Hinduja Group’s flagship company Ashok Leyland has signed a strategic partnership with Adani Capital to provide customised financial solutions to customers in the small and light commercial vehicle segment, the city-based company said on Thursday.

Ashok Leyland’s light commercial vehicle business has signed a memorandum of understanding with Adani Capital Pvt Ltd to enter into a strategic partnership for a range of LCVs.

“The MoU will enable Ashok Leyland and Adani Capital to provide customised financial solutions to their clients in the small commercial vehicle and light commercial vehicle segment,” the company statement said.

Ashok Leyland, Head-LCV, Rajat Gupta, said: “Ashok Leyland is delighted to partner with Adani Capital to provide its clients with bespoke financial solutions. The association will help Ashok Leyland gain an edge in the market”.

“Ashok Leyland’s LCV series features advanced innovations to provide customers with best-in-class mileage, comfort and carrying capacity. This lowers the total cost of ownership, providing more profit for their business,” he said.

Adani Capital would strive to meet customers’ needs with tailored commercial vehicle loans and simple monthly repayment plans. Adani Capital would strive to meet customers’ needs with tailored commercial vehicle loans and simple monthly repayment plans.

Saibaba Kelkar, head of business at Adani Capital, said: “In our company, commercial vehicles are financed through an extensive branch network. We have always strived to provide end-users with customised solutions, attractive advertising and faster turnaround times”.

“By leveraging the company’s extensive physical and digital reach, we will be able to provide Ashok Leyland’s customers and their dealers with a wide range of financial solutions,” he said.

The statement added that Ashok Leyland offers GVW solutions from 2 tons to 7.5 tons in the carrying section through its DOST, BADA DOST and PARTNER series, and 20-40 seats in the passenger section its MiTR series school and staff buses.