India's Shriram Finance targets 50 bln rupees AUM for green lending vertical in 3-4 years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 20 2024
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Source: Reuters
Shriram Finance's Green Initiative: Shriram Finance has consolidated its green finance operations under Shriram Green Finance, aiming for assets under management of 50 billion rupees ($588 million) in the next three to four years, focusing on electric vehicles and renewable energy financing.
Growth in Electric Vehicle Financing: The company currently finances 7% of electric two-wheelers purchased through loans in India and plans to increase this share to 20% as the demand for electric vehicles rises, with EVs now accounting for 2% of India's annual car sales.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
