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Updated On: 03-Nov-2025 09:08 AM
Ashok Leyland joins hands with Punjab National Bank to provide dealer financing and working capital support for its MHCV dealer network across India.
Ashok Leyland signs an MoU with Punjab National Bank on November 3, 2025.
The partnership focuses on dealer financing for the MHCV network across India.
PNB to offer customized financial products for working capital and inventory.
Collaboration aims to simplify financing and boost dealer operations.
Strengthens Ashok Leyland’s nationwide dealer ecosystem and business growth.
Commercial vehicle manufacturer Ashok Leyland has announced a new partnership with Punjab National Bank (PNB) to offer improved financing options for its Medium and Heavy Commercial Vehicle (MHCV) dealer network across India.
The Memorandum of Understanding (MoU) was officially signed on November 3, 2025, by K. M. Balaji, Chief Financial Officer of Ashok Leyland, and Amitabh Rai, General Manager of Punjab National Bank. Senior officials from both organizations were also present at the signing ceremony.
Under this agreement, PNB will provide customized financial products designed to meet the working capital and inventory funding needs of Ashok Leyland’s dealers.
The collaboration aims to strengthen the dealer ecosystem by ensuring easy and flexible access to credit, helping dealers maintain smooth operations and expand their businesses.
Speaking about the collaboration, K. M. Balaji stated that the partnership with PNB will leverage the bank’s wide national network and competitive financing solutions. He added that this initiative will enable dealers to manage operations efficiently while enhancing Ashok Leyland’s market presence across India.
Madhavi Deshmukh, National Sales Head at Ashok Leyland, mentioned that the tie-up will simplify financing processes, allowing dealers to focus on customer service and business growth without financial constraints.
From the banking side, Amitabh Rai of Punjab National Bank expressed satisfaction with the partnership, noting that PNB’s diverse financial products will offer comprehensive and convenient financing tailored to the business needs of Ashok Leyland’s dealer network.
This partnership is part of Ashok Leyland’s ongoing strategy to collaborate with major financial institutions to enhance dealer and customer experience.
By working closely with banks like PNB, Ashok Leyland aims to create a strong, financially empowered dealer network that supports sustained business growth and improved service delivery nationwide.
The Ashok Leyland–PNB partnership is a significant step toward empowering dealers with reliable financial support. This move will ensure smoother operations, strengthen the dealer ecosystem, and reinforce Ashok Leyland’s commitment to supporting its business partners across India.