labels: automobiles - general, finance - general, banks & institutions
SBI, Ashok Leyland in vehicle financing pactnews
Our Banking Bureau
17 August 2005

New Delhi: Hinduja Group flagship Ashok Leyland and State Bank of India have entered into a nation-wide financing arrangement the entire range of Ashok Leyland commercial vehicle sales.

J.Chandrasekaran, general manager, SME Business Unit, SBI Corporate Centre, Mumbai and Ashok Leyland's K.Sridharan executive director, finance signed an MoU today at Chennai.

According to the MoU, SBI branches will offer loans on soft terms to potential customers for the purchase of any model from the full range of Ashok Leyland vehicles. According to Sridharan, "Besides the obvious benefit to both the organisations, we are particularly happy for our customers who stand to benefit through soft loan terms, quick processing and the extended repayment schedules offered under the scheme."

Chandrasekaran announced that the scheme would be launched in the market through customer meets to be jointly organised at various centres by Ashok Leyland dealers and SBI branch managers, who would work in close co-ordination for delivering the benefits of the tie-up to the vehicle buyers.




 search domain-b
  go
 
SBI, Ashok Leyland in vehicle financing pact