Kotak's auto financing arm bets on SUVs and used car business

Kotak Mahindra Prime aimed to grow its ₹30,000-crore book by targeting SUV and used car sectors. The finance arm anticipated that festive season discounts and custom financing would boost sales. Director Shahrukh Todiwala projected single-digit industry growth, expecting inventory pile-ups at dealerships to clear during the festive months.