CarTrade Tech Celebrates Strong Festive Season Performance in October 2024

CarTrade Tech Limited, a leading automotive platform, announced an outstanding performance during the Diwali-Dussehra festive period from its Consumer Group (CarWale and BikeWale), achieving an all-time highs in October 2024.

Reflecting on this success, the consumer group expects to report an impressive 30% year-over-year (YoY) revenue growth for the third quarter. Monthly unique customers in October 2024 for the Consumer Group platforms surged by 36% YoY, marking a substantial increase in consumer engagement and traffic.

Banwari Lal Sharma, CEO of Consumer Group said, "This festive season has been excellent for CarWale and BikeWale. Our platforms have seen unprecedented consumer interest, resulting in record revenues and traffic growth. This performance is a testament to our dedication and commitment of delivering value to consumers and partners alike. We are excited about our growth trajectory and remain focused on further enhancing our offerings to meet the evolving needs of the automotive market."

CarTrade Tech continues to be a significant player in India's automotive ecosystem, and this success during the festive season underscores its role as a go-to destination for automotive consumers and sellers.

Shares of CarTrade Tech Ltd was last trading in BSE at Rs. 1107.60 as compared to the previous close of Rs. 1086.45. The total number of shares traded during the day was 15595 in over 1621 trades.

The stock hit an intraday high of Rs. 1128.20 and intraday low of 1062.45. The net turnover during the day was Rs. 17164723.00.

Source : Equity Bulls

Keywords

CarTradeTech AutomotivePlatform CarWale Bikeale PerformanceUpdate FestivalSeason