Expect return of 18-20% AUM growth; upbeat on demand: Shriram Transport Fin

Umesh Revankar, MD, Shriram Transport Finance in an interview to CNBC-TV18 said the asset under management (AUM) growth has been around 18 percent and is expected to be around 18-20 percent for the next few quarters.

Moreover, if movement and demand of steel, cement goes up there will be more demand for higher tonnage vehicles, which again bodes well for the company, he said.

He said demand has been strong and is expected to grow with pick up in construction activity. As India continuous to grow there will be demand for more number of vehicles.

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The replacement demand is also expected to push demand further, he added.

The overload ban in Northern states has led to people moving to new vehicles with higher tonnage. The 37 tonners are very popular. The inter-state overloading movement is under control but intra-state movement is not so much under control.