Shriram Finance’s CV Portfolio in Maharashtra Hits Rs 11205 Crore

By Jony Shekhawat | Published Date : November 24, 2025

Shriram Finance sees strong CV loan growth in Maharashtra as demand rises for truck, bus, mini truck, pickup and electric truck across transport and logistics.

Shriram Finance has reached a major point in Maharashtra as its commercial vehicle financing book touched ₹11,205 crore. Growing transport demand, rising logistics work, and steady rural business are pushing more people to buy trucks, buses, mini trucks, pickup and even electric truck models with support from the company’s loan network.

Strong Growth as Transport Activity Picks Up

Table Of Contents

1. Strong Growth as Transport Activity Picks Up

2. Infrastructure Works and Logistics Driving Demand

3. Festive Season and Industrial Corridors Add Extra Push

4. Plans to Expand Partnerships and Digital Credit

5. Large Network Helping Transporters Across India

6. Focus on Used Vehicles and Small Operators

Read More: Mahindra Targets 1.6X Expansion in Light Commercial Vehicle Segment by 2030

Shriram Finance has shared that its commercial vehicle (CV) financing portfolio in Maharashtra has now reached Rs 11,205 crore as of September 2025. The company is seeing good demand for trucks, buses, mini trucks, pickups and even electric trucks financing as businesses in the state are expanding their transport operations.

Across India, Shriram Finance now holds ₹1,28,140 crore in CV assets under management, showing how big its presence is in the transport lending market.

Infrastructure Works and Logistics Driving Demand

According to the company, most of this growth is attributed to the rising infrastructure work and logistics movement occurring across Maharashtra. Roads, industrial projects, and new warehouses have increased the need for commercial vehicles in almost every district.

Light commercial vehicles like mini trucks and pickup models are supporting last-mile delivery, mainly in Mumbai, Pune, Nashik and Nagpur. Heavy truck and bus demand is coming from long-route operators who are moving goods between cities and states. The company said that rural income flow also helped many small transporters buy used trucks or mini trucks to start earning.

Festive Season and Industrial Corridors Add Extra Push

Sudarshan Holla Balnad, Joint Managing Director and COO of Shriram Finance’s CV division, said that Maharashtra’s strong industrial base and growing logistics corridors have played a big role in this expansion.

He also added that the festive season offered extra freight movement, which increased the need for truck and pickup vehicles in retail and e-commerce deliveries. Because of this seasonal demand, many small operators took out financing for used vehicles to run short-term and long-term loads.

Plans to Expand Partnerships and Digital Credit

Shriram Finance now plans to expand its presence even more in Maharashtra. The company is working on building new partnerships with vehicle manufacturers and dealers so that customers can get easier access to loans when they buy either a new truck or a mini truck.

They are also improving their digital loan platforms to provide faster credit checks and quicker approval. Many small drivers and transporters prefer digital verification because it saves time and reduces paperwork.

The company aims to go deeper into semi-urban and rural markets where small fleet owners are looking for affordable finance options to run local cargo and passenger routes.

Large Network Helping Transporters Across India

Shriram Finance, started in 1979, is one of India’s biggest retail asset financing NBFCs. The company now manages assets worth over ₹2.81 trillion and has a huge network of 3,225 branches. With more than 78,000 employees, the company is currently serving close to 96.64 lakh customers.

This strong network helps them understand ground realities—like seasonal demand, festival freight, agriculture cycles, and rural business activity—which influence the buying of truck, bus and pickup vehicles.

Focus on Used Vehicles and Small Operators

Shriram Finance is mainly known for financing pre-owned commercial vehicles. Many small operators across Maharashtra depend on used truck or mini truck financing to start their livelihood.

Apart from CVs, the company also offers loans for two-wheelers, tractors, farm equipment, MSME needs, gold, personal finance, and working capital. But the commercial vehicle segment remains one of its strongest growth areas, especially now with rising interest in electric truck options for city deliveries.

Also Read: Aurora’s Autonomous Trucks Cover 1,200 Miles on Texas Roads

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Frequently Asked Questions Commercial Vehicles

Q1. What is the size of Shriram Finance’s CV portfolio in Maharashtra?

Ans. It has touched ₹11,205 crore as of September 2025, driven by solid demand for truck, bus, mini truck, pickup and electric truck financing.

Q2. What factors are pushing CV demand in the state?

Ans. Infrastructure development, logistics movement, rural income flow and festive freight activity are the key drivers.

Q3. Is electric truck financing growing in Maharashtra?

Ans. Yes, interest in electric truck options is rising, especially for city delivery and last-mile routes.

Q4. How will Shriram Finance expand its CV business further?

Ans. The company plans to add OEM partnerships, improve digital credit platforms, and reach deeper into semi-urban and rural areas.

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