Announced Mon, 15 Jun · 09:19 IST
CarTrade Tech Launches CarTrade Used Auto Platform
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CARTRADE · price
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Price reaction · full curve 14 horizons · vs prior close
+2.5%1-day move
₹2341.00
prior close
₹2366.80
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AI summary
CarTrade Tech launched CarTrade Used Auto, a unified platform merging CarWale and OLX India to cover India's used-car buy, sell, exchange, and finance journey. India's used-car market sees ~5.9M annual transactions, projected to reach 9.5–10M by 2030, with current GMV over ₹3 lakh crore. The asset-light platform targets ~2M annual transactions (~₹1.2 lakh crore value) and includes SuperDost AI agents. CarTrade reaches ~65M monthly auto users.
Likely market impact
Expands addressable market in India's growing used-car segment; supports long-term revenue diversification, though execution and competition risks remain.