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TVS Motor Company’s arm aims loan growth of 25% in FY23

06 Jun 2022 Evaluate

TVS Motor Company’s subsidiary -- TVS Credit is aiming at a loan growth of 25 per cent during the current financial year (FY23), with the focus on underserved segments of the market. The company, which got NBFC (Non-Banking Finance Company) licence in FY10, started primarily with two-wheeler financing and subsequently forayed into used car, commercial vehicle and tractor loans. It is also present in business and consumer durable loans. The company is onboarding 1.5-2 lakh customers every month.

TVS Motor Company is a reputed two and three-wheeler manufacturer.

Peers
Company Name CMP
Bajaj Auto 9861.10
TVS Motor Company 3920.20
Hero MotoCorp 4991.10
Eicher Motors 6960.00
OLA Electric Mobilit 36.30
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