Cartrade Tech Limited has informed the Exchange regarding a press release dated September 23, 2025, titled "CarTrade Tech s Platforms, CarWale & BikeWale Traffic Soars 74% to Record High This Navratri".
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CarTrade Tech announced that its consumer platforms CarWale and BikeWale hit their highest ever single-day traffic on the first day of Navratri 2025. Traffic grew 74% compared to the first day of Navratri last year and was 60% above the August 2025 daily average. The company credits the spike to festive season demand combined with the recent GST rate cut, which improved affordability and boosted consumer sentiment in the auto sector. CEO Banwari Lal Sharma called it a 'landmark day' and said it reflects strong consumer trust in the platforms for vehicle research and purchase decisions.
Positive for the stock as a leading indicator of potential ad and listing revenue from dealers and OEMs, though this is a traffic metric rather than a financial result. Sustained engagement could support future monetisation, but short-term share price reaction is likely to be modest given no earnings or guidance update.