Transportation cannot be compromised in business growth and nobody understands this better than us. Thanks to our efficient and convenient loans, owning a commercial vehicle has never been so easy. And that too, right here, right now.
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| Policy Overview – Commercial Vehicles |
India is the 7th largest country in the world and 2nd largest in Asia. With a land mass measuring 3.29 million sq. km and a population of over 1 billion, the need and constant upgradation for transportation and adequate infrastructure is on the topmost agenda of the government. Increased industrial activity and spurt in the passenger movement over the last decade has thrown up various challenges for all those who are involved in businesses which are related to goods and passenger movement.
Commercial vehicle manufacturers and their ancillaries have upwardly revised their future plans and are capacitising for a higher output looking at the increased demand for commercial vehicles.
Commercial Vehicle finance industry has assumed significant importance since almost 90% of vehicles sold by vehicle manufacturers are financed. The presence of almost 15 organized players in the commercial vehicle finance market bears testimony to the fact that this industry is of significant weightage. It also makes business logic for a transporter to purchase vehicles under finance rather than taking it under outright cash purchase because of the higher initial investment (higher ticket size), interest paid on Commercial vehicle finance being allowed to be exempted as expense and the depreciation which again adds up to the bottom line of the transporter. Hence increasingly more and more transporters are adopting the finance route for expanding their fleet strength.
RELIANCE CAPITAL LIMITED intends to address this growing set of customers in the CV finance arena and offer unique products at competitive pricing.
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