CarTrade Tech - An analysis of company's plan to acquire and invest in new companies in auto space!
This video is in Hindi and covers the following topics:
CarTrade Tech – Automotive space में ~₹ 750 Crore Invest करके नयी companies acquire करने की कोशिश करेगा
Car Trade platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange Adroit Auto and AutoBiz.
The platform gets 34 million average monthly unique visitors and based on Q2FY22 annualized numbers lists 1.2 mn vehicles for auction.
Through these platforms, company enables new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner.
Company’s vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
Car Trade platforms operate under several brands: CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange Adroit Auto and AutoBiz.
The platform gets 34 million average monthly unique visitors and based on Q2FY22 annualized numbers lists 1.2 mn vehicles for auction.
Through these platforms, company enables new and used automobile customers, vehicle dealerships, vehicle OEMs and other businesses to buy and sell their vehicles in a simple and efficient manner.
Company’s vision is to create an automotive digital ecosystem which connects automobile customers, OEMs, dealers, banks, insurance companies and other stakeholders.
The company raised Rs 2,999 crore from the market during its IPO. On market debut in August, shares of CarTrade Tech closed with a discount of nearly 8 per cent against its issue price of Rs 1,618.
Citi Research initiated coverage on CarTrade Tech Ltd. with a ‘buy’, betting on cheap valuation
The company is well positioned to capitalise on the digitisation of India’s automotive ecosystemCiti has set the price target on CarTrade Tech at Rs 1,130 (On the higher side 1570 and lower side 727)
Offline drawbacks
Ad spends
Risks:
The continued outbreak of Covid-19 could lead to fresh decline in demand for personal mobility owing to work-from-home arrangements.
Competition from well-funded rivals in the used-car space.
Any negative publicity such as sale of stolen cars on the platform, data breaches, or failure to provide quality customer experience could reduce confidence.
