Used LCV/CV business comprises a major chunk of Indostar’s vehicle loan business and as per the Investor presentation for Q1 FY24 by Cholamandalam, who competes with Indostar in the used vehicle business, expects buoyant growth in FY24.
Used vehicles segment has contributed 32% disbursement volume out of the total disbursements of 11,301 crs under Vehicle finance
Disclosure : Invested
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