Vehicle buyers are increasingly taking multiple loans, while the average amount borrowed is also rising, raising potential credit risks for lenders. The trend is most visible in commercial vehicle finance, where borrowers with two or more loans rose to 19.9% in June from 15.7% a year earlier.

Commercial vehicle loans will grow significantly over five years. Used car loans are the fastest-growing segment, formalizing credit access. Two-wheeler financing maintains the…

Vehicle buyers are increasingly taking multiple loans, while the average amount borrowed is also rising, raising potential credit risks for lenders. The trend is most visible in…