Finance
Sock JohnsonNBFCs ka dhamaka: vehicle AUM 16 se 17 percent saal, Rs 11T
Hold onto your hats, folks! NBFCs are about to unleash a vehicle-loan AUM explosion, skyrocketing 16-17 percent annually to a jaw-dropping Rs 11 trillion by March 31, 2027. With used cars stealing the show and a booming GDP, it's a finance smackdown of epic proportions for cars, UVs, and more. Get ready for the ride of a lifetime!
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.
