Manba Finance Limited has announced two strategic partnerships aimed at accelerating its electric vehicle (EV) financing business and expanding its presence in underserved rural and semi-urban markets. The company has joined hands with AMU Leasing Pvt Ltd and BRMPL Leasing & Finance Pvt Ltd, which operates under the SHFIN brand, to strengthen its lending ecosystem and drive long-term growth. The announcement highlights the company’s focus on sustainable mobility, financial inclusion, and deeper market penetration across key regions of India. As part of this expansion strategy, Manba Partners with AMU to enhance financing opportunities in the rapidly growing commercial EV segment.
Manba Finance Partners with AMU to Accelerate Electric Vehicle Financing
The partnership under which Manba Finance Partners with AMU Leasing Pvt. Ltd. will primarily focus on financing electric three-wheelers (E3Ws) and other commercial electric vehicles across Uttar Pradesh and Madhya Pradesh. These regions are witnessing increasing demand for clean mobility solutions, creating significant opportunities for EV financing.
Through this collaboration, Manba Finance aims to simplify the loan approval process, ensure faster disbursement of funds, and improve access to credit for driver-owners, micro, small, and medium enterprises (MSMEs), and first-time borrowers. The initiative is expected to support the adoption of electric mobility while creating economic opportunities for small business owners.
SHFIN Alliance Targets Rural and Semi-Urban Markets
Alongside the EV-focused initiative, Manba Finance has partnered with SHFIN to expand two-wheeler financing operations in Maharashtra’s Vidarbha region. The collaboration will leverage technology-driven financial products to increase credit penetration in rural and semi-urban communities.
This partnership is expected to provide easier access to financing for customers who traditionally face challenges in obtaining formal credit. By strengthening its rural lending operations, the company aims to build a more inclusive lending ecosystem.
Strategic Benefits and Growth Potential
Industry analysts believe the move could significantly contribute to Manba Finance’s asset under management (AUM) growth. As Manba Finance Partners with AMU and SHFIN, the company gains access to high-demand market segments with strong growth potential.
The EV financing segment, particularly electric three-wheelers, offers higher-yielding assets compared to conventional lending portfolios. Additionally, regional partnerships help reduce lending risks by utilizing local market expertise and underwriting capabilities, potentially maintaining lower Gross Non-Performing Asset (GNPA) levels.
Market experts estimate that as Manba Finance Partners with AMU and expands its EV portfolio, the company could achieve 15% to 20% growth in EV-related AUM over the medium term.
Management Emphasises Financial Inclusion and Sustainable Mobility
Commenting on the development, Managing Director Manish Shah stated that the partnerships align with the company’s vision of creating a future-ready lending platform. He emphasised that the collaborations support both sustainable mobility and deeper rural market penetration.
The company believes that as Manba Finance Partners with AMU and SHFIN, it will be better positioned to deliver technology-driven financial solutions to regions where formal financing penetration remains relatively low.
Share Price Reaction
Despite the strategic announcement, Manba Finance shares experienced volatility during morning trade. As of 11:43 AM IST on June 8, 2026, the stock was trading at ₹117.20 on the National Stock Exchange (NSE), down 1.08% or ₹1.28 from its previous close.
Investors appeared cautious as they assessed the near-term operational costs associated with the expansion plans against the company’s long-term growth opportunities in EV financing and rural lending.
Outlook
The dual-partnership strategy marks an important step for Manba Finance as it seeks to strengthen its presence in India’s evolving mobility and rural credit landscape. With growing demand for electric vehicles and increasing financial inclusion initiatives, the company’s collaborations with AMU Leasing and SHFIN could play a crucial role in driving future growth and expanding its customer base across key markets.
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