Ashok Leyland partners with UCO Bank for providing Vehicle Finance facilities

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with UCO Bank to enter into a strategic vehicle financing partnership for its customers. This MoU will enable both Ashok Leyland and UCO Bank to offer customized financial solutions to the customers buying Ashok Leyland’s trucks and buses.

The MoU was signed by Mr. Neelakantan, Vice President- Finance, Ashok Leyland and Mr. R. S. Ajith, Zonal Head, Chennai, UCO Bank in the presence of Mr. D. S. Madhusudhan, Head – Sales Finance and Mr. Kapil Pandya – Head Retail and Inventory Finance – LCV, Ashok Leyland. Under this partnership, UCO Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland. The partnership aims to enhance customer convenience by offering vehicle loans with flexible, easy-to-manage repayment options, tailored to meet individual needs and preferences.

K M Balaji, Whole-Time Director and Chief Financial Officer, Ashok Leyland said, “Ashok Leyland is delighted to partner with UCO Bank to offer attractive and accessible financing solutions to our customers. This strategic partnership will further strengthen our market presence by making our innovative range of commercial vehicles more accessible to businesses across the country. Backed by cutting-edge technology and delivering an industry-leading total cost of ownership, our products are designed to maximize customer profitability. We remain committed to providing best-in-class mobility solutions and a superior ownership experience for our customers.”

Madhavi Deshmukh, Senior Vice President-National Head Sales Medium & Heavy Commercial Vehicles, Ashok Leyland said, “At Ashok Leyland, we are committed to enabling our customers’ growth through innovative products ownership experiences. Our partnership with UCO Bank is a significant step towards making our industry-leading commercial vehicles more accessible with attractive and convenient financing solutions. Together, we aim to empower fleet operators and businesses with greater financial flexibility, while delivering superior value through our technologically advanced products and best-in-class total cost of ownership.”

R. S. Ajith, Deputy General Manager, Zonal Head, Chennai said, “UCO Bank is pleased to partner with Ashok Leyland to offer seamless vehicle financing solutions. This collaboration reinforces our commitment to supporting businesses with accessible, tailored financial solutions that simplify vehicle ownership and enable growth. We aim to make commercial vehicle ownership simpler, more accessible, and more rewarding for our customers.”

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.

Ashok Leyland Partners with Shriram Automall to Unlock New Opportunities in India’s Used Commercial Vehicle Market

Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU), with Shriram Automall India Limited (SAMIL). This partnership combines Ashok Leyland’s trusted commercial vehicle legacy with SAMIL’s nationwide auction and remarketing network to deliver a seamless and trusted pre-owned vehicle experience. The MoU was signed by Mr. Viplav Shah, Head -LCV, Ashok Leyland and Mr. Sameer Malhotra, Director & CEO, SAMIL. Under this partnership, Ashok Leyland and Shriram Automall will establish a robust and transparent ecosystem for certified pre-owned commercial vehicles, enabling customers across India to access reliable, quality-assured mobility solutions with greater confidence and convenience.

Viplav Shah, Head -LCV, Ashok Leyland said, “We are delighted to partner with Shriram Automall to strengthen our presence in the pre-owned commercial vehicle market. As we continue our journey towards becoming a comprehensive mobility solutions provider, this collaboration marks an important step in expanding our footprint across the entire commercial vehicle lifecycle. By combining Ashok Leyland’s deep expertise in the commercial vehicle industry with Shriram Automall’s strong network and customer base in the used vehicle segment, we aim to create greater value and a seamless ownership experience for customers.”

Sameer Malhotra, Director & CEO, SAMIL, said, “At SAMIL, our vision has always been to build an organised and trusted marketplace for pre-owned vehicles, equipment, and other assets in India. Partnering with Ashok Leyland marks another significant milestone in that journey.

Ashok Leyland has earned the trust of millions through its quality, durability, and innovation, and we are proud to collaborate with such an iconic brand. Together, we aim to create greater value for customers by providing a transparent, efficient, and reliable platform that simplifies the buying and selling of pre-owned commercial vehicles across the country.”

Pre-owned or re-purposed vehicles sector is experiencing exponential and consistent growth.

Through facilities like exchange, disposal, hybrid, and special vehicle inspection, this partnership aims to become the first choice amongst the customers considering an exchange of their vehicles.

This partnership will enable Ashok Leyland to expand its reach among fleet operators and single-truck owners across India.

Tata Motors inaugurates Re.Wi.Re – advanced Vehicle Scrapping Facility in Patna

Reaffirming its commitment to drive India’s transition towards sustainable mobility and circular economy, Tata Motors, India’s largest commercial vehicle manufacturer, today announced the opening of its state-of-the-art Re.Wi.Re (Recycle With Respect) Facility in Patna, Bihar. Inaugurated by Hon’ble Minister of Transport, Government of Bihar, Shri Damodar Rawat, this registered vehicle scrappage facility (RVSF) is designed to safely and responsibly dismantle end-of-life vehicles across all brands and all vehicle segments, including two- and three-wheelers.

Spread across 5.5 acres, the Patna RVSF is operated by Kalahanu Bothra Group and has a capacity to safely dismantle up to 15,000 vehicles per annum.

Inaugurating the facility, Hon’ble Minister for Transport, Government of Bihar, Damodar Rawat, said, “The launch of this Registered Vehicle Scrapping Facility in Patna is a significant step towards safer roads and a cleaner transport ecosystem for the state. In line with the National Vehicle Scrappage Policy, the facility will help phase out old and unfit vehicles in a scientific and responsible manner, while encouraging owners to move to newer, safer and more fuel-efficient vehicles. Modernising our vehicle fleet is essential to reducing emissions and improving road safety across Bihar. I congratulate Tata Motors and the Kalahanu Group on this initiative and look forward to more such efforts that advance safe and sustainable mobility in the state.”

Speaking about the initiative, Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors Ltd., said, “The inauguration of our Patna facility marks another step in building a responsible, organised ecosystem for end-of-life vehicles across the country. The National Vehicle Scrappage Policy has created a structured framework to phase out unfit and polluting vehicles and, through well-designed incentives, encourages owners to transition to cleaner and more fuel-efficient vehicles. Guided by the principles of circular economy, we are equipped with the widest nationwide network of Registered Vehicle Scrapping Facilities to responsibly dismantle close to 2 lakh end-of-life vehicles annually. We deeply value the unwavering support and collaboration of our partners, state governments and local authorities in turning this vision into reality.”

With this expansion, Tata Motors now operates 12 vehicle-scrapping centres, including facilities in Jaipur, Bhubaneswar, Surat, Chandigarh, Delhi NCR, Pune, Guwahati, Raipur, Lucknow, Kolkata, Ahmedabad and Patna. Each Re.Wi.Re facility is fully digitalised, with all its operations seamless and paperless. Equipped with cell-type dismantling for commercial vehicles, two-wheelers and three-wheelers, and line-type dismantling for passenger vehicles, there are dedicated stations for the safe dismantling of various components, including tyres, batteries, fuel, oils, liquids, and gases. Every vehicle undergoes a meticulous documentation and dismantling process designed specifically to meet the responsible scrapping requirements of passenger and commercial vehicles, guaranteeing safe disposal of all components as per the nation’s vehicle scrappage policy.