Ashok Leyland Joins Forces with IDBI Bank for Channel Financing Partnership of Dealers

23 Jun 2023 , 02:46 PM

Ashok Leyland has entered into a partnership with IDBI Bank for channel financing partnership of its dealers.

The collaboration aims to provide customised financial solutions for Ashok Leyland dealers. The agreement was formalized through a Memorandum of Understanding (MoU) between the two companies. The partnership will leverage the combined strength of Ashok Leyland and IDBI Bank.

Ashok Leyland CFO, Gopal Mahadevan, expressed confidence in the collaboration and highlighted the benefits it will bring to the dealer network. IDBI Bank’s Deputy Managing Director, Suresh Khatanhar, mentioned their digital channel finance tool ‘e-Supply Chain Financing’ designed to meet working capital requirements.

The partnership will enable IDBI Bank to support numerous businesses in India. The goal is to provide seamless financial support to Ashok Leyland’s dealers, promoting growth and resilience in the supply chain.

For feedback and suggestions, write to us at [e-mail]