Ashok Leyland has tied up with state-run Bank of Maharashtra to provide finance to its commercial vehicle buyers and also deepen reach. The tie-up will help Ashok Leyland to extend its reach as it will give it an access to 1700 branches of Bank of Maharashtra.
The tie-up comes at a time when most of the banks, especially those from the private sector space, are wary about their exposures to the commercial vehicle space.
Ashok Leyland, the Hinduja Group flagship company in India, is engaged in the manufacturing of commercial vehicles and related components. The company’s products include buses, trucks, engines, defense and special vehicles.
