Ashok Leyland Ltd. — Capital/Financing Update 2019

Nov 25, 2019

November 25,2019

National Stock Exchange of lndia Limited Exchange Plaza C-1, Block G, Bandra Kurla Complex Bandra (E), Mumbai - 400 051

Scrip Code: ASHOKLEY

Through: NEAPS

BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai - 400 001

Stock Symbol: 500477

Through: BSE Listing Centre

Dear Sirs,

Sub: Regulation 30 (Disclosure of events or information) -Securities and Exchange Boaru of lndia (Listing Obligations and Disclosure Requiremenfs) Regulations, 2015 - Press Release

Please find attached a copy of the communication being released to the Press on signing of Memorandum of Understanding (MoU) with lClCl Bank to enter into a strategic financing partnership for two years to offer customised financial solution to customers across lndia with focus on semi-urban and rural geographies.

Yours faithfully, for ASHOK LEYLAND LIMITED

N Ramanathan ' Company Secretary

Encl : a/a

ASHOK LNLAPJD LIMITED

egstered &corporate omca: ~0.1, sardrr patel mad, ~ulndy, Chcnnri - 600032, lndls I T : +9i 44 2220 6000 1 F: +9i 44 2220 60 CIN - L34101TN1948PLC000105 I www.~shoklayland.oorn - - - -- - - - --

Ashok Leyland partners with lClCl Bank

25th November 2019, Mumbai, Maharashtra: Ashok Leyland, flagship of the Hinduja Group, the second largest commercial vehicle manufacturers in lndia with their complete range of 856 ready vehicles, signed a Memorandum of Understanding (MoU), with lClCl Bank to enter into a strategic financing partnership for two years. This MoU will enable both Ashok Leyland and lClCl Bank to offer customised financial solution to customers across lndia with focus on semi-urban and rural geographies.

With this MoU, lClCl Bank will be a preferred financier for providing finance to the customers buying Ashok Leyland vehicles. The Bank will work in close coordination with the authorised dealers of Ashok Leyland to provide financial solutions to the customers.

Customers will be benefitted with preferred product and financial solutions from both the organisations. , -.!The joint initiative will enable both the organisations toeffectively leverage the combined strengths of , ;, ?;...;\I Ashok Leyland's best-in-class products and lClCl Bank's significant distribution reach in lndia.

Commenting on the partnership, Mr. Anuj Kathuria, Chief Operating Officer, Ashok Leyland said, "Ashok Leyland is delighted to partner with lClCl Bank to offer customised financial solutions to its customers. With a pan-India presence, both organisations can leverage their strengths for the mutual benefit of the customers. Ashok Leyland products come with differentiated technology that offer our customers best-inclass total cost of ownership, thereby providing profitability to their business. Ashok Leyland has embraced future-ready technology to offer digital platforms and services that are ahead of the curve, thereby Living by its brand promise of 'Aapki Jeet. Hamari Jeet"'.

Speaking on the partnership, Mr. Ravi Narayanan, Head - Secured Assets, lClCl Bank said, "We are delighted to join hands with Ashok Leyland to become their preferred financier. In order to give more impetus to the commercial vehicle sector, we bring forth customised, technology Led and speedy credit and other financial solutions to the fleet owners of trucks and buses and assist them in the growth of their business. With this partnership, we will also offer the whole gamut of our banking products and services to the customers of Ashok Leyland and its dealers."

For further informationlmedia queries, contact: Rajesh Mani, Head - Marketing and Corporate Communications Raiesh.Mani@ashoklevland.com 1 Mobile: +91 9500022922 Meenakshi Anand, Divisional Manager - Corporate Communication

Meenakshi.anand@ashoklevland.com I Mobile: +91 9444276464

ASHOK LEYLAND LIMITED

Registered & Corporate Office: No.1, Sardar Patel Road, Gulndy, Chennal - 600032. lndla 1 T: +9144 2220 6000 1F : t91 M 2220 6001 1 www.ashokleyland.com