PNB Sign MoU With Mahindra Last Mile Mobility (Press Release) | V3Cars

Nov 28, 2025, 07:29 PM IST
By Jackson Kumar
0

Punjab National Bank have signed an MoU with Mahindra Last Mile Mobility to offer easier financing solutions for electric commercial vehicles. The partnership will help expand EV credit access through customised schemes and streamlined processing.

Here’s what Punjab National Bank have to say about the MoU signing:

Punjab National Bank (PNB), Nation’s leading public sector bank, has signed a Memorandum of Understanding (MoU) with Mahindra Last Mile Mobility Limited (MLMML), India’s No.1 electric commercial vehicle manufacturer to enable seamless financing options for sustainable connectivity.

The signing ceremony took place at New Delhi, in the presence of distinguished dignitaries. PNB was represented by Shri Ashok Chandra (MD&CEO), Shri Firoz Hasnain (CGM), along with senior executives from the Bank, while MLMML was led by Shri Sourabh Mishra (VP & Head, Front end operations) along with other senior officials.

Under the MoU, PNB will offer a suit of customised finance schemes, easy repayment schedules, streamlined credit processing and enhanced digital as well as in-person customer experience across all its branches.

Shri Ashok Chandra, MD&CEO, PNB, said:

“We are delighted to join hands with Mahindra Last Mile Mobility Limited to make eco-friendly transportation solutions more accessible. This partnership reflects our dedication to sustainable practices and customer-centric financial offerings. Together, we aim to simplify the purchase journey for customers and accelerate the adoption of electric vehicles in India.”

Smt. Suman Mishra, MD&CEO, MLMML, said:

“Our collaboration with PNB demonstrates our commitment to making advanced last mobility solutions accessible and affordable for all. Together, we aim to provide robust financial support to our valued customers thereby simplifying their purchasing journey.”

Also Read: 9 Features The 2026 Tata Sierra Gets Over Hyundai Creta

8 Features The 2026 Tata Sierra Gets Over Maruti Suzuki Victoris

Helpful Links:

Fuel Cost Calculator for Cars – Know your monthly fuel expense based on usage and mileage

Car On-Road Price Calculator – Convert ex-showroom to on-road price for any city

Sell Used Car Online – Enter your car and contact details to get an instant price estimate and book a free inspection with our partner network

ABOUT THE AUTHOR

Jackson Kumar

Jackson is drawn to SUVs with presence—big, bold, and impossible to ignore. From the Mahindra Thar to the Range Rover, he admires vehicles that speak strength and power, even if he’d rather avoid the chaos of driving.

Previous Next