BusinessPhoto: Hindu BusinessCar Loans Rise 49% as Premium Cars Spread Beyond Metros
According to TransUnion CIBIL's study, India's shift to higher-value cars has increased average vehicle loan amounts by 49% from H1 2019 to H1 2026, reaching ₹8.2 lakh. Loan tenures also grew by five months to 62 months. Premiumisation is expanding beyond metros, with 51% of higher-value car loan borrowers now from semi-urban and rural areas, driven by demand for SUVs and feature-rich vehicles.
Hindu Business·



