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

Infrastructure Urban

06 Nov 2025

Concord Control Systems Limited Reports ~85% YoY Growth in H1 FY26

Concord Control Systems Limited (BSE: CNCRD | 543619), India’s leading manufacturer of embedded electronic systems and critical electronic solutions, announced its unaudited financial results for the half year ended September 30, 2025.Financial Highlights – H1 FY26 (YoY Comparison)Revenue from Operations rose to ₹815.45 million, up from ₹497.53 million in H1 FY25, marking a 63.90% year-on-year growth.EBITDA increased to ₹217.34 million, compared to ₹142 million in the same period last year.EBITDA Margin stood at 26.65%, compared to 28.54% in H1 FY25, with the decline attributed to ..

Gateway Distriparks Announces Q2 FY25 Results

Gateway Distriparks Limited (GDL), one of India’s leading multimodal logistics providers, announced its financial results for the quarter ended 30 September 2025.For Q2, the company reported total revenue of INR 154.8 crore (H1: INR 316.9 crore), EBITDA of INR 20.56 crore (H1: INR 45.65 crore), PBT of INR –4.23 crore (H1: INR –0.28 crore), and PAT of INR –2.91 crore (H1: INR –0.37 crore). The company stated that these numbers reflect the consolidation of accounts following Snowman Logistics transitioning from an associate company to a subsidiary in December 2024.Commenting on the per..

Last-Mile Connectivity a Prime Focus, Says Ms. Ashwini Bhide,

The IMC Chamber of Commerce and Industry (IMC) hosted a high-impact Managing Committee session today on the theme “Mumbai Metro: Transforming Connectivity and Commuting.” The session featured an insightful address by Ms. Ashwini Bhide, Managing Director, Mumbai Metro Rail Corporation Ltd. (MMRCL), who shared updates on key transport infrastructure developments across Mumbai and the MMR region.Emphasising the city’s critical economic role, Ms. Bhide noted, “Mumbai is the economic powerhouse of Maharashtra, with more than 95% of the region’s population living in urban areas. As Maharas..