ADVERTISEMENT
Lenders Bet On Financing Used Vehicles Amid Auto Slowdown
Even as Indians are buying fewer brand-new cars, scooters and trucks, sales of used vehicles continue to grow.
18 Sep 2019, 07:34 AM IST
Even as Indians are buying fewer brand-new cars, scooters and trucks, sales of used vehicles continue to grow. And easy availability of finance is primarily behind the surge.Non-bank lenders are increasingly financing such purchases, drawn by better yields and entry of organised sellers. For most non-bank financial companies that provide such funding, their used vehicle loan book grew more than the overall advances in the quarter end...
I’m already a Subscriber Sign In
To continue reading this story
Subscribe to unlock & enjoy all Members-only benefits
Choose a plan
Renews automatically. Cancel anytime.
As a Subscriber you get
Full Access to
NDTV Profit App
Exclusives
Premium Stories
Access to
Stories
Curated
Newsletters
20,000+
Research Reports
Priority Pass
to Special Events
Ad-Free
Experience
Members-Only
Rewards
Still Not convinced ? Know More
Get live Stock market updates, Business news, Today’s latest news, Trending stories, and Videos on NDTV Profit.
ADVERTISEMENT