Ashok Leyland Partners with Rajasthan Gramin Bank to Offer Easy Vehicle Loans in Rajasthan

Key Highlights

• MoU signed in Jodhpur on February 17, 2026.

• Customised vehicle loans for Ashok Leyland customers.

• Flexible repayment options available.

• Rajasthan Gramin Bank has the largest branch network in the state.

• Focus on supporting commercial vehicle businesses.

In a major step to make commercial vehicle buying easier, Ashok Leyland has signed a Memorandum of Understanding (MoU) with Rajasthan Gramin Bank to provide vehicle financing solutions in Rajasthan. This partnership will help customers access customised vehicle loans and flexible repayment options across the state.

The MoU was signed in Jodhpur on February 17, 2026. With this agreement, customers purchasing Ashok Leyland vehicles in Rajasthan can now benefit from end-to-end financial solutions through the wide branch network of Rajasthan Gramin Bank.

MoU Signed in Jodhpur

The agreement was signed by Viplav Shah, Head of LCV Business at Ashok Leyland, and Abhimanyu Charan, AGM at Rajasthan Gramin Bank. The signing ceremony took place in the presence of Mukesh Bhartiya, Chairman of Rajasthan Gramin Bank.

Rajasthan Gramin Bank is the largest bank in the state in terms of branch network, which will help expand the reach of vehicle financing services to customers in both urban and rural areas.

What This Partnership Means for Customers

Under this partnership, Rajasthan Gramin Bank will offer:

• Customised vehicle loans

• Flexible repayment terms

• Quick and seamless financing process

• Financial solutions tailored to individual business needs

This initiative aims to make it easier for customers to purchase Ashok Leyland commercial vehicles without financial stress.

Strengthening Market Position in Rajasthan

Speaking on the occasion, Viplav Shah said that Ashok Leyland is delighted to partner with Rajasthan Gramin Bank to offer attractive financing solutions. He added that this strategic collaboration will further strengthen the company’s market presence in Rajasthan.

He also highlighted that Ashok Leyland vehicles are built with innovative technology and deliver industry-leading total cost of ownership, ensuring maximum profitability for customers. The company remains committed to providing an exceptional customer experience.

Supporting Commercial Vehicle Businesses

Mukesh Bhartiya, Chairman of Rajasthan Gramin Bank, said that the bank is pleased to associate with Ashok Leyland to provide seamless vehicle financing solutions. He noted that the collaboration reflects the bank’s commitment to meeting the diverse financial needs of commercial vehicle customers.

He expressed confidence that this partnership will help extend the bank’s reach and support business growth in the commercial vehicle segment by offering tailored financing options.

About Ashok Leyland

Ashok Leyland is the Indian flagship company of the Hinduja Group. The company manufactures a wide range of commercial vehicles, including light commercial vehicles (LCVs), long-haul trucks, and buses. It also offers vehicles powered by alternative fuels, supporting the shift towards cleaner mobility solutions.

With this new partnership in Rajasthan, Ashok Leyland aims to make vehicle ownership easier and more accessible for customers across the state.

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CMV360 says

The MoU between Ashok Leyland and Rajasthan Gramin Bank is a strong move to improve vehicle financing access in Rajasthan. With customised loans, flexible repayment options, and a wide branch network, customers can now purchase commercial vehicles more easily. This partnership will not only strengthen Ashok Leyland’s presence in the state but also support business growth and financial inclusion in the commercial vehicle sector.