Ashok Leyland inks pact with Adani Capital

The city-based company Ashok Leyland, the flagship of the Hinduja Group, announced on Thursday that it has signed a strategic agreement with Adani Capital to provide tailored financial solutions for its customers in the small and light commercial vehicle segments.

To form a strategic relationship for a variety of LCVs, Ashok Leyland's Light Commercial Vehicle business and Adani Capital Pvt Ltd have signed a memorandum of understanding.

According to a corporate statement, "The MoU would allow both Ashok Leyland and Adani Capital to offer tailored financial solutions for its customers in the small commercial vehicle and light commercial vehicle segments."

"Ashok Leyland is thrilled to work with Adani Capital to provide its customers with specialised finance solutions. This partnership will give Ashok Leyland a competitive advantage, according to Rajat Gupta, Head-LCV at Ashok Leyland.

The LCV product line from Ashok Leyland features cutting-edge and creative technology that gives its clients best-in-class mileage, comfort, and load carrying capacity. This lowers the overall cost of ownership and boosts their company's profit, he said.

According to Adani Capital, it would try to meet the needs of the consumers by offering commercial vehicle loans with convenient monthly payback schedules. According to Adani Capital, it would try to meet the needs of the consumers by offering commercial vehicle loans with convenient monthly payback schedules.

"Our organisation has a vast branch network that provides funding for commercial cars. Saibaba Kelkar, the business head at Adani Capital, said, "We always attempt to deliver customised solutions to the end user coupled with appealing advertising and faster Turn Around Time.

"We would be able to offer our broad range of financial solutions to Ashok Leyland clients and their dealers by utilising the company's large physical and digital reach, he said.

According to the statement, Ashok Leyland offers solutions in the freight carrying market with its DOST, BADA DOST, and PARTNER range ranging from 2 tonnes to 7.5 tonnes GVW and in the passenger carrying segment with its MiTR line of school and staff buses ranging from 20 seats to 40 seats.