Two-wheeler finance company Muthoot Capital Services is all set to enter the new and used car financing segment, company officals said on Thursday.
The listed company is from the 129-year-old Muthoot Pappachan Group (MPG), with interests in various domains such as financial services, automotive, property, hospitality, and alternate energy.
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Thomas George Muthoot, managing director, Muthoot Capital Services, said: “We are planning a foray into new and used car financing segment. This is after we realised that there is a huge demand gap in the used car segment.
There is a growing demand for used car loans and we hope to cater to this demand.”
