Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Private Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/cars24-services-private-limited" target="_blank" data-smartkarma-citation="entities:35870:1" rel="noopener">Cars24 (1716847D IN)</a> is one of India's leading used auto (primarily car) marketplace.  The company claims a 90% share in the online used car market. </li>
<li>Channel feedback suggests no customer loyalty and a poor competitive position compared to local unorganised sales yards. </li>
<li>Losses narrowing due to reduction in expenses, declining revenues and recent high profile exits all point to caution. </li>
</ul>



Cars24 (1716847D IN) is one of India's leading used auto (primarily car) marketplace.  The company claims a 90% share in the online used car market. 
Channel feedback suggests no customer loyalty and a poor competitive position compared to local unorganised sales yards. 
Losses narrowing due to reduction in expenses, declining revenues and recent high profile exits all point to caution. 


Cars24 Tearsheet - Leading Used Car Marketplace

India

CARS24 Services Private Limited operates as an automotive company. The Company offers buying and selling of used cars. CARS24 Services serves customers in India.

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CARS24 (1716847D IN)

Cars24 Tearsheet - Leading Used Car Marketplace

India Unicorn Series: We profile India's online used auto retailer Cars24. While the market for used autos is large and fragmented, winning in its...

Pranav Bhavsar

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