Ashok Leyland and Indian Bank have entered into memorandum of understanding (MoU) to provide easy credit to micro, small and medium enterprises for the purchase of vehicles. Earlier, the company had collaborated with Indian Institute of Technology Madras (IIT Madras) Researchers at the National Centre for Combustion Research and Development (NCCRD) for developing a series of hybrid Electrical Vehicles.
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.
