Poonawalla Fincorp Expands into Commercial Vehicle Financing
Poonawalla Fincorp Limited (PFL), a well-established non-banking finance company under the Cyrus Poonawalla Group, has announced its entry into the Commercial Vehicle (CV) Secured Loan Business. This marks a significant move for the company as it broadens its lending portfolio to cater to the transportation and logistics industry. A Strategic Move into Commercial Vehicle Loans The newly launched financing service will support businesses and individual transport operators by offering loans for small, light, intermediate, and heavy commercial vehicles. Both new and used vehicles from leading manufacturers will be covered under this initiative. By entering this sector, Poonawalla Fincorp aims to address the financial requirements of transporters and fleet owners, ensuring they have access to hassle-free funding solutions. This move aligns with the company’s long-term growth strategy, which focuses on expanding its presence in multiple lending categories. Market Performance and Share Movem...