Shriram City hits one-crore milestone in two-wheeler financing
The Hindu
Shriram City Union Finance said it has crossed the milestone of financing one crore two-wheelers.“The one crore two-wheelers financed milestone coincides with the 2021 festive season. The festive chee
Shriram City Union Finance said it has crossed the milestone of financing one crore two-wheelers.
“The one crore two-wheelers financed milestone coincides with the 2021 festive season. The festive cheer, pent-up demand, and a good monsoon have aided rural demand,” Y.S. Chakravarti, MD & CEO said in a statement.
Shriram City, which entered the two-wheeler lending space in 2002, has a market share of 20% pan India. It took over 15 years to finance the first 50 lakh two-wheelers and the next 50 lakh customers in less than 4 years. As of September 2021, its AUM for two-wheelers stood at ₹6,750 crore.
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