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Bank hard-sell & cheaper loans drive auto financing SECTIONS Share Synopsis Auto financiers and dealers say the current buzz is led by the aggression of PSU lenders, which are offering rates lower than private financiers. However the uptick is restricted only to passenger vehicles and not two-wheelers and commercial vehicles. TNN (This story originally appeared in on Jan 11, 2021)Chennai: Cheaper loans, aggressive options from public sector banks and a general reluctance to use cash for cars has led to an increase in auto financing penetration in passenger vehicles from 75% at the beginning of 2020 to around 80% now. Auto financiers and dealers say the current buzz is led by the aggression of PSU lenders, which are offering rates lower than private financiers. However the uptick is restricted only to passenger vehicles and not two-wheelers and commercial vehicles.

Tamil naduNikunj sanghiAshish modaniRavi narayananIndian bankCar financeMore customersCheaper loansதமிழ் நாடுநீக்குஞ்ச் சங்கிஆஷிஷ் மோடனிரவி நாராயணன்இந்தியன் வங்கிகார் நிதிமேலும் வாடிக்கையாளர்கள்மலிவானது கடன்கள்