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USED CAR BIZ
Toyota Kirloskar Motor looks to expand used car biz across key citiesToyota Kirloskar Motor aims to expand its used car business in key cities with the inauguration of the first Toyota Used Car Outlet (TUCO) ...- CarTrade Tech shares jump 7% as Q1 PAT soars 300% YoYThe company received 3.4 crore average monthly unique visitors for Q1 FY24, of which 85% were organic, the company filing claimed. The numb...
- Lexus set to foray into used car biz; roll out first EV in India by 2025Luxury carmaker Lexus is planning to enter the used car business in India as part of a structured pre-owned car programme. The Japanese aut...
- CarTrade Tech shares jump 17% on acquisition of OLX India’s auto businessThe cost of acquisition of Sobek will be for a consideration of Rs 537.43 crore which is to be paid on the completion date of the acquisiti...
- CarTrade Q4 results: Profit at Rs 17.5 crore, revenue grows 19% YoYMulti-channel auto platform CarTrade Tech reported a consolidated net profit of INR17.49 crore ($2.3m) for Q4 FY23. This compares with a ne...
- 'Used car biz may more than double in 5 years'According to Sanghi, who is also the company's chief executive, consumer behaviour has altered significantly since the outbreak of the pand...
- CarTrade Tech to invest $100 million, eyes new acquisitions to accelerate growthIn a bid to further strengthen its position as a leading automotive platform in India the group wants to strengthen itself by acquiring and...
- You might not be able to recover your investment in CarTrade even after a yearGoing by the views of the first analyst to start coverage on the stock, you might not recover your investment even after a year.
- ETtech Deals Digest: Cars24, Delhivery raise funds this weekOnline used car marketplace Cars24 and logistics startup Delhivery were among the companies that raised funds this week.
- CarTrade launches one-stop services platform to buy, sell pre-owned carsCarWale abSure showrooms are getting launched across nine cities -- Mumbai, Bangalore, Surat, Kanpur, Noida, Chennai, Bhopal, Kolkata and A...
- CarTrade Tech lists at 1% discount to issue priceAnalysts were largely expecting an 8-15 per cent listing gain for the stock.
- CarTrade Tech IPO allotment status: Here's how to check itThe issue, which was sold in Rs 1,585-1,618 price band, was subscribed 20.29 times on the closing day of the subscription on Wednesday.
- ‘Exorbitantly’ priced CarTrade IPO still has a dozen ‘subscribe’ callsThe owner of platforms such as CarWale, CarTrade, BikeWale and AutoBiz has a dozen brokerages recommending ‘subscribe’ ratings to the ‘exor...
- CarTrade mobilises Rs 900 cr from anchor investors ahead of IPOThe initial share-sale will be entirely an offer for sale (OFS) of 18,532,216 equity shares.
- CarTrade Tech IPO to open on August 9; price band fixed at Rs 1,585-1,618The public issue of up to 1,85,32,216 equity shares is a complete offer for sale (OFS) by existing selling shareholders and the company wil...
- For CarTrade, fortune lies in solving financing woesIn a market that does not inspire much confidence in financiers or buyers, the company has launched a certification service to provide qual...
- March Capital Partners makes final close of maiden fund at $240 millionSumant Mandal, partner at March Capital Partners said that the investment firm will continue to explore investment opportunities in Asia’s ...
- Used-car loans get cheaper as biz gets organisedAs used-car business gets more organised, loans have become cheaper. Interest rates have fallen by around 2% to about 15.5% as the asset qu...
- Auto finance majors tighten purse stringsThe demand derail in auto industry is prompting big boys of auto financing to cut back their exposure in market. Tips for car buyers | Moto...
- Auto loan rates to rise 50-100 bps this weekFollowing the CRR and repo rate hike by RBI, top auto financiers have decided to raise interest rates on loans. Tips for car buyers | Mazda...
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