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Ashok Leyland, the Indian flagship of the Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a Memorandum of Understanding (MoU) with Punjab National Bank (PNB). Under this partnership, the Bank will provide competitive dealer finance options to the Medium and Heavy Commercial Vehicle (MHCV) dealers of Ashok Leyland. Punjab National Bank will offer customised financial products to Ashok Leyland dealers to support their working capital and inventory funding needs. The initiative will help strengthen the dealer network by providing easy and flexible access to credit, enabling business continuity and growth. KM Balaji, Chief Financial Officer, Ashok Leyland, said, this collaboration will provide comprehensive financing solutions with flexible and convenient options, helping dealers manage their business more efficiently. Leveraging PNB’s strong network across the country and competitive pricing, this initiative will further strengthen our reach and enable sustained growth for our dealer ecosystem.” According to Amitabh Rai, General Manager, Punjab National Bank said, “We are extremely happy to partner with Ashok Leyland. Through our varied financial solutions, our goal is to offer convenient and complete financing choices to the dealers. We believe that this partnership will meet the business needs of both organizations and create a strong positive impact.” Published on November 3, 2025
