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India used car loan market to grow till FY2027

India used car loan market to grow till FY2027

According to TechSci Research, the used car loan market will grow at a CAGR of around 11% and reach $ 16 billion by FY 2027. Low interest rates, increased ownership of used cars, etc. would drive this growth.

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Elofic Industries sees tremendous growth for next 20 years

Elofic Industries sees tremendous growth for next 20 years

Auto component manufacturers need to get competitive in order to leverage the full potential of a market that is bound to register healthy growth over the next 20 years, a spokesperson at one of India’s leading filter manufacturers said in an interaction with APF’s Manish Pant.

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