CarTrade Tech ties up with Chola for financing used vehicle purchases

CarTrade Tech, a platform to sell and buy automobiles, has entered into a partnership with Cholamandalam Investment and Finance Company (Chola) to offer financing for used cars.

Chola, the financial services arm of the Murugappa Group, will be the preferred financier for customers purchasing used vehicles from CarTrade Tech’s CarWale abSure’s dealers. Chola will customise its products and offerings to suit the needs of these customers. This collaboration between Chola and CarWale abSure is expected to make mobility accessible to the middle-class Indian. The deal will propel the growth of the used car market which is expected to grow at a