CarTrade Tech Ltd witnessed a sharp decline of nearly 2% in early trading after the company announced that it will no longer pursue the potential acquisition of CarDekho and BikeDekho. The development marks a pause in what was anticipated to be a major consolidation within India’s online automotive classifieds sector.
The company had earlier disclosed on November 11, 2025, that it was in preliminary discussions with Girnar Software Pvt Ltd to explore the possibility of combining their automotive classifieds businesses. However, in its latest statement, CarTrade Tech stated that both parties have mutually decided not to proceed with the transaction at this stage.
The proposed deal had generated considerable interest, given the potential scale and synergies it could have created across India’s digital auto marketplace ecosystem. The withdrawal from discussions has triggered short-term investor concern, reflected in the stock’s immediate reaction.
CarTrade Tech, however, maintained a positive outlook on its core operations. The company reaffirmed its strategic focus on strengthening and expanding its existing portfolio, which includes leading platforms such as CarWale, BikeWale, OLX India and Shriram Automall. According to management, these businesses continue to operate within a large and rapidly growing total addressable market, supported by strong industry fundamentals.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
