Used car loans grew faster than auto loans in last five years despite higher stress: Report
- Source
- The Economic Times - Industry
- Source link
- https://economictimes.indiatimes.com/industry/banking/finance/used-car-loans-grew-faster-than-auto-loans-in-last-five-years-despite-higher-stress-report/articleshow/133355169.cms
- Published
- 2026-08-19 17:29:32
- Discovered by ProcIntel
- 2026-08-19 20:07:41
- Category
- Procurement & Supply Chain News
- Geography
- India
- Organisations
- —
- Review status
- Pending
- Record type
- REAL
Summary
Used car financing grew faster than auto loans over five years. The used car finance portfolio reached Rs 1.3 lakh crore by June 2026. Auto loans portfolio grew to Rs 9.9 lakh crore during the same period. Financiers funded used cars despite facing higher stress levels. Overall asset quality in the wheels finance segment is now stabilising.
Procurement Relevance Gate
FAIL
— score 7.0/100 — evaluated 2026-08-19 20:07:41
Only geographic exposure matched — no substantive content indicator, so this cannot pass alone.
- geographic_exposure (weight 8) — matched on "1 linked geography"
Initial Signal Assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically-computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Not Assessed — this Signal did not pass the Procurement Relevance Gate, or is fictional/excluded test data.