Two-wheeler finance environment weakening: Fitch

Global rating agency Fitch on Thursday said increasing default rate has weakened two-wheeler financing even as there is an improvement in business of commercial vehicle financing in the country.

In the two-wheeler financing segment, nearly six per cent of customers have not paid their instalment for past six months. Earlier, the default in the segment was 3.6 per cent.

However, default rate in commercial vehicles segment lowered to less than 1.5 per cent as compared to 1.7 per cent last year. More
Courtesy:economictimes.indiatimes.com

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