MoU between Ashok Leyland and Himchal Gramin Bank

Ashok Leyland, the Hinduja Group flagship and Himachal Gramin Bank (HGB) executed a Memorandum of Understanding on Friday, 29/10 in Mandi, HP, which offers AL’s customers very attractive terms for financing commercial vehicles.

AL’s competitively priced, state-of-the art product range designed to suit specific applications, provides our customers a winning solution to their transportation needs; Coupled with such a product, when we are able to offer a viable funding option from HGL, the customer is on a win-win situation, according to Mr. Srinivasan Anand, Head – Sales Financing of AL. HGB’s attractive terms, liberal funding quantum, passion for financing SMEs and above all, their excellent network in HP has proved to be a boon to our customers, according to Mr. R.K. Chadha, Regional Manager of AL.

In view of their funding capability, excellent terms and transparent method of dealing, AL has tied up with a host of PSBs; As of to-day, HGB, headquartered in Mandi, HP, with a network of 123 Branches, becomes one of AL’s Accredited Bankers and is fully geared to serve the financial requirements of AL’s customers.