·
Innovation
hub focused on AI, product development, data science and digital
transformation.
·
New
unit to power innovation across CarWale, BikeWale, OLX India, Shriram Automall,
and new digital initiatives.
Mumbai,
India, June 27, 2025 : CarTrade Tech Limited announced the launch of
CarTrade Labs, an innovation hub focused on building future technology.
CarTrade
Labs is envisioned as a high-impact initiative that will harness the power of
generative AI, data science, and rapid experimentation to accelerate innovation
and unlock new growth opportunities across CarTrade Tech’s ecosystem including
CarWale, BikeWale, OLX India and Shriram Automall.
The
lab represents a long-term commitment to build world-class technology for the
automotive space and broader commerce ecosystem. From AI-powered dealer
management systems and pricing intelligence engines to intelligent chatbots and
seamless digital retail journeys, CarTrade Labs will focus on building
cutting-edge solutions for consumers, dealers, OEMs, and ecosystem partners.
Structured
as an independent, agile unit within CarTrade Tech, the Lab will bring together
top-tier product strategists, engineers, designers, and data scientists to
rapidly test, iterate, and scale breakthrough ideas. It will work closely with
business verticals to ensure real-world application and measurable impact.
The
Lab will also explore collaborations with external startups, academic
institutions, and global technology providers to lead the next wave of digital
innovation and emerging technologies.
“With CarTrade Labs, we’re laying the
foundation for the next decade of innovation in mobility and commerce. It’s a
platform to reimagine, build, and scale world-class technology that creates
real impact for consumers, dealers, and the ecosystem. It will give us the edge
to continuously reinvent ourselves, build transformative products, and stay at
the forefront of the industry,” said
Varun Sanghi, President, CarTrade Tech.
About CarTrade Tech Limited:
(www.cartradetech.com;
NSE:CARTRADE|BSE:543333)
CarTrade
Tech Limited is India’s largest digital marketplace ecosystem, operating
multiple platforms including CarWale, BikeWale, CarTrade, OLX India, Shriram
Automall, CarTrade Exchange, and Adroit Auto. These platforms empower millions
of users including consumers, dealers, OEMs, and enterprises to buy and sell
vehicles, real estate, electronics, mobile phones, furniture, and more with
ease and efficiency.
With
a strong digital footprint, each of their three platforms (CarWale, BikeWale
and OLX India) crossed 150 million yearly unique visitors with more than 95% of
the traffic being generated organically, and the remarketing business achieved
1.4 Mn listings for auction in FY25.
For
More Information, Please Contact:
COMPANY:
CIN: L74900MH2000PLC126237
Email: investor@cartrade.com
I T: +912267398888
Media contacts: shagufta.sheikh@communicateindia.com
Disha.gupta@communicateindia.com
