CarTrade partners with Chola to finance used vehicles purchase

25 May 2022 CW Team

CarTrade Tech has signed a partnership with Cholamandalam Investment and Finance Company (Chola) to offer to finance for used cars.

The financial services arm of the Murugappa Group, Chola, will be the preferred financier for customers buying used cars or vehicles from CarWale abSure’s dealers of CarTrade Tech. Chola will customise its products and offerings as per the customer's needs.

This partnership aims to make mobility accessible to every middle-class Indian. The deal will push the growth of the used car market, which is expected to grow at a compound annual growth rate (CAGR) of a minimum of 11% in the next five years.

CEO of CarTrade Tech, Banwari Lal Sharma, said that this partnership between CarWale abSure and Chola is beneficial to the customers of both companies as the main goal is to provide seamless financing for used cars. With Chola’s legacy in the market, the companies will be able to ease the long and paperwork-intensive vehicle purchase cycle in the country.

CarWale provides a used pool of cars for the customers to choose from through advanced filters and sort options. When a customer is interested in a used car, CarWale connects them to the right dealers, assisting them in their car-buying process.

Image Source

Also read: CarTrade to raise Rs 2,000 cr through IPO

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..