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India Car Finance Industry Outlook to 2020

Driven by Spurring Car Sales and Reduction in Average Ownership Period

Region:Asia

Product Code:KR338

Download Sample Report
Published On

September 2015

Total pages

94

About the Report

The report titled 'India Car Finance Industry Outlook to 2020 - Driven by Spurring Car Sales and Reduction in Average Ownership Period' provides a comprehensive analysis of various aspects of the industry such as market size, pre-owned car finance market and new car finance market with segmentation on the basis of online-offline, geography, term of the loan and seasonal demand. The report also covers market shares of major car finance providers in India as well as the loan disbursements of major players in the car finance market along with major industry trends, SWOT and Regulations.
The car finance industry in India has registered loan disbursements of INR ~ billion in FY’2015 largely driven by retail sales of cars. High population in the country, with approximately 66% of people in the middle-income class and a large proportion of people in the young age group has poised as an attractive investment opportunity into cars which has led to an increase in demand for car finance for new and pre-owned cars. The car finance industry in India has grown at a CAGR of 13.2% from INR ~ billion in FY’2010 to INR ~ billion in FY’2015
This market has been segmented on the basis of two sectors, namely, new car finance market and pre-owned car finance market which has further been segmented on the basis of online-offline segment, geography, a term of loans and the seasonal demand. India's pre-owned car finance industry has expanded on the basis of loans disbursed at a CAGR of ~%. In the year FY’2010, INR ~ billion worth of car loans were disbursed which further aggrandized to INR ~ billion in the succeeding year due to rising demand for pre-owned cars by the middle-class population.
In India, the car finance market faces intense competition with a large number of banks and NBFC’s competing against each other in the market. The banking sector is the leader in the car finance industry with a ~% share in the market. On the other hand, NBFC’s command a lower share in the market with a ~% share in the overall loan disbursements for new cars in the market as of FY’2015. HDFC Bank, State Bank of India and ICICI Bank are some of the major competitors in the market.
The market for car finance in India is changing at a brisk rate. Technological advancements, internet and mobile diffusion across ages and regions, rising personal disposable income as well as competitive pressures have been significantly changing the market. Loan Disbursements from the car finance industry in India are expected to expand to INR ~ billion in FY’2020, growing at a CAGR of ~% from FY’2015 to FY’2020.

Key Topics Covered in the Report:
  • The market size of the India car finance, new car, and pre-owned car finance market
  • Market segmentation of India new car finance market on the basis of online-offline loans, geographic distribution, a term of the loan and seasonal demand
  • Market segmentation of India pre-owned car finance market on the basis of online-offline loans, geographic distribution, the term of the loan and seasonal demand
  • Trends and Development in the India car finance market
  • Issues and challenges in India car finance market
  • SWOT analysis of India car finance market
  • Pre-requisites to enter the market
  • Government regulations regarding car finance market
  • Competitive landscape and detailed company profiles of the major financiers of the car finance industry in India
  • Future outlook and projections of India car finance industry with both new and pre-owned car finance

Products

New car Loan, Preowned Car Finance, Car Loan, Vehicle Loan, Loan Disbursed, Number of Car Financed, Finance Penetration, Customer Margin, Term of Loan, Banks, NBFCs, Loan Procurement, Documentation Process, Online Loan Disbursed, Seasonal Demand, Motor Loan

Companies

HDFC Bank, SBI, Kotak Mahindra Bank, ICICI Bank, Axis Bank, NBFCs, Magma Finance, Reliance Commercial Finance, Mahindra Finance, Tata Capital, Sundaram Finance

Table of Contents

1. India Car Finance Market Introduction
2. India Car Finance Market Value Chain Analysis
3. India Car Finance Market Size, FY’2010-FY’2015
3.1. By Loan Disbursed, FY’2010-2015
3.2. By Number of Cars Financed, FY’2010-FY’2015
4. Target Loan Seeker Profile in India Car Finance Market
A Loan Seeker’s Typical Profile
5. India-Pre owned Car Finance Market
5.1. India Pre-Owned Car Market Introduction
5.2. India Pre-Owned Car Finance Market Size, FY’2010-FY’2015
5.2.1. By Loans Disbursed, FY’2010-FY’2015
5.2.2. By Number of Pre-Owned Cars Financed, FY’2010-FY’2015
5.3. India Pre-Owned Car Finance Market Segmentation
5.3.1. By Online or Offline segment, FY’2010 and FY’2015
5.3.2. By Geography, FY’2015
5.3.3. By Term of the Loan, FY’2010 and FY’2015
5.3.4. By Seasonal Demand, FY’2015
5.4. Market Share of Banks and NBFCs in India Pre-Owned Car Finance Market, FY’2010 and FY’2015
5.5. India Pre-owned Car Finance Market Future Outlook and Projections, FY’2016-FY’2020
6. India New Car Finance Market
6.1. India New Car Finance Market Introduction
6.2. India New Car Finance Market Size, FY’2010-FY’2015
6.2.1. On the Basis of Loan Disbursed, FY’2010-FY’2015
6.2.2. By Number of Cars Financed, FY’2010-FY’2015
6.3. India New Car Finance Market Segmentation
6.3.1. By Online and Offline Segment, FY’2010 and FY’2015
6.3.2. By Geography, FY’2015
6.3.3. By Term of Loan, FY’2010 and FY’2015
6.3.4. By Seasonal Demand, FY’2015
6.4. Market Share of Banks and NBFCs in New Car Finance Market, FY’2010 and FY’2015
6.5. India New Car Finance Market Future Outlook and Projections, FY’2016-FY’2020
7. Market Share of Major Players in India Car Finance Market, FY2015
8. Competitive Landscape of Major Non Banking Finance Companies (NBFC’s) in India Car Finance Market
9. Growth Drivers of India Car Finance Market
10. Issues and Challenges
11. SWOT Analysis of India Car Finance Industry
12. Trends and Developments in India Car Finance Market
Better Credit Availability
Digitization of car finance market
Use of Data and Technology
Plethora of Innovative Practices
Increase in Alliances between Dealers and Financiers
13. Important Mergers and Acquisitions in Indian Financial Services Sector
14. Prerequisites for an NBFC to Enter the Market
15. Government Rules and Regulations Regarding the Banking Sector Operations
Exposure Limits
CRR & SLR
Priority Sectors
Provisioning
16. India Car Finance Market Future Outlook and Projections, FY’2016-FY’2020
16.1. Analyst recommendations
16.1.1. Opportunities in the Market
16.1.2. Recommendations
Government
Banks
NBFC’s
Online portals
16.2. Cause and Effect Relationship between Industry Factors and Expected India Car Finance Market Prospects
17. Company Profiles of Major Players in India Car Finance Market
17.1. HDFC Bank
17.1.1. Company Overview and Business Offerings
17.1.2. Financial Performance, FY’2010-FY’2015
17.2. ICICI Bank
17.2.1. Company Overview and Business Offerings
17.2.2. Financial Performance, FY’2011-FY’2015
17.3. State Bank of India
17.3.1. Company Overview and Business Offerings
17.3.2. Financial Performance, FY’2012-FY’2015
17.4. Kotak Mahindra Prime Ltd.
17.4.1. Company Overview and Business Offerings
17.4.2. Financial Performance, FY’2012-FY’2015
17.5. Axis Bank
17.5.1. Company Overview and Business Offerings
17.5.2. Financial Performance, FY’2011-FY’2015
18. Macroeconomic Factors Affecting the India Car Finance Market
18.1. Urban Population in India, FY’2010-FY’2020
18.2. Personal Disposable Income in India, FY’2010-FY’2020
18.3. Gross Domestic Product of India, FY’2010-FY’2020
18.4. Car Sales in India, FY’2010-FY’2020
18.5. Repo Rates in India, FY’2010-FY’2015
18.6. Petrol and Diesel Prices in India, FY’2010-FY’2015
19. Appendix
19.1. Market Definitions
19.2. Abbreviations
19.3. Research Methodology
Data Collection Methods
Approach
Variables (Dependent and Independent)
Multi Factor Based Sensitivity Model
Final Conclusion
19.4. Disclaimer

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