Ashok Leyland, the Indian flagship of Hinduja Group and the country’s leading commercial vehicle manufacturer, signed a memorandum of understanding (MoU) with Indian Bank to provide finance facilities for its M&HCV dealers.

Through the cooperation, Ashok Leyland's M&HCV dealers will have easier access to finance solutions, enabling them to improve company operations and effectively manage their working capital. Dealers may grow their operations with ease thanks to Indian Bank's customised financing alternatives, which offer better liquidity, quicker loan approvals and competitive interest rates. This partnership underscores Ashok Leyland's dedication to empowering its dealer network and promoting sustainable growth in the commercial vehicle sector by guaranteeing increased financial flexibility.

C Neelakantan, Head of Treasury and Direct Taxation at Ashok Leyland, and Saurabh Dalmia, Head of Cash Management at Indian Bank, signed the MoU in the presence of Madhavi Deshmukh, National Sales Head of MHCV at Ashok Leyland, Ashutosh Choudhury, Executive Director, Roopali Singh, DGM-CMS Vertical, and Munash Dalal, AGM-CMS Vertical, who were representatives from Indian Bank.

Balaji K M, CFO, Ashok Leyland, said, “Ashok Leyland is delighted to partner with Indian Bank to offer customised finance solutions to our valued M&HCV dealers. With Indian Bank’s expansive network of 5,880 branches across India, we can cater to our dealers in every region. This strategic partnership will strengthen Ashok Leyland's market position. We remain committed to delivering exceptional experiences to our customers.”

Madhavi Deshmukh, National Sales Head – MHCV, Ashok Leyland, said, “The strategic collaboration with Indian Bank will deliver exceptional financing solutions to our valued dealers, extending our market reach and reinforcing our commitment to innovation and partner success. This partnership will provide tailored financing solutions designed to meet the unique requirements of our dealers. We remain dedicated to fostering long-lasting relationship with our dealer network.”

Ashutosh Choudhury, Executive Director, Indian Bank, said, “Indian Bank is pleased to partner with Ashok Leyland to provide their dealers seamless and tailored financing solutions. This collaboration reaffirms our commitment to supporting the diverse financial requirements of businesses in the commercial vehicle sector. With Indian Bank’s best-in-class processes, we are confident that more dealers will benefit from this partnership, enabling them to scale their operations and drive business growth.”

Comments (0)

ADD COMMENT

Link Copied!

Mahindra Truck and Bus, a division of the Mahindra Group, has introduced the Mahindra Blazo i-TRK heavy commercial vehicle range in India.

The vehicle range features Mahindra's 320hp mPOWER engine and the iMAXX 2.0 fleet telematics platform.

The company says the new Blazo i-TRK delivers up to 10 percent higher fuel efficiency compared to previous models. Mahindra has also introduced a 48-hour uptime guarantee for the vehicle range, offering a compensation scheme of INR 10,000 per day in cases where service timelines are not met.

The telematics platform connects vehicle systems to provide fleet operators with operational data, remote monitoring capabilities and maintenance management tools. The integration of connected vehicle technology is intended to support freight movement and fleet productivity across Indian transport routes.

Comments (0)

ADD COMMENT

Link Copied!

Eicher Trucks & Buses, a division of VE Commercial Vehicles (VECV), has inaugurated its 11^th Regional Competence Development Centre (RCDC) at Deenbandhu Chhotu Ram University of Science and Technology (DCRUST) in Murthal, Haryana. The facility was inaugurated by the Chief Minister of Haryana, Nayab Singh Saini.

The centre was established in collaboration with DCRUST to provide technical instruction and skill training in commercial vehicle technologies. It covers 7,900 square feet and contains classrooms, workshops, vehicle practice bays, diagnostic tools and training platforms for light, medium and heavy-duty commercial vehicles. It features dynamic driveline models, engine sections, electrical laboratories, a vehicle inspection pit and VECV's mobile training unit.

S S Gill, Chief Commercial Officer, VE Commercial Vehicles, said, “We are grateful to the Chief Minister of Haryana Nayab Singh Saini, the Government of Haryana and our partner, DCRUST, for their support in making this Regional Competence Development Centre a reality. At Eicher, we believe the future of the commercial vehicle industry will be shaped as much by skilled people as by advanced technologies. Through this collaboration, we are creating a strong foundation for future-ready talent and contributing to a resilient mobility ecosystem.”

Sumit Dewan, Senior Vice-President, VE Commercial Vehicles, said, "Through our partnership with DCRUST, we are creating a platform that enables students, faculty and dealership professionals to gain hands-on exposure to advanced commercial vehicle technologies and evolving industry practices. Students from the centre will have the opportunity to serve in their communities through Eicher’s nationwide network of dealerships across Delhi-NCR, Haryana and Western Uttar Pradesh. The centre will strengthen technical capability across our service network, enhancing customer experience through improved vehicle uptime and operational efficiency.”

The curriculum covers areas including electric vehicles, mechatronics, powertrains, automated transmissions, vehicle electronics, diagnostics, telematics, emission control systems, driver assistance systems and alternative fuels such as CNG and LNG.

The Murthal facility will support the training needs of nearly 50 dealerships across Delhi-NCR, Haryana and Western Uttar Pradesh. Approximately 150 engineering students from DCRUST will use the facility annually, while the mobile training initiative is expected to reach 600 students per year across technical institutions in the region.

Comments (0)

ADD COMMENT

Link Copied!

Daimler India Commercial Vehicles (DICV), the wholly-owned subsidiary of Daimler Truck AG and manufacturer of BharatBenz trucks and buses, has inked a non-binding Memorandum of Understanding (MoU) with the Government of Tamil Nadu at the Tamil Nadu Investment Conclave.

As per the understanding, Daimler India Commercial Vehicles plans to invest INR 40 billion to further strengthen its business in India. Once finalised, the total investment by DICV in the country will exceed INR 145 billion and create an additional 400 jobs, since it started operations in 2012.

Till date, the company has sold over 220,000 trucks and buses in the country, which find applications across freight movement, construction, mining, logistics and passenger mobility.

The company's primary manufacturing and R&D footprint consists of a 400-acre plant in Oragadam near Chennai, employing over 4,000 staff and utilising a network of more than 400 local suppliers that account for 92 percent of product value localisation. The brand's nationwide distribution and service setup comprises over 420 dealer touchpoints, complemented by a Parts Logistics Centre in Pune.

In addition to serving domestic requirements, DICV functions as an export hub within Daimler Truck's international network. The Chennai facility has exported over 75,000 commercial vehicles and 330 million parts to more than 70 markets, alongside supplying transmissions to Daimler Truck manufacturing locations in Germany.

Torsten Schmidt, Managing Director & CEO, Daimler India Commercial Vehicles, said, "BharatBenz was built for India, and this investment reflects our confidence in the next phase of the country’s commercial vehicle growth. As infrastructure, logistics, mining, construction and passenger mobility continue to expand, Indian customers need trucks and buses that deliver higher uptime, safety, reliability and operating efficiency. Through BharatBenz, we are strengthening products, localization, service readiness and parts availability for India, while also reinforcing the country’s role as an important manufacturing and supply base within Daimler Truck’s global network."

Comments (0)

ADD COMMENT

Link Copied!

Ashok Leyland, the commercial vehicle manufacturer and flagship company of the Hinduja Group, has signed a Memorandum of Understanding with Drivn, a financing and leasing provider for electric commercial vehicles. The agreement aims to offer financial solutions to customers purchasing Ashok Leyland electric vehicles.

The agreement was signed by Niruban M, Head of Alternate Energy at Ashok Leyland and Alpna Jain, CBO and Co-Founder of Drivn.

As per the understanding, Drivn will supply end-to-end financial solutions, including financing, leasing, and fleet ownership structures. The initiative seeks to lower initial capital expenditure for buyers and support the adoption of electric commercial vehicles across business sectors.

Sudip Dhali, Head of Marketing at Ashok Leyland, stated: “Ashok Leyland is delighted to partner with Drivn to offer attractive and accessible financing solutions to our EV customers. This strategic partnership will further strengthen our market presence by making our innovative range of electric commercial vehicles more accessible to businesses across the country. Backed by cutting-edge technology and delivering an industry-leading total cost of ownership, our products are designed to maximize customer profitability. We remain committed to providing best-in-class mobility solutions and an exceptional ownership experience for our customers.”

Alpna Jain added, “We are pleased to partner with Ashok Leyland to offer seamless electric vehicle financing solutions. This collaboration reinforces our commitment to supporting businesses with accessible, tailored financial solutions that simplify vehicle ownership and enable growth. We aim to make electric commercial vehicle ownership simpler, more accessible, and more rewarding for our customers.”

Ashok Leyland continues to expand its portfolio of electric trucks and buses, targeting zero-emission commercial mobility within the Indian market.

Comments (0)

ADD COMMENT

Link Copied!