Top M&A's in auto industry in 2015
CarTrade - CarWale for about Rs 590 crore
December 07, 2015, 00:03 ISTIn November, online automobile classifieds firm CarTrade acquired 90% stake in CarWale from German firm Axel Springer and 10% stake owned by founder Mohit Dubey for an undisclosed amount.
The two-wheeler retail division Bikewale, will also move to CarTrade as part of this deal.
CarWale will focus on being the new car brand, while CarTrade will be the used-car brand.
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