Will car loan companies benefit indirectly from the new Maruti Suzuki car GST rate?

I feel benefit will be mixed. On one side, more people will take loans. On other side, loan amount per person will be slightly lower because car price is less. So number of loans may rise, but total loan volume may not increase too much.

Yes, absolutely. When car prices go down, more buyers enter the market. Most of these buyers depend on car loans. So loan companies will see more customers. Also, EMI per month will be slightly lower because of reduced price, making loans easier to sell. Banks and NBFCs will surely benefit.

Indirect benefit is there because even rural buyers will now find EMI affordable. Loan companies will expand to new markets. That’s a long-term gain.