🇮🇳 India
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Average passenger vehicle loan amount rose 49% in 7 years: Report
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Bengaluru: India’s average passenger vehicle loan amount rose 49% to Rs 8.2 lakh in H1 2026 from H1 2019, according to TransUnion CIBIL’s Shifting Gears 2026 report.Average repayment tenure increased by five months to 62 months over the same period.The report attributed the rise to preferences for SUVs and feature-rich vehicles, alongside higher vehicle prices. Financing has become more central to car ownership as consumers opt for higher-value purchases.Passenger vehicle dispatches clock Q1 rec
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