Chola Finance targets sub-50% vehicle-finance mix as mortgages and gold loans scale
Cholamandalam Investment and Finance expects vehicle finance to decline from about 53% to around or below 50% of AUM by fiscal year-end, as mortgage and gold-loan businesses expand. It retained FY27 AUM growth guidance of 20–23%.
Chola Finance expects mortgages and gold loans to diversify its book, reducing vehicle finance below 50% of AUM by fiscal year-end. The NBFC retained FY27 AUM-growth guidance of 20-23%, citing resilient commercial-vehicle financing and planned gold-loan branch expansion.
Why this matters
Following Cholamandalam’s Q1 profit rise of 46% to ₹1,654 crore and its ₹55,000 crore NCD plan, the lender is signaling a broader funding and portfolio shift toward mortgages and gold loans.
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