India, Sept. 10 -- CarTrade Tech Limited, one of India's leading digital marketplaces for automobiles and used products, said the government's recent reduction in GST on passenger vehicles, two-wheelers, and used vehicles is set to significantly improve affordability, lift consumer sentiment, and accelerate transaction volumes across both new and used segments. Early industry trends already reflect this positive shift.
The company reported that its consumer platforms, CarWale and BikeWale, have witnessed over a 25% increase in consumer traffic following the GST reduction. With the festive season approaching, CarTrade Tech expects demand momentum to strengthen further.
According to the company, key growth drivers include:
Increased partic...