Japanese automakers vroom towards Shriram Finance after MUFG investment

Japan’s ​Mitsubishi UFJ Financial Group has seen a surge in interest ‌from Japanese automakers hoping to tap its 20% stake in ​Indian non-bank lender Shriram Finance to boost sales in the fast-growing Indian market, an MUFG executive said.India has become a major investment focus for MUFG — Japan’s largest banking group — and for clients such as Toyota, with business generated through the Shriram investment potentially lifting profitability across the group, Yasushi Itagaki, head of MUFG’s global operations ...