India's vehicle finance market set to hit $1.1 trillion by 2026, fueled by demand for used and premium cars.

Vehicle finance assets in India are projected to reach about $1.1 trillion by 2026, growing at 15-16% annually. This growth is driven by strong demand for used and premium vehicles, especially commercial and utility vehicles. Despite a rise in GST on used vehicle sales, the cost remains lower than for new vehicles, supporting overall financing growth.

2 months ago
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