auto loan interest rates india 2011

auto loan interest rates india 2011 - Opportunities in Auto Finance Market in BRIC Countries ; Executive Summary Auto financing has become one of the most prominent ways of purchasing automobiles in developing countries for the last few years. The per capita income and spending in these countries is quite low in comparison to the developed nations. In spite of this fact, the demand of automobiles is rising here and this has presented plenty of opportunities for auto finance companies. The passenger and commercial vehicles have registered more than 15 per cent annual growth over the last 5 years and same trend is expected to continue in future as well. The convenient acquisition process of cars,

convenient financing process and favorable interest rate in the BRIC nations has contributed to this growth. Looking at this growth rate and trend of adopting financing option while buying vehicles, it is anticipated that auto financing market will register a healthy growth rate over the next few years. The key objective of this report is to probe and identify emerging opportunities in the vehicle finance market in BRIC countries.

The report also provides a detailed overview and succinct summary of auto financing market in BRIC countries. The content in this report is especially useful for those companies and investors who are looking to invest in the auto financing industry of India, Russia, Brazil and China. The report highlights the key competitors and their business performance in each of the country level industry. This is expected to enable the target audience of this report in understanding the contemporary industry scenario.

The report Opportunities in Auto Finance Market in BRIC Countries discusses key industry trends which are associated with the overall industry growth. Our research has found that India and Brazil have maximum potential for growth. The report gives a complete overview of the financial condition of the consumer profile thus enabling clients in understanding demand scenario.

Key findings of the report are:

* In Brazil, the availability of financing has increased significantly over the past 10 years; up to 5 years ago the maximum term of an auto loan was 24 months. However, removal of this time limit has attracted number of car buyers to avail this option.

* The auto companies in BRIC countries are increasingly focusing on developing their own financing arms with an objective of providing easy financing and removing cost barriers from the customers' mind. Developing their own auto financing service can not only add substantially to the profits of auto companies, this vital diversification will orient new businesses and garner economies of scale for the automakers. For instance, out of Euros 413 million pre-tax profit of BMW in 2009, Euros 365 million came from its auto financing business.

* Supported by increasing disposable income and increasing demand for luxury cars in India luxury car maker Audi AG is planning to set up their auto finance arm in India. Audi for instance believes that by offering loans to potential consumers in India, will help it to increase its sale by almost 50 per cent in 2011.
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