CarTrade Tech 's OLX India has partnered with IDFC FIRST Bank to launch a used-car loan offering designed to make ownership more affordable and accessible. The collaboration aims to embed finance directly into the used-car discovery journey, addressing a critical gap in converting purchase intent into completed transactions. This strategic move targets India's growing used-car market, which currently sees nearly 5.9 million annual transactions and is projected to approach 9.5 million by 2030, representing a significant transaction opportunity.

The partnership leverages OLX India's extensive user base, engaging approximately 3 million sellers and 20 million buyers annually. By combining this reach with IDFC FIRST Bank's vehicle financing capabilities, the companies intend to offer a differentiated loan proposition. The digital-led process is designed to reduce traditional friction, enabling users to evaluate affordability faster and make informed decisions with greater confidence.

CarTrade Tech's consumer marketplaces host more than 63% of India's online used-car listings, positioning OLX India to facilitate growth in the ecosystem. The company operates a technology-led, asset-light model, serving over 80 million monthly unique users through platforms including CarWale, BikeWale, Shriram Automall and OLX India.

Market Opportunity and Strategic Fit

The used-car market is driven by rising demand for affordable mobility and increasing digital discovery. Despite the scale, access to transparent financing remains a key enabler for transactions. The new offering is aligned with CarTrade Tech's strategy to enable discovery, trust, affordability and transactions across the used-vehicle market.

Key Metrics and Partnership Benefits

The following table highlights the key metrics underpinning the partnership's scale and market potential:

The partnership benefits include capturing high-intent buyers at the point of decision and improving purchase confidence through a scalable, partner-led model. Diya Sanghi, President - Corporate Finance at CarTrade Tech, stated that the initiative marks an important step in the journey from discovery to transaction enablement. Mr. Rishi Kant Mishra of IDFC FIRST Bank highlighted the seamless onboarding journey crafted for OLX India customers, emphasizing the bank's focus on fulfilling affordability needs with speed.

Cartrade Tech Limited has scheduled a virtual investor and analyst meet for June 30, 2026, to facilitate interaction with its senior management team. The event will take place from 12:00 PM to 1:00 PM IST and will be conducted exclusively in a virtual format. This meeting provides a platform for analysts and institutional investors to engage directly with the company's leadership regarding its operations and strategy.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that no unpublished price sensitive information (UPSI) will be discussed during the session. The invite and registration details for the event have been enclosed with the regulatory filing.

Key management representatives participating in the meet include Mr. Vinay Sanghi, Chairman and Managing Director, and Ms. Aneesha Bhandary, Executive Director and CFO. Their presence aims to provide attendees with insights into the company's performance and future outlook.

Interested participants are required to register for the webinar through the designated link provided by the company. Queries regarding registration can be directed to the designated contacts, Mr. Aryan Sumra and Mr. Nikunj Jain.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE290S01011/e834b814feb14e0e.pdf