Leyland's Distributor Deluxe Trucks & Buses Ties Up With Kenya Commercial Bank

Mobility Outlook Bureau
04 Aug 2022
09:15 AM
2 Min Read

The partnership will see customers enjoy up to 95% financing with an extended repayment period of 72 months and a comfortable 60-day payment holiday.

Robert Mburu, Head Asset Finance- KCB, Esther Waititu, Director Corporate Banking- KCB,  Ameet Shroff, MD, Deluxe Trucks & Buses and Balachandran R,  Regional Head East Africa, Ashok Leyland

Commercial vehicle maker Ashok Leyland announced that its authorised distributor, Deluxe Trucks and Buses in Kenya, has signed a partnership with Kenya Commercial Bank to jointly promote its vehicles. The partnership will see customers enjoy up to 95% financing with an extended repayment period of 72 months as well as a comfortable 60-day payment holiday.

Deluxe Trucks & Buses E.A, which is wholly owned by Simba Corp, was appointed the sole authorised distributor of the full range of Ashok Leyland brand of trucks and buses. The vehicles are locally assembled at Associated Vehicle Assemblers (AVA), which is also owned by Simba Corp. 

Kenya Commercial Bank (KCB) is one of the largest financial institutions in the region, offering an array of services. Ashok Leyland customers can now access flexible financing options in a deal from Kenya Commercial Bank. In addition, customers will have the privilege to access an embedded tracking and insurance package and access to unsecured working capital of up to KES3 million (about $25,147), among other bank products available at the bank. Also catered for are KCB SAHL Banking customers who, under the Shariah-compliant banking model, will be able to purchase trucks from Deluxe Trucks & Buses at affordable rates.

Amandeep Singh, Head, International Operations for Ashok Leyland, said, 'Ashok Leyland Trucks and Buses has a wide future ready portfolio in commercial vehicle categories ranging from 2.55 tonne GVW to 55 tonne GVW and buses suited for all applications. This partnership with KCB will enable customers to avail financing options to purchase Ashok Leyland commercial vehicles at industry best terms and conditions.'

Esther Waititu, Director of Corporate Banking, KCB Bank, said, 'We are delighted to partner with Deluxe Trucks & Buses, for financing Ashok Leyland products. It is a reflection of our commitment to supporting key customers to derive value from their long-standing loyalty.'

Ameet Shroff, Managing Director, Deluxe Trucks & Buses E.A, said, 'The partnership targets individuals, small-medium size companies, and large commercial businesses for flexible financing of up to 95% of the vehicle cost. Delivering uptime to customers is our key objective and we will ensure that our customers are continuously served with complete satisfaction.'

Deluxe Trucks & Buses E.A recently opened modern sales and service equipment centre at Xylon Complex, located along ICD Road, Off Mombasa Road, Nairobi, in a move that will ensure that customers get access to specialised services post-purchase, given the rising demand for vehicles used by SMEs and MSMEs. Its current network includes dealerships in Nairobi, Nakuru, Mombasa and Thika, and plans to appoint dealers in other major towns countrywide.

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