Finance
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Kurama’s EchoNBFC vehicle loans to soar to Rs 11 trillion by FY27 Believe
Hey, listen up! The NBFC vehicle-loan AUM in India is set to skyrocket by 16-17% each year, hitting a whopping Rs 11 trillion by March 31, 2027! Used vehicle loans are gonna zoom ahead because they’re cheaper and smarter. Cars and utility vehicles are revving up, while rural demand is giving a boost to two and three-wheelers. Believe it!
few days ago | Anupreksha Jain
Quick rundown
1.Vehicle loan AUM of NBFCs expected to reach Rs 11 trillion by 2027.
2.Used vehicle loans are growing faster than new vehicle loans.
3.Macroeconomic trends and policy measures support vehicle finance growth.
4.Cars and utility vehicles financing to grow at 23% annually.
5.Healthy monsoon boosts two/three-wheeler and tractor loan growth.
