Page 40 - Construction_Opportunities_July_2026

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EQUIPMENT Ashok Leyland, the Indian flagship of the Hinduja Group and the
ASHOK LEYLAND PARTNERS WITH UCO BANK FOR
PROVIDING VEHICLE FINANCE FACILITIES

country’s leading commercial vehicle manufacturer, signed a
Memorandum of Understanding (MoU), with UCO Bank to enter
into a strategic vehicle financing partnership for its customers.
This MoU will enable both Ashok Leyland and UCO Bank to offer
customized financial solutions to the customers buying Ashok
Leyland’s trucks and buses. innovations within the truck and bus segment, Ashok Leyland is
The MoU was signed by Mr. Neelakantan, Vice President- Finance, fully equipped with a range of buses powered by alternative fuels,
Ashok Leyland and Mr. R. S. Ajith, Zonal Head, Chennai, UCO Bank dedicated to reducing pollution and promoting an eco-friendly
in the presence of Mr. D. S. Madhusudhan, Head – Sales Finance transport system in India.
and Mr. Kapil Pandya – Head Retail and Inventory Finance – LCV,
Ashok Leyland. Under this partnership, UCO Bank will be able to ASHOK LEYLAND PARTNERS WITH SHRIRAM AUTOMALL
provide end-to-end financial solutions to the customers of Ashok TO UNLOCK NEW OPPORTUNITIES IN INDIA’S USED
Leyland. The partnership aims to enhance customer convenience COMMERCIAL VEHICLE MARKET
by offering vehicle loans with flexible, easy-to-manage repayment Ashok Leyland, the Indian flagship of the Hinduja Group and the
options, tailored to meet individual needs and preferences. country’s leading commercial vehicle manufacturer, signed a
K M Balaji, Whole-Time Director and Chief Financial Officer, Memorandum of Understanding (MoU), with Shriram Automall India
Ashok Leyland said, “Ashok Leyland is delighted to partner with Limited (SAMIL). This partnership combines Ashok Leyland’s trusted
UCO Bank to offer attractive and accessible commercial vehicle legacy with SAMIL’s nationwide auction and
financing solutions to our customers. This remarketing network to deliver a seamless and trusted pre-owned
strategic partnership will further strengthen vehicle experience. The MoU was signed by Mr. Viplav Shah, Head
our market presence by making our -LCV, Ashok Leyland and Mr. Sameer Malhotra, Director & CEO,
innovative range of commercial vehicles SAMIL. Under this partnership, Ashok Leyland and Shriram Automall
more accessible to businesses across will establish a robust and transparent ecosystem for certified pre-
the country. Backed by cutting-edge owned commercial vehicles, enabling customers across India
technology and delivering an industry- to access reliable, quality-assured mobility solutions with greater
leading total cost of ownership, our products are designed confidence and convenience.
to maximize customer profitability. We remain committed to Viplav Shah, Head -LCV, Ashok Leyland said, “We are delighted
providing best-in-class mobility solutions and a superior ownership to partner with Shriram Automall to strengthen our presence in the
experience for our customers.” pre-owned commercial vehicle market. As
Madhavi Deshmukh, Senior Vice President-National Head Sales we continue our journey towards becoming
Medium & Heavy Commercial Vehicles, a comprehensive mobility solutions
Ashok Leyland said, “At Ashok Leyland, we provider, this collaboration marks an
are committed to enabling our customers’ important step in expanding our footprint
growth through innovative products across the entire commercial vehicle
ownership experiences. Our partnership lifecycle. By combining Ashok Leyland’s
with UCO Bank is a significant step towards deep expertise in the commercial vehicle
making our industry-leading commercial industry with Shriram Automall’s strong network and customer base
vehicles more accessible with attractive in the used vehicle segment, we aim to create greater value and
and convenient financing solutions. Together, we aim to empower a seamless ownership experience for customers.”
fleet operators and businesses with greater financial flexibility, while Sameer Malhotra, Director & CEO, SAMIL,
delivering superior value through our technologically advanced said, “At SAMIL, our vision has always
products and best-in-class total cost of ownership.” been to build an organised and trusted
R. S. Ajith, Deputy General Manager, Zonal Head, Chennai marketplace for pre-owned vehicles,
said, “UCO Bank is pleased to partner with Ashok Leyland to offer equipment, and other assets in India.
seamless vehicle financing solutions. This collaboration reinforces Partnering with Ashok Leyland marks another
our commitment to supporting businesses with accessible, tailored significant milestone in that journey.
financial solutions that simplify vehicle ownership and enable
growth. We aim to make commercial vehicle ownership simpler,
more accessible, and more rewarding for our customers.”
Ashok Leyland today offers a comprehensive range of trucks and
buses to meet the full spectrum of commercial vehicle needs,
from intercity light commercial vehicles to long-haul trucks and
a wide variety of buses. Ashok Leyland’s vehicles ensure safe
transport and driver-friendly options. As a pioneer in technological

40 CONSTRUCTION OPPORTUNITIES|JULY 2026