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Mar-14<br />
Mar-15<br />
Mar-16<br />
Mar-17<br />
Mar-18<br />
Sep-18<br />
Mar-14<br />
Mar-15<br />
Mar-16<br />
Mar-17<br />
Mar-18<br />
Sep-18<br />
In Rs. billion<br />
Growth %<br />
Passenger Vehicle – High competitive pressures<br />
Exhibit 18 : AUM movement of NBFC- PV Segment<br />
1200<br />
20%<br />
Exhibit 19 : AUM growth trends – Expected to remain in line with recent trends<br />
25%<br />
1000<br />
800<br />
600<br />
400<br />
10%<br />
20%<br />
15%<br />
10%<br />
200<br />
0<br />
0%<br />
5%<br />
0%<br />
Managed Advances<br />
Source: ICRA Research, NBFCs, Investor presentations<br />
% Growth<br />
New-PV Used-PV Overall-PV<br />
❖ NBFC PV segment credit stood at ~Rs. 1.1 trillion as on September 30, 2018, registering a YoY growth of 11% (9-10% growth in FY2018 and FY2017)<br />
❖ NBFCs accounted for 30% of total PV credit in March 2018; share moderated from 34% in March 2014<br />
❖ New vehicle financing not be impacted significantly by the tightened liquidity for NBFCs; used vehicle growth however could see moderation because<br />
of reliance on NBFC funding<br />
❖ Tepid sales growth and high competitive pressures from banks to keep NBFC credit growth at 7-9% in FY2019<br />
16
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