In today’s briefing:
- Cars24 Tearsheet – Leading Used Car Marketplace
Cars24 Tearsheet – Leading Used Car Marketplace
- 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.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Data and News
- ✓ Events & Webinars
