Shriram Finance Limited — Updates, 20-12-2024: Press Release

Shriram Finance has consolidated its green finance initiatives under the new vertical, Shriram Green Finance, aimed at amplifying sustainable financing efforts. This vertical will focus on funding electric vehicles (EVs), battery charging stations, renewable energy products, and energy-efficient machinery. The company targets an Asset Under Management (AUM) of ₹5,000 crore within the next 3-4 years, leveraging its established customer base, particularly in semi-urban and rural regions, to foster environmentally responsible growth.

With the rapid expansion of India's EV market and ongoing advancements in renewable energy, Shriram Green Finance will initially focus on developing its EV portfolio in key regions such as Karnataka, Kerala, the National Capital Region (NCR), and Maharashtra. Partnerships with original equipment manufacturers (OEMs) are being sought to enhance financing accessibility for customers. This strategic move signifies Shriram Finance's commitment to aligning with global sustainability trends, presenting a positive outlook for stakeholders looking at sustainable investment avenues.