Commercial Vehicle Loans

Following Covid-related disruptions, large fleet operators overwhelmingly opted for the 12 per cent FCM route, claiming ITC benefits on truck purchases.

Hinduja Group flagship company Ashok Leyland has signed a Memorandum of Understanding with Nagaland Rural Bank to provide customised vehicle financing solutions to its customers, a senior company official said. The Memorandum of Understanding would focus on meeting customer needs by providing vehicle loans with monthly repayment plans based on their preferences. "At Ashok Leyland, we are dedicated to continuously enhancing customer experience and delivering greater value in our products and services. Nagaland Rural Bank is a regional rural bank with a strong presence in the State." Ashok Leyland CFO Balaji K M said. "With this partnership in place, our customers in the region will have access to comprehensive financing solutions with specially curated easy repayment plans," he said. Ashok Leyland Head-Treasury and Direct Taxation C Neelakantan exchanged documents with Nagaland Rural Bank Chairman Velayutham Sadhasivam as part of the MoU, a company statement here said on ...

The growth in AUMs will be driven by rising demand for commercial vehicles, cars, utility vehicles, and two-/three-wheelers

Provisioning burden pegged at Rs 557-667 crore

Northern Arc says it is focusing on the financing of Used CVs.

Launches on a platform developed entirely in-house is the commercial vehicle maker's weapon of choice to expand domestic market share and develop new global markets

The private sector lender to lean on two segments of the business, namely consumer loans and mortgages

Pick up in rural economy to be positive for retail loan asset classes