Book:Banks of India

India Car Loan Market: Analysis and Outlook to 2025 with the Potential Impact of COVID-19 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, June 23, 2020

As a result, major automakers are setting up their production plants and focusing on launching new vehicles in the country, subsequently, driving the car loan market in India.

Key Points: 
  • As a result, major automakers are setting up their production plants and focusing on launching new vehicles in the country, subsequently, driving the car loan market in India.
  • The Indian Car Loan Market can be segmented based on the type, car type, source, percentage of amount sanctioned, type of city, tenure and region.
  • Major companies offering loans for the purchase of car in India are categorized into banks, OEM or non-banking financial company (NBFC).
  • Some of the banks providing car loan include State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, etc.