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TICKER TAPE
EQUIPMENT
ASHOK LEYLAND SIGNS MOU WITH BAJAJ FINANCE FOR dedicated to continuously enhancing our customers’ experience
VEHICLE FINANCE and delivering greater value. With the combined strength of Bajaj
Ashok Leyland Limited, the Indian flagship of the Hinduja Group Finance and Ashok Leyland, our customers will now have access
and country’s leading commercial vehicle manufacturer, has to comprehensive financing solutions with specially curated easy
signed a Memorandum of Understanding (MoU) with Bajaj repayment plans.”
Finance Limited, part of Bajaj Finserv, one of the country’s largest Anup Saha, Deputy Managing Director, Bajaj Finance said,
financial services groups, to enter into a strategic vehicle financing “We are delighted to collaborate with Ashok Leyland to provide
partnership for its customers across India. This MoU will enable commercial vehicle owners access to seamless financing
both Ashok Leyland and Bajaj Finance to offer customized and solutions customized to their needs. We are confident that with
seamless financial solutions to their customers. Bajaj Finance’s best-in-class India stack processes more vehicle
The MoU was signed by K.M. Balaji, CFO, Ashok Leyland and owners will gain from this partnership and
Harjeet Toor, President – Bharat Lending and Strategic Partnerships, scale their operations.”
Bajaj Finance in the presence of Sanjeev Kumar, President and The Sales and Marketing teams of Bajaj
Head- MHCV, Ashok Leyland. Through this partnership, Bajaj Finance and Ashok Leyland will join forces
Finance will offer comprehensive financial solutions to Ashok to develop joint marketing and financing
Leyland’s customers. The partnership will focus on meeting programs, mutually enhancing business
customer needs by providing vehicle loans with convenient volumes.
monthly repayment plans tailored to their preferences. Ashok Leyland today offers a
K.M. Balaji, Chief Financial Officer, comprehensive range of trucks and buses to meet the full
Ashok Leyland said, “Ashok Leyland is spectrum of commercial vehicle needs, from intercity light
delighted to partner with Bajaj Finance to commercial vehicles to long-haul trucks and a wide variety
provide customized finance solutions to of buses. Our vehicles ensure safe transport and driver-friendly
our customers. This strategic partnership options.
will strengthen Ashok Leyland’s market As a pioneer in technological innovations within the truck and bus
position. Our products, featuring innovative segment, Ashok Leyland is fully equipped with a range of buses
technology, offer industry-leading total powered by alternative fuels, dedicated to reducing pollution
cost of ownership, ensuring maximum and promoting an eco-friendly transport system in India.
profitability for our customers. We remain Bajaj Finance is one of the most diversified NBFCs in India with
committed to delivering exceptional presence across lending, deposits and payments, serving over
customer experiences.” 83.64 million customers.
Sanjeev Kumar, President-M&HCV, Ashok As of March 31, 2024, the company’s assets under management
Leyland said, “At Ashok Leyland, we are stood at `3,30,615 crore.
JUNE 2024|CONSTRUCTION OPPORTUNITIES 33
