Mumbai, Aug. 10 -- Ashok Leyland, the commercial vehicle manufacturer and flagship company of the Hinduja Group, has signed a Memorandum of Understanding with Drivn, a financing and leasing provider for electric commercial vehicles. The agreement aims to offer financial solutions to customers purchasing Ashok Leyland electric vehicles.

The agreement was signed by Niruban M, Head of Alternate Energy at Ashok Leyland and Alpna Jain, CBO and Co-Founder of Drivn.

As per the understanding, Drivn will supply end-to-end financial solutions, including financing, leasing, and fleet ownership structures. The initiative seeks to lower initial capital expenditure for buyers and support the adoption of electric commercial vehicles across business se...