Shalibhadra Finance Expands into Used Commercial Vehicle Financing

Shalibhadra Finance Limited, a retail-focused NBFC, has announced the launch of its Used Commercial Vehicle (UCV) Financing division. This expansion aims to serve the high-yield, underserved rural logistics market by offering financing for the purchase of pre-owned transport vehicles and refinancing of existing ones. The company plans to leverage its existing infrastructure, local market expertise, and collection network for efficient scaling. This move is expected to diversify its Asset Under Management (AUM) in line with its risk management policy. Shalibhadra Finance currently manages over ₹220+ crores in AUM and serves over 1 Lakh customers.