Mahindra Finance has reported growth in almost every state and every product, with demand for pre-owned vehicles, SME loans and newer segments, such as affluent customers, contributing to its 50% Q1 disbursement growth. The company believes rural sentiments will hold up, despite talk of erratic monsoon and stress in rural economies, and expects asset quality to remain good, primarily driven by genuine customers earning well. The ALM has offset rising interest rates and the company expects to see its tech investments pay off within the next three to four quarters.