CarTrade Tech Launches CarTrade Used Auto to Unify India's Used Car Ecosystem

CarTrade Tech Launches CarTrade Used Auto to Unify India's Used Car Ecosystem​

CarTrade Tech Limited, one of India’s leading digital automotive marketplaces, has announced the launch of CarTrade Used Auto. This new platform aims to build a comprehensive used-car ecosystem across India by encompassing the entire transaction journey: Buy, Sell, Exchange, and Finance. The initiative combines the strengths of CarWale and OLX India into a unified, asset light, technology led solution designed for the diverse needs of the used car market.

CarTrade Used Auto is engineered to serve every aspect of used car transactions across B2C, C2B, and C2C channels. It targets consumers, dealers, enterprises, lenders, and service partners throughout the used-car value chain. Furthermore, the company has introduced SuperDost, a system that provides essential agents for used car customers, including pricing, condition checks, and matchmaking services.

Market Potential and Operational Scope​

The Indian used-car market is currently experiencing a structural growth phase. The sector has already surpassed approximately 5.9 million annual transactions and is projected to reach between 9.5 and 10 million transactions by 2030. At an estimated average transaction value of ₹ 5 to ₹ 6 lakh per vehicle, the current Gross Merchandise Value (GMV) pool exceeds ₹ 3 lakh crore, with the potential to scale to approximately ₹ 5 to ₹ 6 lakh crore by 2030 as ownership cycles shorten and vehicle mix premiumises.

CarTrade Used Auto is set to play a significant role in this growth. The platform has an ambition to facilitate approximately 2 million used-car transactions annually, representing a potential transaction value of around ₹ 1.2 lakh crore per annum across C2C, B2C, and C2B channels. CarTrade Tech currently reaches approximately 65 million monthly auto users, establishing it as one of the largest automotive marketplaces globally. The Group engages with roughly 3 million used-car sellers and 20 million used-car buyers annually.

Used car finance represents a substantial financing opportunity in India. To meet this demand, CarTrade Used Auto Finance is establishing a digital marketplace dedicated to simplifying used car loan acquisition. This service will offer multiple financing options through partnerships with prominent banks and NonBanking Financial Companies (NBFCs), operating within an asset light framework.

Focus on Seamless Transaction Journey​

Commenting on the launch, Aneesha Bhandary, Executive Director and CFO of CarTrade Tech Limited, stated that while used cars represent one of India’s largest consumer transaction opportunities, "the journey remains fragmented across discovery, trust, pricing, finance, documentation and ownership transfer."

She added that by integrating the capabilities of CarWale and OLX India, CarTrade Used Auto is creating a single platform to organize and enable the entire used-car transaction process. The strategy prioritizes building technology led transaction infrastructure, unlocking retail enablement, and maintaining an asset light model across consumers, dealers, enterprises, and lenders.

Company Overview​

CarTrade Tech Limited stands as one of the world's largest digital automotive ecosystems and is a leading online marketplace in India. Through platforms including CarWale, BikeWale, Shriram Automall, and OLX India, the company serves over 80 million monthly unique users, with more than 95% of this traffic generated organically. Its consumer marketplaces account for over 63% of India's online used car listings, while its remarketing platforms facilitate the auction of more than 1.7 million vehicles each year. The company operates with a technology led, asset light model and maintains a strong nationwide network comprising over 500 physical locations, enabling consumers and businesses to buy and sell vehicles efficiently.

CARTRADE Stock Price Movement​

Shares of Cartrade Tech Limited are edging higher to ₹2364.6 as of 9:22 AM today, gaining 0.82% in live trading. The stock trades on a volume of 24,197 shares.