CarTrade Tech has announced a strategic partnership with Spinny, aimed at transforming the used car buying and selling landscape in India. The collaboration integrates Spinny's full-stack operational capabilities with CarTrade Tech's digital marketplaces, specifically CarWale and OLX India. This move allows consumers on these platforms to access quality-assured used cars directly from Spinny, enhancing trust and simplicity in transactions.

The partnership was disclosed on July 29, 2026, pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE). Lalbahadur Pal, Company Secretary and Compliance Officer, signed the disclosure.

Operational Integration

Under the terms of the partnership, Spinny will sell its inventory of quality-assured used cars through CarWale and OLX India. The integration leverages CarTrade's proprietary VAYA AI technology to instantly connect users with relevant Spinny offerings based on their search behavior and preferences. This addresses the fragmented nature of the Indian used car market by combining high-volume traffic with verified inventory.

Vinay Sanghi, Chairman and Managing Director of CarTrade Tech, stated that the partnership aligns with the company's strategy to build an integrated automotive ecosystem. He emphasized that CarWale and OLX India bring together a large base of active consumers, and the collaboration aims to make transactions more seamless and trusted throughout the vehicle ownership journey.

Niraj Singh, Founder and CEO of Spinny, noted that buying a car is a deeply personal decision. He highlighted that the partnership allows Spinny to engage with more customers through established platforms while maintaining its focus on transparency and dependability. Together, the companies aim to set new standards for the used car market.

Market Reach and Scale

The significance of this partnership lies in the scale of CarTrade Tech's user base. More than 23 million consumers visit OLX India and CarWale annually to buy or sell used cars. By integrating Spinny's proposition, the companies aim to enhance the customer journey for this substantial audience. CarTrade Tech serves over 80 million monthly unique users across its platforms, with over 95% of traffic generated organically.

What the Numbers Show

The data indicates a strong potential for conversion due to the existing traffic volume. With CarTrade Tech hosting more than 63% of India's online used car listings, the addition of Spinny's curated inventory represents a shift from pure aggregation to facilitated transactions. The integration of VAYA AI suggests a focus on improving match efficiency, potentially increasing conversion rates for both parties without significant incremental marketing spend, given the organic traffic dominance.

About the Companies

CarTrade Tech Limited is one of the world's largest digital automotive ecosystems. Its platforms include CarWale, BikeWale, Shriram Automall, and OLX India. The company operates an asset-light platform model with a nationwide network spanning over 500 physical locations. Its remarketing platforms facilitate the auction of over 1.5 million vehicles annually.

Spinny is a full-stack used-car platform focused on transparency and convenience. It offers a curated selection of quality-assured used cars and manages the customer journey through its own infrastructure, including Spinny Parks and Spinny Hubs.

Cartrade Tech has scheduled a conference call with analysts and investors to discuss its unaudited financial results for the quarter ended June 30, 2026. The meeting, which will cover both standalone and consolidated performance for Q1 FY27, is set to take place on July 29, 2026, at 12:30 PM IST. The disclosure was made to the stock exchanges in compliance with Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Management Participation

The discussion will be led by the company's senior leadership team. Participants include Mr. Vinay Vinod Sanghi, Chairman and Managing Director; Ms. Aneesha Bhandary, Executive Director and CFO; and Mr. Varun Sanghi, Chief Strategy Officer. Their presence will provide insights into the financial performance and strategic direction of the company during the quarter.

Access Details

Interested participants can join the conference call using the universal dial-in numbers provided by the company. For those dialing within India, the numbers are +91 22 6280 1550 and +91 22 7115 8378. International toll-free access has also been arranged for various regions to facilitate global investor participation.

International Dial-in Numbers

The company has advised participants to pre-register for the call using the provided link to avoid wait time. Queries regarding the event can be directed to MUFG Intime India Private Limited, the firm handling the RSVP process.