• MUFG equity stake: MUFG acquired a 20% equity stake amounting to ₹40,000 crore, helping Shriram Finance secure a AAA credit rating for the first time in 50 years and lowering its cost of funds.
• Demand and asset quality: Retail sentiment remains robust with around 20% vehicle sales growth in Q1 and healthy customer repayments, leaving the nationwide monsoon spread as the only potential variable for Q2.
• Loan growth outlook: Supported by fresh capital buffers and a 25% market share among individual vehicle operators, the company expects loan growth to accelerate to 17–18% compared to around 15% historically.
• MSME lending expansion: Shriram plans to grow its MSME portfolio by around 20% from its current 15% share of the loan book, aiming to capture a portion of the estimated ₹20–25 lakh crore in unmet credit demand.