CarTrade Tech in Advanced Talks with Girnar Software for Strategic Consolidation in Auto Classifieds

CarTrade Tech Limited, a major player in India’s auto-tech ecosystem, has confirmed ongoing discussions with Girnar Software Pvt. Ltd. for potential consolidation in the automotive classifieds sector. This prospective move aims to combine CarTrade’s platforms like CarWale, BikeWale, and OLX India with Girnar’s consumer brands CarDekho and BikeDekho.

The discussions are limited strictly to the automotive classifieds businesses and exclude financing, insurance, or other non-automotive verticals. Both companies are exploring ways to create a more integrated and competitive auto marketplace, capitalizing on their complementary strengths in vehicle listings, dealer auctions, and remarketing.

While due diligence and negotiations are advancing, CarTrade has clarified that no binding or definitive agreement has yet been executed. The company remains committed to corporate governance and will disclose further details if and when agreements are finalized in accordance with regulatory norms.

This consolidation could reshape India’s auto-tech landscape, creating a dominant player capable of intensifying competition against rivals like Cars24, Spinny, and Droom.

Key Highlights:

Discussions underway between CarTrade Tech and Girnar Software on consolidating automotive classifieds​

Focus limited to auto listings; financing and insurance businesses excluded​

No binding agreement or definitive contract executed at this stage​

Potential to create a formidable auto marketplace combining consumer and dealer platforms​

CarTrade posted strong Q2 FY26 results with 29% revenue growth and doubled net profit​

The merger could intensify competition in India’s growing digital auto-tech sector​

Sources: NSE India Filings, Moneycontrol, CNBC TV18, ScanX Trade, Company Disclosures