Ashok Leyland has signed an initial agreement with Tamilnad Mercantile Bank (TMB) to offer customised vehicle financing solutions to its customers, aiming to facilitate access to finance for commercial vehicle purchases.

TMB operates a network of more than 600 branches, with a strong presence in rural and semi-urban markets. The bank also has established relationships with micro, small and medium enterprises (MSMEs), traders and agricultural customers, particularly across Tamil Nadu and other southern Indian markets.

The partnership is expected to leverage the bank's regional reach and customer network to provide tailored financing options for Ashok Leyland's commercial vehicle buyers.