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The Economic Times

Ritesh Presswala

CarTrade Tech shares surge 12% in two days after launching new used-car platform

CarTrade Tech India

Shares of CarTrade Tech surged 9.67% to Rs 2,614.50 during Wednesday's trading session, extending gains for a second straight day after the company unveiled CarTrade Used Auto, its ambitious new platform aimed at transforming India's fragmented used-car market. The stock has gained nearly 12% over the last two trading sessions, reflecting strong investor enthusiasm for the initiative.

The launch marks a significant strategic move for CarTrade Tech, one of India's largest digital automotive marketplaces. The company is bringing together the strengths of CarWale and OLX India to create a unified, technology-driven and asset-light ecosystem covering the entire used-car journey, from buying, selling and exchanging vehicles to financing and ownership transfer.

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