CarTrade Tech has launched CarTrade Used Auto, a unified platform designed to organize India's used-car ecosystem across the full transaction journey of buy, sell, exchange, and finance. The platform integrates the strengths of CarWale and OLX India to create a technology-led, asset-light marketplace serving consumers, dealers, enterprises, and lenders. Targeting 2 million used-car transactions annually, the initiative aims to capture a significant share of a market projected to reach 9.5–10 million transactions by 2030.

Platform Overview and Market Context

CarTrade Used Auto consolidates key aspects of the used-car transaction lifecycle into one integrated platform. The launch addresses the structural growth phase of India's used-car market, which currently sees approximately 5.9 million annual transactions. At an estimated average transaction value of ₹5–6 lakh per used car, the current market represents a GMV pool of over ₹3 lakh crore, with the potential to scale to approximately ₹5–6 lakh crore by 2030.

Strategic Integration and Scale

The platform brings together the user bases of CarWale and OLX India, reaching approximately 65 million monthly auto users. The Group engages with approximately 3 million used-car sellers and 20 million used-car buyers annually across its platforms. By facilitating transactions across C2C, B2C, and C2B models, CarTrade Used Auto aims to streamline a fragmented journey involving discovery, trust, pricing, finance, documentation, and ownership transfer.

Financing and Technology

CarTrade Used Auto Finance is building a digital marketplace to offer used car loans through tie-ups with leading banks and NBFCs. The platform has also launched SuperDost, which features agents for matchmaking, pricing, and condition checks. Aneesha Bhandary, Executive Director and CFO, highlighted that the strategy focuses on building technology-led transaction infrastructure and unlocking finance while remaining asset-light.

OLX India, a platform under cartrade tech , announced that its Elite Buyer sign-ups crossed 80,000 in May 2026. This milestone marks a significant step in the company's strategy to build a more trusted and efficient marketplace for used products. The program is designed to improve buyer experience by enabling high-intent buyers to access better discovery and engagement tools.

The Elite Buyer program has started contributing to OLX India's revenue growth and is expected to become a major driver in the coming years. By deepening monetization across buyer and seller journeys, the initiative is emerging as a key pillar of the company's long-term business strategy. Varun Sanghi, Chairman of OLX India, stated that the program has improved the buyer experience by bringing more serious and engaged buyers to the marketplace.

Looking ahead, OLX India plans to launch the next phase of the program, Elite Buyer AI, in the coming quarter. This phase will introduce AI-led matchmaking, pricing guidance, and condition-check capabilities. These features aim to help buyers discover relevant listings and make informed decisions with greater confidence.

Additionally, the company is developing a hyperlocal service model to help sellers connect with Elite Buyers faster. Planned for rollout in the coming quarters, this service is expected to create a quick-commerce-like experience for used products. The combination of Elite Buyer, AI-led discovery, and hyperlocal services is anticipated to materially improve liquidity, trust, and transaction speed on the platform.

Key Developments

CarTrade Tech Limited serves over 80 million monthly unique users through platforms including CarWale, BikeWale, Shriram Automall, and OLX India. The company hosts more than 63% of India's online used car listings and facilitates the auction of over 1.7 million vehicles annually.