Chola Finance Aims for 50% Vehicle Finance Mix

Cholamandalam Investment and Finance Company wants to have less than half of its loans in vehicle finance by the end of this year.

Right now, vehicle loans make up about 53% of their total loans.

The company is focusing more on mortgage loans, which include home loans and loans against property.

These mortgage loans are growing fast, and the company also started offering gold loans, which have grown quickly.

The company expects to grow its total loans by 20-23% next year.

The CFO, Arul Selvan, says vehicle loans are still doing well, especially for commercial vehicles, but mortgage loans will grow even faster.

The company is also watching how the monsoon and other factors might affect their business.