नई दिल्ली,
Non-Banking Financial Companies (NBFCs) के two-wheeler (2W) segment के Assets Under Management (AUM) इस वित्तीय वर्ष FY26 में 18–19% की वृद्धि दर्ज करने की संभावना है।
📊 Key Drivers
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Rising vehicle ownership costs
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Inflation-driven raw material cost hikes
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Implementation of OBD-II Phase-B emission norms
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Consumers shifting toward higher cubic capacity / premium 2Ws
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Average loan amount बढ़ा: ₹86,111 (FY21) → ₹1,14,929 (FY25)
🏍️ 2W Industry Outlook
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Domestic 2W retail sales growth FY26: 6–7%
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FY25 slowdown to 8% due to high base, weak rural sentiments, cautious NBFC lending
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NBFCs dominate 68.5% of 2W finance market in FY25
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2W financing market CAGR since FY21: 16%, touching ₹1.64 lakh crore (March 31, 2025)
💳 Credit & Risk
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2W portfolio credit costs FY26: 3.9–4.1%
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NBFCs maintain selective underwriting, focusing on better-quality customers
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Secured loans, but minimal documentation; customers often new to credit
📈 Sectoral Performance
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NBFC 2W finance portfolio grew at 22% CAGR FY21–FY25, reaching ₹1,12,751 crore (March 31, 2025)
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FY25 growth moderated to 18% due to cautious approach amid rising asset quality stress
“NBFCs serve underbanked markets through faster underwriting and disbursement, maintaining their dominance despite public/private banks’ declining share,” said Sanjay Agarwal, CareEdge Ratings.
✅ Bottom Line
FY26 में NBFC-led 2W finance sector मजबूत प्रदर्शन जारी रखेगा, supported by premiumisation, regulatory reforms, और focused lending strategy, जबकि risk management और selective underwriting को प्राथमिकता दी जाएगी।
NBFCs Driving India’s Two-Wheeler Credit Growth 🏍️💹
