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Landmark Cars and OLX India, part of CarTrade Tech, today announced a strategic partnership to create an integrated “phygital” (physical + digital) pre-owned car buying and selling experience for Indian consumers.
Under the terms of the partnership, Landmark will integrate its network of over 140 vehicle retail and service touchpoints across 12 states, having served over 500,000 customers since inception with OLX India's online automotive platform, which has more than 23 million consumers buying or selling used cars annually.
The alliance is designed to address one of the most persistent pain points in India's pre-owned car market: the trust deficit between digital convenience and physical assurance. The platform aims to offer customers a single journey spanning online discovery, in-person inspection and test drives, financing, registration transfer, and post-sale servicing and warranty support.
The partnership will be rolled out in phases, beginning with select key cities and expanding Pan-India upon achieving the requisite performance metrics. Under the arrangement, OLX India will lead the end-to-end online customer experience, including customer discovery and digital engagement, while leveraging its proprietary VAYA AI for pricing intelligence, buyer-seller matchmaking, car condition intelligence and market insights. Landmark outlets will operate as physical “Experience Centres” for vehicle inspection & handover, with vehicles acquired and sold on a revenue sharing basis, and under a co-branded proposition, supported by quality certification and after-sales service offerings.
Revenue from operations stood at Rs 201.16 crore in the quarter ended 30 June 2026, down 0.97% QoQ but up 16.25% YoY.
EBITDA stood at Rs 63 crore in Q1 FY27, up 45% YoY. EBITDA margin improved to 31% during the quarter.
Segment-wise, consumer group revenue rose 17.67% YoY to Rs 78.11 crore in Q1 FY27, while remarketing business revenue grew 13.18% to Rs 67.23 crore. Classifieds revenue increased 29.16% YoY to Rs 62.18 crore.
CarTrade Tech operates a digital marketplace ecosystem comprising platforms such as CarWale, BikeWale, CarTrade, OLX India, Shriram Automall and CarTrade Exchange.
Senco Gold Ltd, Tourism Finance Corporation of India Ltd, Sagility Ltd and Latent View Analytics Ltd are among the other gainers in the BSE's 'A' group today, 27 July 2026.
Cartrade Tech Ltd spiked 11.11% to Rs 2949.95 at 11:46 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 54623 shares were traded on the counter so far as against the average daily volumes of 33162 shares in the past one month.
Senco Gold Ltd soared 8.45% to Rs 415.3. The stock was the second biggest gainer in 'A' group. On the BSE, 7.7 lakh shares were traded on the counter so far as against the average daily volumes of 1.41 lakh shares in the past one month.
Tourism Finance Corporation of India Ltd surged 7.61% to Rs 93.85. The stock was the third biggest gainer in 'A' group. On the BSE, 22.17 lakh shares were traded on the counter so far as against the average daily volumes of 8.55 lakh shares in the past one month.
Sagility Ltd rose 7.27% to Rs 43.4. The stock was the fourth biggest gainer in 'A' group. On the BSE, 49.23 lakh shares were traded on the counter so far as against the average daily volumes of 15.16 lakh shares in the past one month.
Latent View Analytics Ltd jumped 7.18% to Rs 317.2. The stock was the fifth biggest gainer in 'A' group. On the BSE, 1.18 lakh shares were traded on the counter so far as against the average daily volumes of 88535 shares in the past one month.
The stock touched an intraday high of Rs 2,846 on the BSE, tracking strong buying interest following the brokerage’s positive commentary on the company’s growth prospects.
According to the brokerage, CarTrade Tech’s outlook remains supported by improving monetisation of its OLX platform, expansion of new revenue streams, and sustained margin expansion. It also highlighted emerging growth drivers such as artificial intelligence-led monetisation, used-car financing, and expansion into services like escrow and logistics.
The brokerage raised its earnings estimates and lifted its target price to Rs 3,286 from Rs 2,740, implying an upside of around 22% from current levels.
It also noted that OLX continues to benefit from strong user engagement and a dominant position in used-car listings, providing scope for further revenue growth as premium and value-added services gain traction.
CarTrade Tech have remained volatile but strong over the past year, reflecting continued investor interest in India’s online auto classifieds and digital vehicle marketplace space.
CarTrade Tech operates a digital marketplace ecosystem comprising platforms such as CarWale, BikeWale, CarTrade, OLX India, Shriram Automall and CarTrade Exchange. On a consolidated basis, its profit after tax jumped 53.6% YoY and 15.2% QoQ to Rs 70.85 crore in Q4 FY26. Revenue from operations stood at Rs 203.14 crore in Q4 FY26, up 19.8% YoY but down 3.1% QoQ.
Cartrade Tech Ltd, The Anup Engineering Ltd, Kirloskar Pneumatic Company Ltd and Lloyds Engineering Works Ltd are among the other gainers in the BSE's 'A' group today, 17 June 2026.
IDBI Bank Ltd spiked 18.16% to Rs 91.14 at 11:47 IST. The stock was the biggest gainer in the BSE's 'A' group. On the BSE, 63.43 lakh shares were traded on the counter so far as against the average daily volumes of 5.94 lakh shares in the past one month.
Cartrade Tech Ltd surged 11.06% to Rs 2640.6. The stock was the second biggest gainer in 'A' group. On the BSE, 4.03 lakh shares were traded on the counter so far as against the average daily volumes of 1 lakh shares in the past one month.
The Anup Engineering Ltd soared 9.30% to Rs 2150. The stock was the third biggest gainer in 'A' group. On the BSE, 15692 shares were traded on the counter so far as against the average daily volumes of 2276 shares in the past one month.
Kirloskar Pneumatic Company Ltd advanced 9.02% to Rs 1795. The stock was the fourth biggest gainer in 'A' group. On the BSE, 45446 shares were traded on the counter so far as against the average daily volumes of 7952 shares in the past one month.
Lloyds Engineering Works Ltd rose 8.61% to Rs 86.89. The stock was the fifth biggest gainer in 'A' group. On the BSE, 56.84 lakh shares were traded on the counter so far as against the average daily volumes of 8.34 lakh shares in the past one month.
The platform is designed to serve every used-car transaction B2C, C2B, C2C and financing, to enable consumers, dealers, enterprises, lenders and service partners across the used-car value chain. It has also launched SuperDost, which has built agents like matchmaking, pricing, condition check etc. for used car customers.
The company said that India’s used-car market is entering a structural growth phase. The market has already crossed approximately 5.9 million annual transactions and is projected to approach 9.5–10 million transactions by 2030. At an estimated average transaction value of approximately Rs 5–6 lakh per used car, this represents a current GMV pool of over Rs 3 lakh crore, with the potential to scale to approximately Rs 5–6 lakh crore by 2030, as volumes grow, ownership cycles shorten and vehicle mix premiumises.
The group also engages with approximately 3 million used-car sellers and 20 million used-car buyers annually across its platforms. Through CarTrade Used Auto, the company aims facilitate approximately 2 million used-car transactions annually across C2C, B2C and C2B segments, representing a potential transaction value of approximately Rs 1.2 lakh crore per annum.
In addition, CarTrade Used Auto Finance is developing a digital marketplace for customers to get a used car loan in a simple easy manner. The platform will offer multiple financing options to its millions of customers. It is looking to create all of this in an asset light manner with tie-ups with leading banks and NBFCs.
Aneesha Bhandary, executive director and CFO, said: “Used cars are one of India’s largest consumer transaction opportunities, but the journey remains fragmented across discovery, trust, pricing, finance, documentation and ownership transfer. With CarTrade Used Auto, we are creating one platform for buy, sell and exchange of used cars. By bringing together the strengths of CarWale and OLX India, we believe we are uniquely positioned to organise and enable the used-car transaction journey across consumers, dealers, enterprises and lenders. Our strategy is to build technology-led transaction infrastructure, unlock finance and retail enablement, and remain asset-light.”
CarTrade Tech announced the launch of CarTrade Used Auto, to build the used-car ecosystem in India across the full transaction journey of Buy, Sell , Exchange and Finance.
CarTrade Used Auto brings together the strengths of CarWale and OLX India to create a unified, technology-led and asset-light platform for India's used-car ecosystem. The platform is designed to serve every used-car transaction B2C, C2B, C2C and financing, to enable consumers, dealers, enterprises, lenders and service partners across the used-car value chain. It has also launched SuperDost, which has built agents like Matchmaking, Pricing, Condition check etc. for used car customers.