Product Launch Details

CarTrade Tech Limited announced the launch of CarTrade Used Auto, a comprehensive platform designed to organize India's used-car ecosystem across the full transaction journey including Buy, Sell, Exchange, and Finance.

The platform integrates the strengths of CarWale and OLX India to create a unified, technology-led, and asset-light platform serving all transaction types: B2C, C2B, C2C, and financing. It aims to serve consumers, dealers, enterprises, lenders, and service partners across the used-car value chain.

Market Context and Opportunity

India's used-car market represents a significant growth opportunity:

  • Current market size: Approximately 5.9 million annual transactions
  • Projected market size by 2030: 9.5–10 million transactions
  • Estimated average transaction value: ₹5–6 lakh per used car
  • Current GMV pool: Over ₹3 lakh crore
  • Projected GMV by 2030: Approximately ₹5–6 lakh crore

Growth drivers include increasing volumes, shortening ownership cycles, and premiumization of vehicle mix.

Platform Features and Capabilities

The platform includes SuperDost, which provides agent services such as:

  • Matchmaking
  • Pricing
  • Condition check

User Base and Transaction Targets

CarTrade Tech has substantial market reach:

  • 65 million monthly auto users across its platforms
  • Engages with approximately 3 million used-car sellers annually
  • Engages with approximately 20 million used-car buyers annually
  • Hosts more than 63% of India's online used car listings

CarTrade Used Auto aims to facilitate:

  • Approximately 2 million used-car transactions annually
  • Potential transaction value of approximately ₹1.2 lakh crore per annum

Financing Component

CarTrade Used Auto Finance is building a digital marketplace for used car loans:

  • Offers multiple financing options to customers
  • Operating in an asset-light manner through tie-ups with leading banks and NBFCs
  • Targets one of India's largest financing opportunities

Management Commentary

Aneesha Bhandary, Executive Director and CFO, stated: "Used cars are one of India's largest consumer transaction opportunities, but the journey remains fragmented across discovery, trust, pricing, finance, documentation and ownership transfer. With CarTrade Used Auto, we are creating one platform for buy, sell and exchange of used cars. By bringing together the strengths of CarWale and OLX India, we believe we are uniquely positioned to organise and enable the used-car transaction journey across consumers, dealers, enterprises and lenders. Our strategy is to build technology-led transaction infrastructure, unlock finance and retail enablement, and remain asset-light."

Company Background

CarTrade Tech Limited operates one of the world's largest digital automotive ecosystems through platforms including:

  • CarWale
  • BikeWale
  • Shriram Automall
  • OLX India

The company serves over 80 million monthly unique users, with over 95% of traffic generated organically. Its remarketing platforms facilitate the auction of over 1.7 million vehicles annually with a nationwide network spanning over 500 physical locations.