CarTrade partners with Chola to finance used vehicles purchase
ROADS & HIGHWAYS

CarTrade partners with Chola to finance used vehicles purchase

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

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

Next Story
Infrastructure Urban

BorgWarner extends transfer case business with North American OEM

BorgWarner, a global product leader in delivering innovative and sustainable mobility solutions, is furthering its business with a major North American OEM by securing extensions on two transfer case contracts for upcoming vehicle launches with new platform requirements. BorgWarner will supply two types of transfer cases, including its active Electro-Mechanical On-Demand 2-Speed (EMOD) and a part-time Electric Shift-on-the-Fly 2-Speed (ESOF) transfer case. Two of the OEM’s combustion and hybrid passenger truck platforms will be equipped with the EMOD and ESOF, while an additional passenger t..

Next Story
Infrastructure Transport

CII partners with Hunch Mobility for Urban Air Mobility Expo 2025

The Confederation of Indian Industry (CII) has announced its partnership with Hunch Mobility to host the upcoming Urban Air Mobility Expo 2025. This significant event aims to showcase advancements in urban air mobility, a rapidly evolving sector that promises to revolutionize urban transportation. Scheduled for 2025, the expo will serve as a platform for industry leaders, innovators, and policymakers to converge and discuss the future of air transport within urban environments. Key topics will include technological innovations, regulatory frameworks, and infrastructure development necessary f..

Next Story
Infrastructure Urban

HCL Tech opens first delivery centre in Kochi

HCL Technologies has officially inaugurated its first delivery centre in Kochi, marking a significant expansion in its operational footprint in India. This new facility aims to enhance the company’s capabilities in delivering a wide range of technology services to its clients. The Kochi delivery centre will focus on various areas, including software development, IT services, and digital solutions, contributing to HCL's commitment to driving innovation and improving service delivery. With this initiative, HCL Tech aims to tap into the region's growing pool of skilled talent, particularly in ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000