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The town of Shriram has passed the milestone of the highest loan disbursement on record. In November 2021, the company disbursed loans in the amount of Rs 1,022 crore to 1.6 lakhs two-wheeler owners in the country.

Shriram City Union Finance Limited, part of the Shriram Group, is the largest two-wheeler financier in India (based on the number of two-wheelers financed). This The Chennai-based NBFC two-wheeler (Non-bank financial corporation) recently announced that the company had disbursed the highest loans ever made last month. In November 2021, the city of Shriram disbursed loans amounting to Rs 1,022 crore to 1.6 lakhs to two-wheeler owners in the country.

According to the company, this is the second month in a row that Shriram City has successfully broken the Rs 1,000 crore mark in India. The company says its “attractive financing offers during the holiday season have emerged as a major driver, with additional push from increased movement of people and resumption in rural demand resulting in cash disbursements. students”.

In addition, with the growing demand for electric vehicles (EVs) in the Indian market, the NBFC expects an increase in the average size of loan tickets, which will help it to take new steps. Now let’s talk about Shriram City is a few key milestones, they entered the two-wheeler lending space in 2002. Today, it is one of the most preferred two-wheeler finance companies in the country with a share of market of about 20 percent of all pan-India financed vehicles.

The company recently passed the milestone of financing one crore of two-wheelers in India. According to the company, it took them 15 years to fund the first 50 lakhs on two wheels while the next 50 lakhs were added in less than 4 years. Currently, Uttar Pradesh, Tamil Nadu, Maharashtra, Andhra Pradesh and Madhya Pradesh are the main contributing states to the two-wheeler fundraising activities of Shriram City, closely followed by North India.

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