The Chennai-based firm said in a statement that "with this tie-up, Ashok Leyland will have access to Lakshmi Vilas Bank's network presence in 15 states that will enable efficient and effective service to its customers across the country".
Ashok Leyland Chief Financial Officer Gopal Mahadevan said: "We are sure that the bank's technologically advanced network will help Ashok Leyland deepen and widen its presence."
Lakshmi Vilas Bank MD & CEO Rakesh Sharma said: "This is a strategic tie up with a leading OEM group and will be a step forward for LVB strengthening its presence in retail commercial vehicle lending".
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