CarTrade Tech Limited (NSE: CARTRADE | BSE: 543333), a leading player in India's digital automotive ecosystem, has announced a significant milestone in its user engagement. The company's Consumer Group platforms, CarWale and BikeWale, have collectively reached a record-breaking 57 million monthly active users (MAUs) in September 2025.

Key Highlights

• Traffic Milestone: CarWale and BikeWale platforms combined have achieved 57 million monthly active users.
• Revenue Growth: The Consumer Group reported an impressive 32-35% year-on-year revenue growth in Q2 FY26.
• Market Factors: The festive period and GST reduction have contributed to strengthened consumer sentiment.

Financial Impact

The surge in user traffic has translated into robust financial performance for CarTrade Tech. The company's Consumer Group has delivered approximately 32-35% year-on-year revenue growth in the second quarter of the fiscal year 2026. This growth underscores the increasing popularity and trust in CarTrade Tech's digital platforms among Indian consumers.

Market Sentiment

Banwari Lal Sharma, CEO of the Consumer Group at CarTrade Tech, attributed this growth to several factors:

1. Strong consumer sentiment in the automotive sector
2. The ongoing festive season
3. Recent GST reductions

Sharma emphasized that the automobile sector continues to be a significant contributor to India's GDP, reflecting the broader confidence in the country's economy.

Strategic Focus

As CarTrade Tech expands into new categories, the company maintains its focus on:

• Innovation
• Enhancing customer experience
• Creating long-term value for all stakeholders

Market Position

This achievement reinforces CarTrade Tech's position as a key player in India's digital automotive marketplace. The company's platforms serve as vital resources for consumers researching and purchasing vehicles, offering a comprehensive ecosystem for automotive information and transactions.

The record-breaking user engagement on CarWale and BikeWale platforms signals a positive trend in the Indian automotive market, suggesting increased consumer interest and activity in both the car and motorcycle segments.

As the digital transformation of the automotive industry continues, CarTrade Tech's milestone highlights the growing importance of online platforms in the vehicle purchase journey for Indian consumers.

Goldman Sachs Asset Management International (GSAMI) has significantly reduced its shareholding in CarTrade Tech , a move that has altered its status as a substantial shareholder in the company. This development comes as part of a series of transactions that have reshaped GSAMI's position in the Indian online auto marketplace.

Stake Reduction Details

GSAMI executed a block trade on the National Stock Exchange, selling 1,187,622 equity shares, representing 2.501% of CarTrade Tech's share capital. This transaction has brought GSAMI's total shareholding down to 2,207,989 shares, or 4.650% of the company's equity.

Shareholding Breakdown

The following table illustrates the change in GSAMI's shareholding structure:

Impact on Shareholder Status

As a result of this transaction, Goldman Sachs Asset Management International and its persons acting in concert (PACs) have ceased to be substantial shareholders of CarTrade Tech. This change in status is significant as it alters the company's ownership structure and may have implications for its governance and decision-making processes.

Company Share Capital

CarTrade Tech's total equity share capital stands at 47,479,035 shares, valued at Rs. 474,790,350. This figure reflects an increase from the previous share count of 47,209,085, indicating that the company has issued additional shares recently.

Market Implications

While the reasons behind Goldman Sachs' decision to reduce its stake have not been disclosed, such moves by major institutional investors are often closely watched by market participants. The transaction may prompt other investors to reassess their positions in CarTrade Tech and could potentially impact the stock's trading patterns in the short term.

As CarTrade Tech continues to navigate the dynamic online auto marketplace sector in India, changes in its shareholder composition may influence its strategic direction and market perception. Investors and market analysts will likely be keen to observe any further developments in the company's ownership structure and its potential effects on CarTrade Tech's business operations and market performance.