Ashok Leyland Signed an MoU with South Indian Bank For Dealer Financing

Current Context: Ashok Leyland has indeed signed a Memorandum of Understanding (MoU) with South Indian Bank for dealer financing on 18th April 2024 in Chennai.

• This partnership aims to provide competitive dealer finance options to the dealers of Ashok Leyland Limited.
• Gopal Mahadevan, Director and Chief Financial Officer of Ashok Leyland Limited, expressed his pleasure about the partnership, stating that it will offer appropriate inventory financing solutions to their network of dealers.
• Biji S S, Senior General Manager & Group Business Head of South Indian Bank, also expressed his happiness about the partnership and mentioned that their goal is to offer convenient and complete financing choices to the dealers .
• Both organizations believe that this partnership will meet their business needs and create a strong positive impact.

Question:

Q.1 What is the aim of the partnership between Ashok Leyland and South Indian Bank?
a. To provide competitive dealer finance options to the dealers of Ashok Leyland Limited
b. To provide home loans to the employees of Ashok Leyland Limited
c. To provide personal loans to the customers of South Indian Bank
d. To provide car loans to the customers of Ashok Leyland Limited