Cartrade Tech Limited (CARTRADE) announced the launch of CarTrade Used Auto on June 15, 2026, to build India’s used-car ecosystem across the full transaction journey of Buy, Sell, Exchange, and Finance. This platform combines the strengths of CarWale and OLX India to create a unified, technology-led, and asset-light platform for India’s used-car ecosystem.

Unified Platform for Used-Car Transactions

CarTrade Used Auto is designed to serve every used-car transaction B2C, C2B, C2C, and financing, enabling consumers, dealers, enterprises, lenders, and service partners across the used-car value chain. The platform also launched SuperDost, which includes agents like Matchmaking, Pricing, Condition check, etc., for used car customers.

Market Growth and Potential

India’s used-car market is entering a structural growth phase. The market has already crossed approximately 5.9 million annual transactions and is projected to approach 9.5–10 million transactions by 2030. At an estimated average transaction value of approximately ₹5–6 lakh per used car, this represents a current GMV pool of over ₹3 lakh crore, with the potential to scale to approximately ₹5–6 lakh crore by 2030 as volumes grow, ownership cycles shorten, and vehicle mix premiumises.

Ambitions and Future Plans

CarTrade Used Auto across C2C, B2C, and C2B, has the ambition to facilitate approximately 2 million used-car transactions annually, representing a potential transaction value of approximately ₹1.2 lakh crore per annum. Used-car finance is one of India’s largest financing opportunities. CarTrade Used Auto Finance is building a digital marketplace for customers to get a used car loan in a simple easy manner. It will offer multiple financing options to its millions of customers and is looking to create all of this in an asset-light manner with tie-ups with leading banks and NBFCs.

Commenting on CarTrade Used Auto, Aneesha Bhandary, Executive Director and CFO, said: “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 organize 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.”

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Cartrade Tech Limited

Cartrade Tech Limited belongs to the Consumer Cyclical › Auto & Truck Dealerships sector. Here’s a quick read on where the business and the stock stand today.

Cartrade rises 42.7% over three months, with buying pressure holding steady. The PEG of 0.60 signals undervaluation relative to growth. It is a potential re-rating candidate. Industry-leading margins of 28.6% reflect exceptional pricing power and operational efficiency. RSI hits 72, a level that signals the stock runs hot. Notably, buyers drove volume on 16 recent sessions — though at these levels, some profit-taking is normal. Both the business and the stock move in the right direction. Revenue grows at 29.0%, profits at 87.2%, and the PEG sits at 0.60 — below its growth rate. That combination is rare. Check Fundamentals of Cartrade Tech Limited.