 "credit, two-wheelers credit, auto finance, bike credit, bike on lons, loan, bike")
Credit penetration in the two-wheeler segment is set to rise at a rapid pace as an increase in the cost of ownership is prompting more buyers to opt for loans.
Amid a poor demand pull and a sales push, the percentage of those who have chosen to get the two-wheeler purchase financed has seen a sharp quarter-on-quarter increase in the September quarter (Q2) and is only set to go up, said company executives and analysts. In Q2, the average credit penetration at two-wheeler makers Hero MotoCorp, Bajaj Auto, and TVS Motor rose 500 basis points to 54.3 per cent
Amid a poor demand pull and a sales push, the percentage of those who have chosen to get the two-wheeler purchase financed has seen a sharp quarter-on-quarter increase in the September quarter (Q2) and is only set to go up, said company executives and analysts. In Q2, the average credit penetration at two-wheeler makers Hero MotoCorp, Bajaj Auto, and TVS Motor rose 500 basis points to 54.3 per cent
