GST Reduction Boosts Auto Demand: CarTrade Tech Ltd Announces 25% Surge in Consumer Traffic

CarTrade Tech Ltd, India’s leading digital marketplace for automobiles and used products, announced that the government’s recent reduction of GST on passenger vehicles, two-wheelers, and used vehicles is expected to significantly enhance affordability, uplift consumer sentiment, and accelerate transaction volumes across both new and used categories. The company’s consumer platforms, CarWale and BikeWale, have witnessed a surge of over 25% in consumer traffic, triggered by the GST reduction. The combination of this tax reform and the upcoming festive season is likely to further drive industry momentum. Key growth drivers include dealer and OEM participation, festive season demand, and GST-led affordability gains.