Ashok Leyland
Ashok Leyland, flagship of the Hinduja Group, has signed a Memorandum of Understanding (MoU) with Federal Bank to enter into a strategic financing partnership. Under it, Federal Bank will be able to provide end-to-end financial solutions to the customers of Ashok Leyland. The Bank will work towards catering to the customers' needs through auto loans with easy monthly repayment plans best suited for the customers. The bank will leverage technology for enhancing customer experience.

Gopal Mahadevan, Whole Time Director and CFO, Ashok Leyland, said, "This association will help Ashok Leyland gain an edge in the market. Ashok Leyland products come with differentiated technology that offers our customers best-in-class total cost of ownership, thereby providing profitability to their business. Ashok Leyland has embraced future-ready technology to offer digital platforms and services that are ahead of the curve, thereby living by its brand promise of Aapki Jeet. Hamari Jeet."

Harsh Dugar, Group President, Federal Bank, informed that funding to commercial vehicles in the bank is offered through dedicated RMs and wide network of branches. "We always try to offer customized solutions to the end-user along with attractive commercials combined with better TAT matching the industry standards. With this partnership, we will be able to offer our financial solutions by leveraging the bank's extensive physical and digital reach to the customers of Ashok Leyland and its dealers."
Ingka Centres, part of the Ingka Group, which also includes IKEA Retail and Ingka Investments, will invest around ₹3,500 crore amounting to €400

Read more ...

The Central government has approved ₹3,900 crore for building rail, road and allied infrastructure projects in Uttar Pradesh and Uttarakhand

Read more ...

The Inland Water Transport (IWT) department has signed an MoU with the World Bank for a ₹770 crore loan to improve river transportation

Read more ...

The Centre has initiated the process of creating the National Interlinking of Rivers Authority (NIRA), an independent autonomous body

Read more ...

ICRA Ratings reiterated that the outlook for the Indian Road logistics sector continues to remain stable, supported by improved economic recovery in Q2 FY2022, increased pace of vaccination, and decline in fresh Covid-19 cases from

Read more ...

Urban logistics spaces in India are expected to exceed 7 million sq. ft by 2022, as demand surges, according to JLL report 'India Urban Logistics - Are dark stores revolutionizing the sector?' The urban logistics industry in India

Read more ...

According to the Joint Secretary and Mission Director, Ministry of Housing and Urban Affairs, Kunal Kumar, India needs around USD 700 billion

Read more ...

The Greater Noida Industrial Development Authority (GNIDA) has launched an industrial plot scheme offering 91 plots ranging from 450 square

Read more ...

Adding to its project portfolio in the Buildings & Factories (B&F) segment, the construction wing of the Larsen and Toubro, has secured a prestigious

Read more ...

The Mumbai Metropolitan Region Development Authority has targeted to invest ₹5.01 lakh crore in the Mumbai Metropolitan Region on the

Read more ...

The Central Government and the Asian Development Bank (ADB) has signed a $251 million loan for climate-resilient, integrated urban flood protection

Read more ...

Patel Engineering Ltd. has witnessed a significant improvement in its overall performance due to a healthy order book position and opening up of

Read more ...

To develop the Narela sub-city in north Delhi on the lines of Dwarka sub-city, the Delhi Development Authority is building two new sectors for

Read more ...

Jharkhand Government has decided to build a new industrial corridor spread over 500 acres along a 311 km long highway connecting Govindpur to

Read more ...

SP E&C is taking conscious steps towards reducing air pollution and minimizing the impact of construction activities on the environment, informs Alok

Read more ...

Deep Foundations Institute of India (DFII) is affiliated with the Deep Foundations Institute (DFI), a US-based international non-profit organization established

Read more ...

Launching of an “Atmanirbhar Bharat’, Premier Video Security Brand; Technology for boosting movement in FASTag lane; Automatic Raised Rib Marking

Read more ...

The National Bank for Agriculture and Rural Development (Nabard) has sanctioned ₹608 crore for different infrastructure projects in rural areas

Read more ...

The Aditya Birla Group has planned to set up a paint unit in West Bengal at ₹1,000 crore investment which will be commissioned in the next

Read more ...

Gulf Islamic Investment (GII), a leading UAE-based Sharia-compliant financial services firm, has committed to invest ₹3,500 crore in India and will open

Read more ...

×
Sign-up for Free Subscription
'India Construction Week'
Weekly e-Newsletter on Construction Industry
Get the latest news, product launches, projects announced / awarded, government policies, investments, and expert views.