Shares of CarTrade Tech Ltd. gained as much as 3% on Tuesday, September 23, after the company reported record traffic on its consumer platforms CarWale and BikeWale during Navratri.CarTrade Tech announced that both platforms registered their highest-ever single-day traffic on September 22. Traffic surged 74% compared with the first day of Navratri last year and was up 60% over the August 2025 daily average.
The company said the sharp rise reflected the combined boost from festive season demand and the recent Goods and Services Tax (GST) rate cut, which has improved affordability and lifted consumer sentiment across the automobile sector.
“Yesterday was a landmark day for our platforms. The festive excitement, amplified by GST-led affordability, has fueled unprecedented consumer activity. This milestone underscores the trust that millions of Indians place in CarWale and BikeWale when researching and purchasing vehicles,” said Banwari Lal Sharma, Chief Executive Officer – Consumer Group, CarTrade Tech.
