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.
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