CarTrade Tech has signed a partnership with Cholamandalam Investment and Finance Company (Chola) to offer used car financing.

The Murugappa Group's financial services provider, Chola, will be the preferred financier for customers purchasing used cars or vehicles from CarWale abSure's dealers of CarTrade Tech. Chola will adapt its products and offers to customer needs.

This partnership aims to make mobility accessible to every middle class Indian. The deal will drive growth in the used car market, which is expected to grow at a compound annual growth rate (CAGR) of at least 11% over the next five years.