• FY27 growth guidance: Following a ₹40,000 crore capital infusion from the MUFG transaction, the company raised its growth target to 15–18% (and potentially above 18%) for FY27, up from its earlier guidance of 12–15%.
• Commercial vehicle focus: The company plans to increase new commercial vehicle lending from 5–6% to 10–15% of new disbursements by retaining existing used-vehicle customers when they upgrade.
• Offshore borrowing expansion: Shriram Finance aims to leverage MUFG's tech advantage and global presence to tap Japanese and European investors, building on its offshore borrowing program that currently constitutes around 20% of liabilities.
• Geographic growth drivers: Lending growth across heavy and light commercial vehicles continues to be driven primarily by deep penetration in semi-urban and rural markets rather than urban areas.