Ravi Lalwani: What is the growth rate for commercial vehicle finance in the last 12 months?
K. Vasumathi Devi: There is a robust growth in commercial vehicle disbursements and has registered a growth of around 85% during the last 12 months, i.e. Dec '21 to Nov '22, when compared with the corresponding period of Dec '20-Nov '21. Likewise, the growth in commercial vehicle disbursements has registered a growth of around 144% on a year-to-date basis, i.e. Apr 22 - Nov 22 when compared with the corresponding period of Apr 21 - Nov'21.
Further, IKF has started accessing the new commercial vehicle space by focusing on small and light commercial vehicles. Though the corresponding period numbers are constrained due to the second covid wave, disbursements have improved considerably even when compared with pre-covid numbers on account of overall improvement in the economic conditions, stabilized fuel prices and pent-up demand, despite hardening of interest rates. This growth trajectory is expected to continue, given the improvement in the macroeconomic environment, replacement cycle, and healthy demand from the end-user industries
Which are the top 3 states for the IKF's commercial vehicle finance business? Which 3 states have shown the fastest growth?
Gujarat, Tamil Nadu and Telangana have contributed significantly, constituting more than 50% of the total CV disbursements in the last 12 months, i.e. Dec 21 - Nov 22. Besides, Maharashtra also has contributed considerably during the current financial year. Rajasthan, Madhya Pradesh and Gujarat are the fastest-growing states this year in percentage terms.
What is the size of the commercial vehicle finance in FY '23? How has this ratio changed over the last few years? And what is IKF's contribution to it?
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