Auto Sector Loan Portfolio Grows Two Times Since 2015

A 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
37% – growth in volume was registered by the auto finance sector from FY2013-14 to FY2017-18
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

Original Source: DNA Page No 03