CarTradeLaunches ‘CarTrade Used Auto’ Platform; Shares Fall 0.81%

Mumbai, June 15: CarTrade Tech has launched ‘CarTrade Used Auto’, a new platform aimed at integrating the used-car buying, selling, exchange and financing journey into a single ecosystem, according to a company press release.

The platform combines the strengths of CarWale and OLX India to create a technology-led marketplace focused on India’s used vehicle segment.

CarTrade said the platform will cater to consumers, dealers, enterprises, lenders and service partners across the used-car value chain. The offering includes transaction support tools such as pricing, matchmaking, condition assessment and financing assistance.

The company noted that India’s used-car market continues to expand rapidly, with annual transactions currently estimated at around 5.9 million units. It expects the market to approach 9.5 million to 10 million annual transactions by 2030.

According to the company, the estimated average transaction value in the used-car market currently stands at ₹5 lakh to ₹6 lakh per vehicle, translating into a gross merchandise value opportunity of around ₹3 lakh crore, with the potential to rise further over the coming years.

CarTrade also said the platform aims to facilitate nearly 2 million used-car transactions annually across C2C, B2C and C2B categories.

Commenting on the launch, Executive Director and CFO Aneecha Bhandary said the company is looking to simplify the fragmented used-car transaction journey through a unified digital infrastructure and financing ecosystem.

Stock Market Snapshot

CarTrade share price remained under pressure despite the launch announcement.

As of 10:55 AM IST on June 15, 2026, shares of CarTrade Tech Ltd were trading at ₹2,326.40 on the NSE, down 0.81% from the previous close of ₹2,345.30.

The stock movement suggested that investors remained cautious even as the company expanded its presence in the used-vehicle marketplace segment.

The CarTrade share price has remained in focus amid increasing competition in India’s online automobile marketplace and used-car transaction ecosystem.

Company Background

CarTrade Tech operates digital automotive platforms including CarWale, BikeWale, Shriram Automall and OLX India.

The company serves consumers, dealers and enterprises across vehicle discovery, auctions, remarketing and used-vehicle transactions.

According to the company, its platforms collectively reach more than 80 million monthly users, while its consumer marketplaces account for a significant share of India’s online used-car listings.

CarTrade has been focusing on building an asset-light automotive marketplace model supported by digital transaction infrastructure, financing integration and vehicle remarketing services.

Conclusion

With the launch of CarTrade Used Auto, the company is looking to strengthen its position in India’s expanding used-car market by offering an integrated transaction platform.

The initiative reflects growing competition among digital automotive marketplaces as companies look to capture larger shares of India’s rapidly evolving used-vehicle ecosystem.

Source:

• https://www.nseindia.com/get-quote/equity/CARTRADE/Cartrade-Tech-Limited
• https://nsearchives.nseindia.com/corporate/CARTRADE_15062026091923_Press_Release.pdf