Mumbai: Hinduja Group flagship firm Ashok Leyland has announced a strategic partnership with Kerala Gramin Bank to extend accessible vehicle loans to commercial vehicle buyers across the state.

The tie-up is designed to simplify vehicle financing by offering buyers customised loan packages accompanied by flexible repayment schedules tailored to individual business requirements.

According to Viplav Shah, head of LCV Business at Ashok Leyland, the collaboration will improve the reach of the company's light commercial vehicle portfolio while giving fleet operators and small business owners the financial flexibility needed to invest with confidence.

Highlighting the bank’s perspective, Kerala Gramin Bank chairperson Vimala Vijayabhaskar stated that the tie-up aligns with the institution's commitment to supporting local commercial enterprises. She added that the joint initiative would help expand the bank's credit reach while delivering structured financing solutions to drive business growth in Kerala’s transport sector.

PTI