Auto sector loan portfolio grows two times since 2015
Rs 3.68L crore – was the gross loan portfolio of auto loans sector as of March 2018
Consistent increase of automotive sales and production in India have helped auto financing companies to register two times increase in their portfolio from March 2015 till March 2018, as per a report by CRIF High Mark Credit Bureau
7% – automotive industry contributed to the total GDP in FY2017
Rs 3.68L crore – was the gross loan portfolio of auto loans sector as of March 2018
16% – increase in the national average ticket size from March 2015 till March 2018
Rs 1.79L crore – car loans disbursed in FY2018, financing nearly 32 lakh vehicles
7.37 lakh – vehicles were financed in Q1FY19 versus 7.99 lakh in Q1FY18