Economy positive, demand all across: Shriram Transport Finance V-C & MD

Good demand for used vehicles in rural market, says Umesh Revankar in interview

Vehicle financier Shriram Transport Finance Company (STFC) has its business growing as demand rises vehicles. Umesh Revankar, the company’s vice chairman and managing director, said loan growth for the consolidated entity, formed by STFC’s merger with Shriram City Union Finance (SCUF), will be around 15 per cent. Revankar told Shine Jacob the company is ready for the merger.

Here are edited excerpts from an interview.

How do you see the demand for commercial vehicle financing going ahead?

New vehicle sales are improving and at the same time we are also seeing good demand for used vehicles in the rural market.