Commercial vehicle manufacturer Ashok Leyland has signed a Memorandum of Understanding (MoU) with electric vehicle financing and leasing provider Drivn to offer customised financial solutions to customers purchasing the company’s electric commercial vehicles.
The partnership will focus on financing, leasing and fleet ownership solutions aimed at reducing the upfront capital required to acquire electric trucks, a factor that can significantly influence the economics of fleet electrification.
The MoU was signed by Niruban M, Head-Alternate Energy at Ashok Leyland, and Alpna Jain, CBO & Co-founder of Drivn, in the presence of representatives from both companies.
Under the agreement, Drivn will provide end-to-end financial solutions for Ashok Leyland’s electric vehicle customers, including flexible financing structures, leasing options and repayment plans tailored to different business requirements.
The companies said the arrangement is intended to make electric truck ownership more accessible while providing fleet operators with greater financial and operational flexibility. In practical terms, the partnership seeks to address one of the less glamorous but highly consequential parts of the EV transition: paying for the vehicles.
Ashok Leyland said the financing programme would complement its growing electric commercial vehicle portfolio as businesses evaluate the operational and financial case for moving away from conventional powertrains.
Sudip Dhali, Head-Marketing, Ashok Leyland said, “Ashok Leyland is delighted to partner with Drivn to offer attractive and accessible financing solutions to our EV customers. This strategic partnership will further strengthen our market presence by making our innovative range of electric commercial vehicles more accessible to businesses across the country. Backed by cutting-edge technology and delivering an industry-leading total cost of ownership, our products are designed to maximize customer profitability. We remain committed to providing best-in-class mobility solutions and an exceptional ownership experience for our customers.”
For Drivn, the collaboration expands its role in financing electric commercial vehicles by linking its financial products with Ashok Leyland’s EV customer base.
Alpna Jain, CBO & Co-founder, Drivn said, “We are pleased to partner with Ashok Leyland to offer seamless electric vehicle financing solutions. This collaboration reinforces our commitment to supporting businesses with accessible, tailored financial solutions that simplify vehicle ownership and enable growth. We aim to make electric commercial vehicle ownership simpler, more accessible, and more rewarding for our customers.”
Ashok Leyland, the Indian flagship of the Hinduja Group, manufactures commercial vehicles including trucks and buses and has been expanding its presence in electric mobility through a portfolio of zero-emission commercial vehicles.
The latest agreement reflects a broader challenge facing the electrification of commercial transport: vehicle technology may be advancing rapidly, but adoption also depends on whether fleet operators can make the numbers work.
By pairing electric commercial vehicles with financing and leasing options designed around fleet requirements, Ashok Leyland and Drivn are seeking to lower that financial barrier — an increasingly important piece of India’s transition towards cleaner and more efficient commercial transportation.
