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Indian car finance: rising up

The gloom over Britain’s financial recovery isn’t just coupled with the forthcoming darker skies. India is becoming a thorn in the side of big economies we have in the west.

The gloom over Britain’s financial recovery isn’t just coupled with the forthcoming darker skies. India is becoming a thorn in the side of big economies we have in the west. Finance companies within the country are likely to post very impressive figures for the September quarter.

Car finance is on the rise, too. The results will be thanks to low interest rates coupled with a strong demand for loans. Apparently, four finance companies could post a 25% hike in quarterly profits.

Deepti Chauhan, an analyst at Asit C Mehta Investment Intermediates said: "Credit off-take is good. The second-quarter (profits) will be robust as their sanctions and disbursements will grow at a rapid pace."

It’s another success story for the country that has just hosted the Commonwealth Games. Carfinance24/7 has previously reported on the German marques’ battling it out for supremacy, and with the aforementioned news, it just keeps getting better for the Indian economy.

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