FilingReader Intelligence

CarTrade platforms see record traffic amid festive season, GST cut

September 23, 2025 at 07:09 AM UTCBy FilingReader AI

CarTrade Tech Limited announced that its consumer platforms, CarWale and BikeWale, recorded their highest-ever single-day traffic on September 22, 2025. This surge in activity resulted in a 74% increase in traffic compared to the first day of Navratri in the previous year and a 60% rise over the August 2025 daily average.

The company attributes this extraordinary spike to the combined impact of festive season demand and a recent GST rate cut, which has enhanced vehicle affordability and boosted consumer sentiment across the automobile sector. The milestone reflects the trust millions of Indians place in CarWale and BikeWale for researching and purchasing vehicles.

Banwari Lal Sharma, chief executive of the consumer group at CarTrade Tech, stated that September 22, 2025, was a landmark day for their platforms, with festive excitement and GST-led affordability fueling unprecedented consumer engagement.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:CARTRADEBombay Stock Exchange

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