PRESS RELEASE

Shriram City Union Finance Launches Express Two-Wheeler Loans

Chennai, September 07, 2021: Shriram City Union Finance Ltd. (Shriram City), India’s largest two-wheeler financer (number of 2W financed) and part of the Shriram Group, has launched an AI-enabled lending platform - Express Two-wheeler Loans (E2L). The platform will allow instant loan approval of up to 100 percent on-road price of the two-wheelers.

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Shriram City Union Finance’ Assets Under Management Rose to INR 29,600 Cr, PAT higher 8.2% at INR 208 Cr in Q1FY22

Chennai, July 29, 2021: Shriram City Union Finance Ltd. (Shriram City), a Chennai-based leading Non-Banking Financial Company, part of the Shriram Group announced the financial results for Q1FY22 today. Assets Under Management (AUM) rose by 4% YoY to INR 29,599 Cr, the highest levels since Sep-19. Disbursements were higher at INR 4,560 Cr, up 244% YoY on a low base, but 30.6% lower sequentially. Profit After Tax rose by 8.2% YoY to INR 208 Cr in Q1FY22 compared to INR 192 Cr last year.

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Mr. Y.S.Chakravarti, MD & CEO, Shriram City Union Finance - Zee Biz

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NEWS

EV disruption in 2-wheeler space will not impact our market leadership

Driven by powerful environmental, macroeconomic and technological factors, the transportation sector is in a period of historic transition. Shriram City Union Finance (Shriram City), India's largest 2-wheeler financer

The Hans India, 19th September 2021

Shriram City looks to disburse up to Rs 23,000 cr in FY22

Mumbai, Aug 30 (PTI) Chennai-based non-banking finance company Shriram City Union Finance (Shriram City) is eyeing total disbursements of Rs 22,000-23,000 crore in the current financial year, a top company official said

Non-bank lenders eye electric vehicle financing to grow business

Non-bank lenders are eyeing the electric two-wheeler space to grow disbursements. Shriram City Union Finance NSE 0.12 % is tying up with Ola Electric which recently unveiled electric scooters ranging upwards of Rs 1 lakh.

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Diana Monteiro

DVP - Corporate Communications, Shriram Group.

  • Email:
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