CarTrade, CarDekho Call Off $1.2 Billion Deal Talks

CarTrade and CarDekho have mutually ended discussions on a proposed $1.2 billion acquisition. CarTrade said it will now focus on scaling CarWale, BikeWale, OLX India and Shriram Automall, while continuing to explore strategic opportunities. The cancelled deal halts what could have been a major consolidation move in India’s auto-tech sector.