CarTrade Tech shares are likely to draw attention in today’s trade after the company announced that it is no longer pursuing its potential acquisition of CarDekho and BikeDekho. This update follows the company’s earlier announcement on November 11, 2025, when it disclosed that it was in preliminary talks with Girnar Software Private Limited to explore a possible consolidation of their automotive classifieds businesses in India.
According to the latest statement, both companies have mutually agreed to step back from the deal for now. CarTrade Tech noted that the proposed transaction is not moving forward at this stage, signalling a pause in what could have been one of the larger consolidation moves in India’s online auto marketplace space.
Despite the cancellation, CarTrade Tech emphasized that its core business remains strong. The company said it is fully focused on expanding and strengthening its existing platforms, which include CarWale, BikeWale, OLX India, and Shriram Automall. Management believes these businesses operate in a large and growing total addressable market, supported by solid fundamentals and ample opportunities for long-term growth.
CarTrade Tech added that it will continue to follow its strategic roadmap, invest in product and technology innovation, and build value across its diversified ecosystem. The company also reiterated that it remains open to evaluating strategic opportunities as part of its routine business activities. Any developments that require disclosure under SEBI’s Listing Regulations will be shared with the stock exchanges as required.
