Vehicle loan book to cross Rs 8L cr

Mumbai: Vehicle loan books of Non-Banking Financial Companies (NBFCs) are poised to jump to Rs 8.1 lakh crore by March 2025 from Rs 5.9 lakh crore in March 2023, according to a report.

The growth will be driven by rising demand of commercial vehicles, cars, utility vehicles, and two-/three-wheelers, accompanied by government focus on infra spending, Crisil Ratings said in a note. Higher loan sales amid better repayments will lead to improved asset quality, the report added.