NSEPress Release1d ago · 24 Sept 2026, 08:08 am
Press Release
Cartrade Tech Limited · CARTRADE
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CarTrade Tech Limited has partnered with Landmark Cars Limited to create a phygital pre-owned car buying and selling experience for Indian consumers.
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Cartrade Tech Limited has informed the Exchange regarding a press release dated September 24, 2026, titled "Landmark Cars and OLX India Partner to Build India's Leading Phygital Pre-Owned Car Platform".
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Date: September 24, 2026
To, To,
Department of Corporate Services, Listing Department,
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers, Exchange Plaza, Plot No. C/1, G Block
Dalal Street Bandra Kurla Complex, Bandra East,
Mumbai - 400001 Mumbai – 400051
Scrip Code: 543333 Scrip Symbol: CARTRADE
ISIN: INE290S01011
Dear Sir(s)/Madam(s),
Sub: Press Release titled “Landmark Cars and OLX India Partner to Build India's Leading Phygital
Pre-Owned Car Platform”.
Please find enclose herewith the press release titled “Landmark Cars and OLX India Partner to Build India's
Leading Phygital Pre-Owned Car Platform”.
The same is also made available on the website of the Company at https://www.cartradetech.com/
The above is for your information and records.
Yours faithfully
For CarTrade Tech Limited
Lalbahadur Pal
Company Secretary and Compliance officer
Mem. No. A40812
Enclosed: a/a
Landmark Cars and OLX India Partner to Build India's Leading Phygital Pre-Owned Car
Platform
Thursday, September 24, 2026, Mumbai - Landmark Cars Limited (BSE: 543714 | NSE:
LANDMARK), a leading premium automotive retail network in India, and OLX India, part of
CarTrade Tech Limited (BSE:543333| NSE:CARTRADE), 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.
Commenting on this development Mr. Aryaman Thakker, Executive Director, Landmark
Cars Limited said,
“Landmark has built a leadership position in the Indian automotive retail ecosystem, supported by
strong customer relationships, an established dealership network, leading automotive brand
partnerships and extensive after-sales capabilities.
Our objective is to become a prominent player in the pre-owned car industry over time by building
a differentiated offering that is scalable and sustainable, while maintaining financial discipline.
Consumers today increasingly seek the convenience of digital discovery backed by the trust and
confidence of a physical touchpoint. Our association with OLX India brings together complementary
strengths. OLX India’s digital reach, combined with Landmark’s customer trust, inspection rigour,
financing relationships and after-sales capabilities, provides us with an opportunity to address a
much larger customer base.”
Commenting on this development Mr. Varun Sanghi, Chairman, OLX India said,
“OLX India is one of the country’s leading online classifieds platforms, with over 23 million used
car buyers and sellers, annually. Our vision is to make buying, selling and transacting in used
vehicles simpler, more transparent and more efficient by bringing the ecosystem together on a
technology-led platform.
With this partnership, we aim to offer consumers a more trusted, secure and seamless experience across the
entire buying and selling journey. From discovery, pricing and matchmaking to vehicle handover, quality
assurance and after-sales support, the partnership is designed to provide greater transparency, convenience
and confidence at every stage of the transaction.
Landmark brings decades of dealership expertise and a strong physical footprint, while OLX India brings
digital consumer reach, technology, data and market intelligence. Together, we are building a stronger
assurance layer for consumers, combining digital discovery with trusted offline fulfilment and support.”
About Landmark Cars Limited:
Landmark Cars Limited is the leading premium automotive retail business in India with dealerships
for Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA, MG
Motors and Citroën. The company also caters to the commercial vehicle retail business of Ashok
Leyland in India. Company has its presence across the automotive retail value chain, including sales
of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and
facilitation of the sales of third party financial and insurance products.
For more information, please visit - www.grouplandmark.in
About CarTrade Tech Limited:
CarTrade Tech Limited is one of the world’s largest digital automotive ecosystems and India’s
leading online marketplace Company.
Through platforms including CarWale, BikeWale, Shriram Automall and OLX India, the Company
serves over 80 million monthly unique users, with over 95% of its traffic generated organically. Its
consumer marketplaces host more than 63% of India’s online used car listings, while its remarketing
platforms facilitate the auction of over 1.5 million vehicles annually.
With a strong nationwide network spanning over 500 physical locations and a technology-led, asset-
light platform model, CarTrade Tech enables millions of consumers, dealers, OEMs and enterprises
to buy and sell vehicles and other used products with ease, trust and efficiency
Safe Harbour Statement:
Statements in this document relating to future status, events, or circumstances, including but not
limited to statements about plans and objectives, the progress and results of research and
development, potential project characteristics, project potential and target dates for project related
issues are forward-looking statements based on estimates and the anticipated effects of future events
on current and developing circumstances.
Such statements are subject to numerous risks and uncertainties and are not necessarily predictive of
future results. Actual results may differ materially from those anticipated in the forward-looking
statements. The company assumes no obligation to update forward-looking statements to reflect
actual results changed assumptions or other factors.
For More Information, Please Contact:
COMPANY:
CIN: L74900MH2000PLC126237
Email: investor@cartrade.com | T: +912267398888