CarTrade & CarDekho in Talks for Merger of Auto Classifieds Units

• CarTrade Tech and CarDekho parent Girnar Software exploring consolidation talks
• Discussions limited to new and used vehicle classifieds, excluding other verticals
• CarTrade reports strong Q2 growth with profit doubling to Rs 64 crore

CarTrade Tech Ltd. has confirmed that it is in early discussions with Girnar Software, the parent company of CarDekho and BikeDekho, to explore a potential consolidation of their automotive classifieds businesses in India. The move could bring together two of the country’s top digital auto marketplaces, strengthening their combined footprint in the competitive online vehicle sector.

In an exchange filing, CarTrade clarified that the talks are focused only on the new and used car and bike classifieds segments, excluding Girnar Software’s financing, insurance, and non-automotive ventures. “At this stage, there is no binding or definitive agreement in relation to the transaction,” the company said, emphasizing that the discussions are still preliminary.

If successful, the deal could reshape India’s digital automotive marketplace, offering a more comprehensive platform for users to buy and sell vehicles online while enhancing customer reach and operational synergies for both firms.

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Meanwhile, CarTrade posted strong financial results for the second quarter of FY25, with its profit more than doubling to Rs 64.08 crore from Rs 30.73 crore a year earlier. Revenue rose 29% year-on-year to Rs 222.14 crore, while EBITDA surged 94% to Rs 63.60 crore, reflecting solid business momentum and improved efficiency.

The potential merger, if finalized, could signal a major step toward consolidation in India’s fast-growing digital automotive ecosystem.

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