OREANDA-NEWS. Ashok Leyland Ltd., flagship of the Hinduja Group, and Bank of Maharashtra signed an MOU (Memorandum of Understanding) whereby Bank of Maharashtra will extend retail financing to customers of Ashok Leyland's commercial vehicles. With this tie-up, Ashok Leyland will have access to 1700 branches of Bank of Maharashtra and will be able to provide more efficient and effective service to its customers.

The MOU was signed by Mr. Phillip D'Silva, General Manager - Credit Priority and Mr. K. Ram Kumar, Vice President - Finance, Ashok Leyland Ltd.

"This tie-up will help our customers get greater access to finance, especially in the West and South India, given Bank of Maharashtra's extensive network and reach" said Mr. Gopal Mahadevan, Chief Financial Officer, Ashok Leyland Ltd.