Two wheeler loan market in India is anticipated to grow at a brisk rate during the forecast period on account of growing disposable income, declining fuel prices and increasing ownership of vehicles. Technological advancements in the form of shift from combustion engine vehicle to electric vehicle, product launches, subsidies offered by the government on purchase of electric vehicles and high vehicle replacement rate are promoting the increasing sales of two wheelers across the country, thereby consequently, driving the two wheeler loan market.

Two wheeler loan market in India is anticipated to grow at an impressive rate during the forecast period on account of easy availability of loans, declining fuel prices and increasing ownership of vehicles. Two wheeler is the preferred transport for short distance commute. Moreover, two wheelers are convenient in increasing traffic congestion and provides ease of parking when compared with other vehicles, thereby aiding the adoption of two wheeler, which in turn, is driving two wheeler loan market as well. Moreover, now there is option to apply online for loan and fewer documents are required, owing to net banking, eliminating hassles related to long approval, which is positively influencing the growth of the market. Additionally, presence of major automakers in the country, flexibility in terms of tenure and payment mode, negotiable interest rates based on CIBIL score would further steer growth in India two wheeler loan market.

India two wheeler loan market can be segmented based on type, source, percentage of amount sanctioned, type of city, tenure and region. In terms of type, India two wheeler loan market can be bifurcated into new two wheeler and used two wheeler. New two wheeler is the major segment in the market; however, old two wheeler segment is anticipated to witness growth in the coming years on account of lower price and high mileage.

Major players operating in India two wheeler loan market are categorized into non banking finance companies (NBFC), banks and original equipment manufacturers (OEMs). For instance, some of the major banks in the country include State Bank of India, HDFC bank, ICICI bank and Axis bank, among others. OEMs such as Hero Fincorp, among others have also started providing loans for purchasing new vehicles. Another method of loan is NBFC, Mahindra & Mahindra Financial Services Limited and Shriram Transport Finance Co. Ltd., Ltd, are some of the major companies in this space.

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of India two wheeler loan market.
  • To classify and forecast India two wheeler loan market based on type, source, percentage of amount sanctioned, type of city, tenure and regional distribution.
  • To identify drivers and challenges for India two wheeler loan market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India two wheeler loan market.
  • To conduct the pricing analysis for India two wheeler loan market.
  • To identify and analyze the profile of leading players operating in the India two wheeler loan market.


Click here to download the sample

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the players which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major manufacturers across the country.

TechSci Research calculated the market size of India two wheeler loan market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Two wheeler loan companies and other stakeholders
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to two wheeler loan market  

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India two wheeler loan market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Type:
    • New Two Wheeler
    • Used Two Wheeler
  • Market, By Source:
    • Bank
    • OEM
    • Non Banking Financial Company (NBFC)
  • Market, By Percentage of Amount Sanctioned:
    • Upto 25%
    • 25-50%
    • 51-75%
    • Above 75%
  • Market, By Type of City:
    • Tier 1
    • Tier 2
    • Tier 3
    • Tier 4
  • Market, By Tenure:
    • Less than 3 year
    • 3-5 Year
  • Market, By Region:
    • North Region
    • South Region
    • East Region
    • West Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India two wheeler loan market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at sales@techsciresearch.com  

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

5.     India Two Wheeler Loan Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.2.   Market Share & Forecast

5.2.1. By Type (New Two Wheeler; Used Two Wheeler)

5.2.2. By Source (OEM; Bank; Non Banking Financial Company (NBFC))

5.2.3. By Percentage of Amount Sanctioned (Upto 25%; 25-50%; 51-75%; Above 75%)

5.2.4. By Type of City (Tier 1; Tier 2; Tier 3; Tier 4)

5.2.5. By Tenure (Less than 3 year; 3-5 Year)

5.2.6. By Region (North, South, East, West)

5.2.7. By Company (2018)

5.3.   Market Attractiveness Index

6.     North India Two Wheeler Loan Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value  

6.2.   Market Share & Forecast

6.2.1. By Type

6.2.2. By Source

6.2.3. By Percentage of Amount Sanctioned

6.2.4. By Type of City

7.     West India Two Wheeler Loan Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value  

7.2.   Market Share & Forecast

7.2.1. By Type

7.2.2. By Source

7.2.3. By Percentage of Amount Sanctioned

7.2.4. By Type of City

8.     South India Two Wheeler Loan Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value  

8.2.   Market Share & Forecast

8.2.1. By Type

8.2.2. By Source

8.2.3. By Percentage of Amount Sanctioned

8.2.4. By Type of City

9.     East India Two Wheeler Loan Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value  

9.2.   Market Share & Forecast

9.2.1. By Type

9.2.2. By Source

9.2.3. By Percentage of Amount Sanctioned

9.2.4. By Type of City

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  India Economic Profile

14.  Competitive Landscape

14.1.              Company Profile

14.1.1.   Company Detail

14.1.2.   Service Charges & Fees

14.1.3.   Documentation Required For Loan

14.1.4.   Terms & Conditions of Loan

14.2.              HDFC Bank

14.3.              Mahindra & Mahindra Financial Services Limited

14.4.              Shriram Transport Finance Co. Ltd.

14.5.              ICICI Bank

14.6.              State Bank of India

14.7.              Kotak Mahindra Prime Ltd.

14.8.              Axis Bank

14.9.              Bajaj Auto Finance

14.10.            Tata Capital

14.11.            Hero Fincorp

14.12.            IDFC FIRST Bank

15.  Strategic Recommendations

16.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com