Ashok Leyland inks pact with Adani Capital
The city-based company Ashok Leyland, the flagship of the Hinduja Group, announced on Thursday that it has signed a strategic agreement with Adani Capital to provide tailored financial solutions for its customers in the small and light commercial vehicle segments. To form a strategic relationship for a variety of LCVs, Ashok Leyland’s Light Commercial Vehicle business and Adani Capital Pvt Ltd has signed a memorandum of understanding.
According to a press release from the firm, “The MoU will allow both Ashok Leyland and Adani Capital to offer tailored finance solutions for its customers in the small commercial vehicle and light commercial vehicle segments.”
“In order to provide its customers with specialized financing solutions, Ashok Leyland is thrilled to collaborate with Adani Capital. This partnership will give Ashok Leyland a competitive advantage “Head-LCV Ashok Leyland, according to Rajat Gupta.
“The LCV product line from Ashok Leyland features cutting-edge and creative technology that gives its clients the best-in-class mileage, comfort, and load carrying capacity. This lowers the overall cost of ownership, increasing their business’s profitability “he declared.
According to Adani Capital, it would try to meet the needs of the consumers by offering commercial vehicle loans with convenient monthly payback schedules.
“Our organization has a vast branch network that provides funding for commercial cars. We constantly work to provide the end customer with customized solutions, appealing ads, and quicker turn around times “Saibaba Kelkar, the business head of Adani Capital, remarked.
“We would be able to offer our full range of financial solutions to Ashok Leyland clients and their dealers by utilizing the company’s large physical and digital reach,” he said.
According to the statement, Ashok Leyland offers solutions in the freight carrying market with its DOST, BADA DOST, and PARTNER range ranging from 2 tonnes to 7.5 tonnes GVW and in the passenger carrying segment with its MiTR line of school and staff buses ranging from 20 seats to 40 seats.