Comments
Shriram City Union Finance on Thursday said it has clocked its highest ever two-wheeler loan disbursals at over ₹1,000 crore in November on the back of festive demand.
The company financed over 1.66 lakh two-wheeler loans in November 2020, it said in a release.
This represents disbursements of slightly over ₹1,000 crore. This is a new high for the lender, Shriram City Union Finance said.
Shriram City had also financed over 1 lakh two-wheelers in October 2020, and counts among the largest such financiers in the country by volume, it added.
“The festival months have generally always seen Shriram City scale up its two-wheeler financing business, but this year’s performance has been particularly pleasing as it comes on the back of a prolonged lockdown.
“After having financed over 1 lakh vehicles in October, our teams did even better in November, and we funded almost 1.67 lakh two wheelers in the month,” the company’s MD and CEO Y S Chakravarti said. The company financed 10.41 per cent of the number of two-wheelers sold in the country in the month, he added.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.