By priya
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Updated On: 15-Jul-2025 07:47 AM
Ashok Leyland partners with Tamil Nadu Grama Bank to offer easy and flexible commercial vehicle loans, aiming to support small transport businesses across the state.
Key Highlights:
Ashok Leyland has signed a strategic agreement with Tamil Nadu Grama Bank to offer financing solutions for commercial vehicle buyers in the state. The Memorandum of Understanding (MoU) was officially signed on July 15, 2025. The partnership focuses on simplifying the loan process and offering easy repayment plans for customers purchasing Ashok Leyland vehicles.
Agreement Signed by Company and Bank Officials
The MoU was signed by Viplav Shah, Head of Light Commercial Vehicle Business at Ashok Leyland, and Kannan Ponnuraman, General Manager of Tamil Nadu Grama Bank. The signing ceremony also saw the presence of Mani Subramanian, Chairman of Tamil Nadu Grama Bank. This new partnership is expected to help customers in rural and semi-urban areas of Tamil Nadu by making vehicle financing more accessible.
Customized Loan Plans for Buyers
As part of the agreement, Tamil Nadu Grama Bank will offer loans that are tailored to meet individual customer needs. These loan options will come with flexible monthly repayment schedules, designed to align with the borrower’s earning patterns and business operations. Ashok Leyland customers can now avail of these loans through any of the bank’s branches across the state.
Leadership insights:
Viplav Shah said that the tie-up will boost Ashok Leyland’s market presence and help customers access their commercial vehicles more easily. He also mentioned that the company is committed to supporting its customers’ business profitability by offering convenient financial solutions. He added that with this partnership, Ashok Leyland can reach more small transporters, especially in tier-2 and tier-3 regions, and help them grow with affordable and reliable vehicles.
Mani Subramanian, Chairman of Tamil Nadu Grama Bank, highlighted that the bank is keen to support the financial needs of commercial vehicle buyers. He stated that the bank’s wide reach across Tamil Nadu will help customers find suitable loan options for their transport business. Subramanian expressed confidence that this collaboration with Ashok Leyland will help the bank serve a larger section of small businesses and contribute to the local transport economy.
About Tamil Nadu Grama Bank
Tamil Nadu Grama Bank currently operates 676 branches across the state. It provides a wide range of financial services, including agriculture, retail, and MSME loans. The bank also plays a key role in promoting central government schemes and financial inclusion initiatives.
Through this new partnership, the bank aims to bring more small transport operators under the formal banking system by offering them simple and secure financing options.
About Ashok Leyland
Ashok Leyland, a part of the Hinduja Group, is one of India’s top commercial vehicle makers. The company manufactures a wide range of trucks and buses for various use cases, from city delivery vehicles to intercity buses and long-distance trucks. In recent years, the company has also taken steps to develop vehicles powered by alternative fuels like CNG, LNG, and electric. This push for cleaner technology is part of Ashok Leyland’s efforts to reduce pollution and support sustainable transport in India.
Also Read: Ashok Leyland Sales Report June 2025: Sold 12,161 units; Report 5.80% Decline
CMV360 Says
This partnership is expected to create a positive impact on small and mid-sized transport operators in Tamil Nadu. With easier access to loans and flexible repayment options, more entrepreneurs and business owners will now be able to invest in commercial vehicles that suit their needs.