CHENNAI, India, August 3, 2022 /PRNewswire/ — Authorized Distributors of Ashok Leyland, Deluxe Trucks and Buses in Kenya have signed a partnership with the Kenya Commercial Bank to jointly promote the Ashok Leyland vehicle brand. The Kenya Commercial Bank (KCB) is one of the largest financial institutions 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 allow customers to enjoy up to 95% financing with an extended repayment period of 72 months as well as a comfortable payment holiday of 60 days.

In addition, customers will be privileged to access an integrated monitoring and insurance package and access unsecured working capital of up to KES 3 million among other banking products available at the bank.

Also supported are KCB SAHL Banking customers who under the Sharia compliant banking model will be able to purchase trucks from Deluxe Trucks & Buses at affordable prices.

Mr. Almond SinghHead of International Operations for Ashok Leyland expressed pleasure in tying it and noted that, “Ashok Leyland Trucks and Buses has a broad, future-ready portfolio in commercial vehicle categories ranging from 2.55 ton GVW to 55 ton GVW and buses suitable for all applications. The Ashok Leyland range of vehicles offers best-in-class mileage in all of these categories. This partnership with KCB will provide customers with financing options to purchase Ashok Leyland commercial vehicles on the best terms in the industry. »

Speaking at the event, KCB Bank Director of Corporate Banking, Esther Waititu said“We are delighted to partner with Deluxe Trucks & Bus, for the financing of Ashok Leyland products. It’s a reflection of our commitment to helping our key customers leverage their long-standing loyalty.”

On his side, luxury trucks & The Managing Director of Buses EA, Mr. Ameet Shroff said“The partnership is targeting individuals, small and medium businesses and large commercial enterprises for flexible financing of up to 95% of the cost of the vehicle. Providing customer uptime is our primary goal and we will ensure that our customers are continuously served with complete satisfaction.”

luxury trucks & Buses EA Ltd, which is 100% owned by Simba Corp, has been appointed as the sole authorized distributor of the full range of Ashok Leyland branded trucks and buses. The vehicles are assembled locally at Associated Vehicle Assemblers (AVA), which is also owned by Simba Corp. The company recently opened a modern sales and service equipment center at the Xylon Complex, located along ICD Road, Off Mombasa Road, Nairobi, as part of a move that will ensure customers have access to specialist services after purchase, given the growing demand for vehicles used by SMEs and MSMEs. The current Deluxe Trucks and Buses network includes dealerships in NairobiNakuru, Mombasa and Thika, and plans to appoint dealers in other major cities across the country.

About Ashok Leyland

Based at Chennaiand a footprint that spans 50 countries, Ashok Leyland, flagship of the Hinduja Group, is one of the largest commercial vehicle manufacturers in Indiathe 4th largest bus manufacturer in the world and the 19th largest truck manufacturer.

Website: www.ashokleyland.com, email us [email protected]

About KCB Bank Kenya Ltd

KCB Bank Kenya Limited is one of the largest commercial banks in the country. A subsidiary of KCB Group Plc, the Bank has one of the largest branch networks, with over 200 branches, 367 ATMs and 16,000 agents offering 24/7 banking services in East Africa. This is complemented by mobile banking and internet banking with 24 hour contact center services for our customers to get in touch with the Bank. KCB Group Plc – which is also present in Uganda, Tanzania, south sudan, Burundi, Rwandaand a representative office in Ethiopia also boasts of an extensive network of correspondent relationships totaling over 200 banks across the globe and our clients are assured of seamless facilitation of their international trade requirements wherever they are.

For more information, please contact Rosalinde Gichuru, Group Director Marketing Corporate Affairs and Citizenship; E-mail: [email protected]

About Luxury Engines

Deluxe Trucks & Buses EA Ltd is the official authorized Ashok Leyland distributor in the Kenyan market for the full range of Ashok Leyland Trucks and buses. Deluxe Trucks & Buses EA Ltd is located at Xylon Complex, ICD Road, off Mombasa Road, Nairobi.

For more details, please send an email to: [email protected]Call: 0703 046 777 or visit our website at www.deluxetrucks.co.ke.

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SOURCEAshok Leyland Limited

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