Vehicle
finance is the Company's largest business of
Cholamandalam Investment & Finance
Company Limited (CIFCL)
accounting for
over 80% of assets. The Company offers
finance for a range of vehicles, including
Heavy and Light Commercial Vehicles, Multi
Utility Vehicles, cargo three-wheelers and cars. Traditionally,
Cholamandalam has financed the acquisition
of commercial vehicle and cars, while
passenger cars account for a small
proportion. The Company has now begun to utilize
the rising demand for three-wheelers, a
segment in which the Company is a market
leader in India.
Over the years, Cholamandalam DBS vehicle
finance business has built significant
strengths, namely strong distribution with
presence in 120 locations, major product
presence and strong credit and recovery
systems, marked by customer service
excellence.
Cholamandalam DBS service to customers is not
restricted to flexible credit norms, quick
credit decisions and speedy disbursements.
The Company nurtures long-term relationships
with its customers, even advising them on
the choice of appropriate vehicles that suit
their business and personal
requirements.
