Bajaj Auto Finance’s Post

Car loan another booming market. 3 out of 5 Indian's buy there new card on EMI (loan) and as we see last year is the golden year for automobile industry as it record highest amount of sale in last calender year 2023. As still car is an status symbol and most of pur society compare our success with which car we are driving and to single the sense of successpeople buying car's which they even can't afford through affordable EMI option. In our parent generation they usually go for an hatchback or small family car but today generation are more attracted toward SUVs (compact) which had an feeling. As buying a house for signaling success have a long path where is buying a car for signaling success is much more easy. Follow CashCream #finance #loan #lending #bank #nbfc #CashCream #carloan #homeloan #emi #bnpl

India's small town turn boomtowns for auto financing. A senior official from a South India-based NBFC stated that 75% of car buyers in Tier II and III cities opt for loans, highlighting that the aspiration for car ownership extends beyond metro areas. #cars #automobile #automobileindustry #carnews

India's car market is booming, and it's all thanks to the power of loans, says JATO Dynamics. This means more people, not just individuals but also companies buying in bulk, are getting new cars. JATO's research, even featured as the main story in Business Standard, explains why this is happening. According to Ravi Bhatia, the President of JATO Dynamics India, a few things are driving this boom: Cars are getting more expensive, but people's incomes are also going up, especially in the growing middle class. Loans help bridge the gap, making it possible for people to dream of owning fancier cars with more features. Getting a loan is easier now. Banks and lenders are offering good deals on interest rates and flexible ways to pay back the money. This opens up opportunities for more people to join in and upgrade to better cars. India's middle class is getting bigger, and they have more money to spend. Owning a car is seen as a sign of progress for them, and loans help make that dream come true. The overall economy is doing better. When people feel confident about the economy, they are more willing to spend on big things like cars. Bhatia highlights, "Auto loans are not just overcoming the hurdle of rising costs; they're enabling Indian customers to trade up and embrace feature-rich models." With good rates and flexible terms becoming common, lenders are pushing this trend even more. This surge in car buying doesn't just show that cars are more affordable now. It also reflects the fact that India is making more money and growing economically. People are using loans not just to buy any car but to get a better one that matches their dreams and lifestyle. This trend is important because it could lead to more demand for high-end cars and impact how car makers plan for the future. #cars #loans #economy #middleclass #Jatodynamics

Do you know series Do you know that average size of car loans in India has gone up by 56% in five years from ₹ 5.1 lakh to ₹ 8 lakh which shows that Indians are buying bigger cars See the chart/ graph below source : ToI statistics CRIF my comments : My personal experience/ observation says that Indians are buying more SUVs than mid segment sedans and that is why average car loans size has gone upto ₹ 8 lakh in 2024. what is your observation??

Complete Guide to Used Car Loans in Pune: Everything You Need to Know Pune is a bustling city that is home to many young professionals and students who require personal transportation. However, due to the high costs of new cars, many residents opt for second-hand vehicles. If you’re looking for a #used_car_loan_in_Pune, this guide has everything you need to know. Read more: https://lnkd.in/dme-36Vq #usedcarloan #carloaninpune #secondhandcarloan #2ndhandcarloan #usedcarfinance #preownedcar #linkedInpost

The luxury car financing market in India is surging as more Indians upgrade. Executives such as Santosh Iyer from Mercedes-Benz and Madan Sabnavis from Bank of Baroda, among others, comment on its growth. Read more at: https://ow.ly/7I0s50QA4nV #Luxury | #CarFinancing | #Market | #India | #Executives | #Growth | #Drivers

Passenger vehicle sales in India could be weighed down by increase in interest rates for auto loans, if there is no reduction in repo rates going forward as the industry gears up for a single-digit growth this year, according to Maruti Suzuki India Senior Executive Officer (Marketing and Sales) Shashank Srivastava.

You Can Buy Bajaj Auto At PRICE OF 9929.95 STOPLOSS:- 9896 TARGET 🎯 10114 #Chartpattern #Trading #Stockmarket #Chartanalysis #Futureandoptions #Tradingforlife #Jobfreelife #Profit #Analysis #NIFTY #BANKNIFTY #STRATEGY #BACKTEST #STOCKMARKETLEARNING

LIKE LUXURY CAR SALES IN INDIA, THE FINANCING MARKET FOR THE LUXURY CAR FINANCING IS HUGE Luxury car financing market surges as more Indians trade up #luxurylifestyle #luxurycars #India #financing #finance #market #Indian #trade #trading #carfinance #carfinancing #consumption #demand #huge #growth #fintech #opportunities #opportunity #growth #potential #auto #demand #automobiles #luxuryliving #luxuryautomobiles #financingmarket

Dreaming of owning your dream car? Let's make it happen with Namaco's CAR LOAN at an amazing 9% interest rate! Drive towards your bucket list goal with us. Start your journey to car ownership today! 🚗💫 #namco #namcobank #bankinnashik #nashikbanks #carloan #personalloan #nashik #loansinnashik #CarLoanOnline #autoloan #vehicleloan