Multi-channel auto platform CarTrade Tech has announced the rollout of its multi-agent AI ecosystem, a transformative technology initiative that will be deployed across its platforms over the coming months. The initiative is aimed at enhancing customer experience while accelerating margin expansion across the business.
The announcement follows the company’s strongest quarterly performance to date, with record revenue of ₹228 crore and a best-in-class EBITDA margin of 37% in Q3 FY26. Building on this strong operating momentum, the company has outlined the core strategic levers that will drive its next phase of margin expansion and market leadership.
Each of its key platforms, CarWale, BikeWale and OLX India, attracts over 150 million users annually, with nearly 95% of traffic generated organically. This reflects high levels of brand trust, platform stickiness, and sustained consumer engagement. User traffic continues to grow steadily on a month-on-month basis, reinforcing network effects across the ecosystem. The company’s scale advantage is further strengthened by more than a decade of proprietary data.
While its consumer, remarketing and classifieds businesses remain fundamentally strong, the company said its strategic focus is now on compounding this advantage through accelerated technological innovation. “Over the coming months, we will launch a series of specialised AI agents designed to deliver a more differentiated and intelligent experience across all our platforms. By activating our data strengths through these AI capabilities, we aim to enhance transaction efficiency, improve customer outcomes, and deepen engagement across customer segments,” the company said.
As part of this initiative, CarTrade Tech is deploying a fleet of specialised AI agents across its core platforms. The multi-agent ecosystem is designed to fundamentally transform the vehicle and used-products marketplace by embedding intelligence at scale.
Commenting on the development, CMD Vinay Sanghi said, “We are uniquely positioned to deploy a multi-agent AI ecosystem that delivers a truly differentiated and enhanced experience for all customers. India’s auto and used-products marketplace is ready for intelligence at scale. With over 150 million annual users across our platforms and deep proprietary data built over the last decade, we are activating our data moat to fundamentally transform how vehicles and used products are bought and sold in India.”
On the financial front, consolidated revenue has grown at a CAGR of 32% over the past three years, with consolidated total income reaching an annualised run rate of approximately ₹1,000 crore in Q3 FY26. Profit after tax has expanded at a CAGR of 83% over the same period, rising from ₹40 crore in FY23 to about ₹250 crore on an annualised basis in Q3 FY26. EBITDA margins have structurally improved from historical single-digit levels to a record 37% in the latest quarter, with a stable cost structure allowing incremental revenue to flow directly to the bottom line.
The company also maintains a strong and highly liquid balance sheet, with over ₹1,145 crore in cash and minimal capital expenditure requirements. CarTrade Tech said it continues to evaluate strategic inorganic opportunities aligned with its long-term growth vision.