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.