Ashok Leyland, Kenya Commercial Bank partners for flexible financing options

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Ashok Leyland’s authorized distributors, Deluxe Trucks and Buses in Kenya, have signed a partnership with the Kenya Commercial Bank to jointly promote the Ashok Leyland brand in the country. The Kenya Commercial Bank (KCB) is a key financial institution in the region offering a range of services.

Ashok Leyland customers will now be able to access flexible financing options under an agreement with Kenya Commercial Bank. The partnership will provide customers with up to 95% financing with an extended repayment period of 72 months as well as a 60-day payment holiday.

In addition, customers will be able to access an integrated tracking and insurance package and access unsecured working capital of up to KES 3 million (Rs 20,04,947) among other banking products available at the bank.

Additionally, customers of KCB SAHL Banking, under the Shariah-compliant banking model, will also be able to purchase trucks from Deluxe Trucks and Buses at affordable rates.

Ameet Shroff, Managing Director of Deluxe Trucks and Buses, said: “The partnership targets individuals, small and medium-sized businesses and large commercial enterprises for flexible financing of up to 95% of vehicle cost. Providing customer availability is our main goal and we will ensure that our customers are continuously served with complete satisfaction.

Deluxe Trucks and Buses, 100% owned by Simba Corp, has been appointed the sole authorized distributor for the full line of Ashok Leyland truck and bus brands. The vehicles are assembled locally at Associated Vehicle Assemblers (AVA), which is also owned by Simba Corp.

The company recently opened a sales and service equipment center at the Xylon Complex, located along ICD Road, Off Mombasa Road, Nairobi, with the aim of ensuring customers have access to specialist aftermarket services. purchase, given the growing demand for vehicles used by SMEs and MSMEs. The current Deluxe Trucks and Buses network includes dealerships in Nairobi, Nakuru, Mombasa and Thika. He plans to appoint dealers in other major cities across the country.

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