Newsroom TransUnion CIBIL

·       Between H1 2019 and H1 2026, the average passenger vehicle loan amount grew by 49% to INR 8.2 lakh, average loan tenure increased by five months to 62 months, and 51% of higher-value car loan borrowers were from semi-urban and rural India.

·       In the same period, two-wheeler loans became a mainstream credit product, implied by the composition of first-time borrowers who have over two years of credit history: 43% in 2026 vs 27% in 2019.

·       NBFCs continue to lead vehicle financing, accounting for 73% of two-wheeler loans and 37% of passenger vehicle loans

Mumbai, India, 13 October 2026: India's personal mobility financing market is entering a new phase of growth, driven by expanding vehicle ownership aspirations, rising …