Ashok Leyland Limited has signed a Memorandum ofUnderstanding (MoU) with South Indian Bank for financing dealers under the Bank’sdealer finance program. Under this partnership, the Bank will providecompetitive dealer finance options to the dealers of Ashok Leyland Limited.

Speaking on the partnership, Gopal Mahadevan,Director and Chief Financial Officer, Ashok Leyland Limited said, “Thisalliance will offer appropriate inventory financing solutions to our network ofdealers.” Added Ms. Biji S S, Senior General Manager and Group Business Head,South Indian Bank, “Through our varied financial solutions, our goal is tooffer convenient and complete financing choices to the dealers. We believe thatthis partnership will meet the business needs of both organizations and createa strong positive impact.”