-friendly transport system in India.