New Delhi: Commercial vehicle manufacturer Ashok Leyland has entered into a strategic partnership with Nagaland Rural Bank to provide tailored vehicle financing solutions to customers in the region.
The collaboration aims to enhance financial accessibility for buyers of commercial vehicles, thereby fostering business growth in the sector.
As part of this initiative, the two entities have formalised their association through a Memorandum of Understanding (MoU).
This agreement will allow Ashok Leyland and Nagaland Rural Bank to extend customised financial services, ensuring that customers benefit from easy repayment plans and seamless loan processing.
Highlighting the significance of the partnership, Ashok Leyland CFO Balaji K M stated, “Nagaland Rural Bank has a robust presence in the state, making it an ideal partner for us. This collaboration will empower our customers by providing them with comprehensive financing solutions and flexible repayment options tailored to their needs.”
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Echoing similar sentiments, Nagaland Rural Bank Chairman Velayutham Sadhasivam emphasised the institution’s commitment to serving commercial vehicle customers across the state.
“This partnership reinforces our dedication to addressing the diverse financial requirements of businesses. We are confident that this alliance will help us expand our reach and deliver specialised financing options, ultimately contributing to the growth of the commercial vehicle sector in Nagaland.”
