25 YEARS IN INDIA: LEADING WITH IMPACT
Advances deep-dive
(select products)
Auto Finance: New PVs and CVs continue to dominate the Auto finance book
Growth to continue in FY23,
with retail segments
continuing to perform and
segments like CVs, 2-
wheeler and 3-wheeler
Auto finance outstanding -Rs 9 lakh crore (FY22)
41%
23%
8%
1% 6% 8%
14%
PVs-new
CVs-new
Two Wheelers
Three Wheelers
Tractors
PVS-used
CV-used
growing at a faster pace
compared to FY22
Despite strong demand for
Share of NBFCs
47%
47%
47%
used cars, supply
constraints are likely to
NBFC book growth (%)
8
restrict growth in financing
such cars in FY23
Bank book growth (%)
6
8
• Tractors benefitted from a
healthy crop harvest
Source: CRISIL Research; BCG analysis
32
FY21
FY22
FY23
39
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