Ashok Leyland signs MoU with YES Bank for vehicle financing

Ashok Leyland has announced that the company and YES Bank has signed a Memorandum of Understanding (MoU), whereby YES Bank will extend retail financing to customers of Ashok Leyland's commercial vehicles.

The MoU was signed by Nipun Jain, President and Head, YES Bank Ltd and K Ram Kumar, Special Director – Finance, Ashok Leyland Ltd.

The tie-up between both lets Ashok Leyland leverage its extensive branch network coupled with YES Bank’s customer reach for efficient and effective service to customers.

Speaking on the occasion, Gopal, Chief Financial Officer, Ashok Leyland Ltd, said, “We are delighted with this tie-up as our customers will greatly benefit from increased options for financing and YES Bank’s extensive network and reach.”

This MoU signed between Ashok Leyland and YES Bank can be sighted as a smart move in order to cater to the commercial vehicle segment in a better competent manner.