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Japanese automakers vroom towards Shriram Finance after MUFG investment
BusinessLine· 2026-01-30 05:41
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 ...