Tier 2 Cities to Continue Leading India Two Wheeler Loan Market
Rising two
wheeler sales coupled with easy availability of financing options to boost Two
Wheeler Loan Market.
According
to TechSci Research report, “India Two Wheeler Loan Market By Type, By Source, By
Percentage of Amount Sanctioned, By Type of City, By Tenure, Competition,
Forecast & Opportunities, 2025”, in 2018, India registered sales of over 26
million two wheelers, making it the world’s largest two wheeler market. As a
result, major automakers are setting up their production plants and are
focusing on launching new vehicles in the developing economy, which would drive
the country’s two wheeler loan market in the coming years. Declining
unemployment rates, increasing disposable income and high per capita income
level are positively impacting the two wheeler loan market in India.
Browse 38 market
data Figures and Tables spread 80 Pages and an in-depth TOC on "India Two Wheeler Loan Market".
India two
wheeler loan market can be segmented based on the type, source, percentage of
amount sanctioned, type of city, tenure and region. In terms of type of city,
market can be segmented into tier 1, tier 2, tier 3 and tier 4. Of all, Tier 2 cities
are the major adopters of two wheelers in the country due to congested roads
and parking issue in these cities. Two wheelers provide ease of parking and are
also fuel efficient, which is pushing their demand across tier 2 cities,
thereby boosting two wheeler loans market in such regions.
Major companies offering loans for the purchase
of two wheeler in India are Banks and Non Banking Financial Companies (NBFC). NBFCs
are coming up with various credit provisions with minimum documentation in
order to attract more buyers and borrowers. Leading banks operating in the
market include HDFC Bank, ICICI Bank, State Bank of India, Kotak Mahindra Prime
Ltd., Axis Bank, among others.
Download Free Sample Report
Customers can also
request for 10% free customization on this report.
“Two wheeler loan market in India is anticipated to grow at an impressive
rate during the forecast period owing to low loan interest rates and cost
effectiveness of two wheelers. Moreover, factor like growing disposable income,
declining fuel prices and increasing ownership of two wheelers are further bolstering
the growth of the two wheeler market in India, which in turn is driving the two
wheeler loan market in the country.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
“India Two Wheeler Loan
Market By Type, By Source, By Percentage of Amount Sanctioned, By Type of City,
By Tenure, Competition, Forecast & Opportunities, 2025” has analyzed the potential of two wheeler loan market across
the country, and provides statistics and information on market sizes, shares
and trends. The report will suffice in providing the intending clients with
cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by India two wheeler loan
market.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: [email protected]
Web: https://www.techsciresearch.com