On Thursday, Ashok Leyland, a manufacturer of commercial vehicles, announced a partnership with CSB Bank Ltd to provide vehicle financing solutions to its clients.
A Memorandum of Understanding between the two businesses will allow them to work together to provide consumers of the automaker with specialized financial solutions, Ashok Leyland said in a statement.
“The partnership with CSB Bank will benefit customers with financial products, which are specifically tailored for a hassle-free experience. Through our vast network of dealerships, we will be able to provide the best financial solutions to our wide range of commercial vehicle customers,” Ashok Leyland CFO & Director Gopal Mahadevan said.
CSB Bank Group Head and Head, of Retail Banking, Narendra Dixit said, “This partnership will enable the bank to grow its portfolio of assets and extend its reach into previously untapped consumer segments.”
On Thursday at 13.55 p.m. Ashok Leyland company shares were trading at 1.10% down at Rs. 185.60 and CSB Bank shares were trading at 0.2% down at Rs. 329.50.
