NBFCs step up used car funding as EVs catch on

Mahindra Finance, Shriram Finance, Poonawalla Fincorp, Cholamandalam Finance and others expect wider acceptance in the metros for used EVs. Finance penetration in this market has grown from 20% a year back to about 35% currently, according to executives.

from Banking/Finance-Industry-Economic Times https://ift.tt/SK574OF