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Festive wheels turn faster as car platform hits record traffic
MUMBAI: CarTrade Tech’s consumer platforms struck gold yesterday, recording their highest-ever single-day traffic as Indians hunt for festival bargains on wheels. The company told the Bombay stock exchange that CarWale and BikeWale saw visitor numbers rocket by 74 per cent compared with the first day of Navratri last year, and 60 per cent above August’s daily average.
The surge points to renewed vigour in India’s car market, helped along by recent GST rate cuts that have made vehicles more affordable. For a sector that has endured sluggish demand, the spike offers a tantalising glimpse of better times ahead.
“Yesterday was a landmark day for our platforms,” said CarTrade consumer group chief executive Banwari Lal Sharma. “The festive excitement, amplified by GST-led affordability, has fuelled unprecedented consumer activity.”
Whether this traffic translates into actual sales—and signals a broader revival in consumer sentiment during the festival season—remains to be seen. But for India’s media and entertainment companies, which depend heavily on advertising from car manufacturers, the numbers will make for cheerful reading.
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Axis Bank named Official Banking Partner of DP World PGTI
Partnership supports all tournaments this season to grow professional golf in India.
MUMBAI: Axis Bank just teed up a hole-in-one partnership because when a bank sponsors golf’s biggest swing in India, even the fairways feel more financially secure. Axis Bank has been appointed Official Banking Partner of the DP World Professional Golf Tour of India (DP World PGTI), strengthening its commitment to sporting excellence and community engagement while backing the growth of professional golf across the country.
Under the partnership, Axis Bank will support all DP World PGTI tournaments this season, contributing to talent development, enhanced tournament experiences and wider fan engagement. The collaboration aligns the bank’s values of precision, discipline and trust with the Tour’s focus on performance and opportunity.
Axis Bank executive director Munish Sharda said, “We are pleased to partner with DP World PGTI as its Official Banking Partner. Golf embodies precision, discipline, and a pursuit of excellence qualities that strongly reflect who we are at Axis Bank. This association also strengthens our engagement with India’s growing premium customer segments, where the sport has a deep and enduring connect.”
Professional Golf Tour of India president Kapil Dev said, “We are extremely pleased to welcome Axis Bank as a Tour Partner of the DP World Professional Golf Tour of India. Partnerships of this stature play a vital role in strengthening the foundation of the Tour, enhancing opportunities for our players, and expanding the sport’s reach across the country.”
Professional Golf Tour of India CEO Amandeep Johl added, “Axis Bank’s strong legacy of excellence, innovation, and nationwide reach aligns perfectly with DP World PGTI’s goal to elevate professional golf in India and provide greater opportunities for our players.”
In a sport where every stroke counts and every partnership drives distance, Axis Bank isn’t just backing golfers, it’s investing in the fairway to future, turning India’s greens into a stage where precision meets passion and every drive has the power to inspire.
