Cars24

Cars24 is an online used car marketplace founded in 2015 by Vikram Chopra, Mehul Agrawal, Gajendra Jangid and Ruchit Agarwal. Headquartered in Gurugram, it became a unicorn in late 2020 after raising $200 million in its Series E round.
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    At first glance, this auto ancillary company looks like a conventional two-wheeler supplier. But its business mix tells a wider story. A newer aluminium-led segment has overtaken its older safety-linked segment. EV-linked sales have started showing up, and management says content per EV can be higher than ICE in some products. Yet, investors should not ignore the fine print. Exports are still small, customer concentration is high, and raw material pass-through can affect reported margins. This is not just a growth story. It is a story of mix, discipline, and transition risk. ...Less

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  • Infosys CFO Jayesh Sanghrajka joins Cars24 board as independent director

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  • ET Prime Special Series: Multibagger or IBC - Part 62: This quiet auto ancillary now earns in 3 months what it once earned in a year

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    Wall Street anticipates SpaceX's IPO, but recent data shows many large debuts have lagged the S&P 500. Investors buying at IPO prices have seen lower returns than those in the S&P 500 index. High valuations, especially for AI companies, present risks. ...Less

  • ET Prime Special Series: Multibagger or IBC - Part 60: This auto ancillary built its empire on one family. Can it survive the EV test?

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    It began life making bicycle parts in Gujarat, the changed its name and business. That created scale, stability, and growth. A single customer contributes over 90% of standalone revenue. In FY25, the standalone business declined about 5%, but consolidated numbers improved because of a subsidiary growing in wind energy, defence, and aerospace composites. The question for investors: Can anchor-customer concentration genuinely reduce, and will the subsidiary provide a different earnings engine? ...Less

  • India to strengthen EV shield against oil imports with fresh subsidies: Report

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    The government is set to significantly boost subsidies for electric two-wheelers. This move under the PM E-Drive scheme aims to promote clean mobility and reduce oil import dependence. The heavy industries ministry is seeking additional funds for this initiative. The scheme has already subsidized a large number of electric two-wheelers. ...Less

  • There are bulls and bears, and also ducks. When Warren Buffett warned against being a stock market duck

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    Warren Buffett mentioned a metaphor that should haunt every investor who has ever felt clever during a rising market: The preening duck that quacks boastfully after a rainstorm, convinced that its paddling skills have caused it to rise in the world. The duck is wrong. And so, Buffett suggested, are most investors who congratulate themselves in a bull market. ...Less

  • Pakistan bomb blast on army train in Quetta kills at least 24 soldiers and civilians

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    Sunday saw a devastating attack on a train loaded with military personnel in Quetta, Balochistan. The explosion, triggered by an explosive device in a vehicle that struck the train, resulted in the death of at least 24 individuals, with over 50 sustaining injuries. ...Less

  • Bitcoin steadies around $77,000 after volatile three-week correction; easing US-Iran tensions lift sentiment

    Bitcoin traded near the $77,000 mark after recovering from a volatile correction phase as easing U.S.-Ira ...More

    Bitcoin traded near the $77,000 mark after recovering from a volatile correction phase as easing U.S.-Iran tensions improved investor sentiment. While Ethereum and select altcoins remained under pressure, broader crypto market sentiment stabilised amid hopes of geopolitical de-escalation, although analysts continued to warn about leverage-driven volatility and short-term resistance levels. ...Less

  • Bitcoin faces fresh selling pressure despite U.S.-Iran easing; over $400 million liquidated in 1 day

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    Bitcoin and Ethereum extended losses as macroeconomic concerns, ETF outflows and geopolitical uncertainty weighed on investor sentiment. More than $400 million in leveraged crypto positions were liquidated, while analysts warned markets could remain volatile amid inflation worries and shifting Federal Reserve expectations. ...Less

  • Anthropic policy chief Jack Clark says, “AI will help make a Nobel prize-winning discovery within a year.”

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    AI is rapidly evolving beyond a search engine, with predictions of Nobel Prize-winning scientific discoveries and AI-staffed companies within the next 18 months. While AI offers immense potential, concerns are rising about its impact on human critical thinking, with a call to use AI as a partner rather than a replacement for thought. ...Less

  • Quote of the day by Princess Diana: 'Family is the most important thing in the world.' Life lessons on human behavior, peace, relationships and love by former princess of Wales

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    Quote of the day by Princess Diana highlights the value of family, relationships, love, peace, and emotional support. Princess Diana believed family gives strength during difficult times. Her words still connect with people across the world because they explain human behavior, care, kindness, and the importance of staying connected with loved ones. The quote also reflects Diana’s personal struggles, charity work, and her efforts to teach compassion and understanding to her children. ...Less

  • Stellantis says to invest 60 bn euros over five years

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    Automaker Stellantis is investing 60 billion euros over five years. The company plans to reduce its production capacity in Europe by 20 percent. Stellantis will launch over 60 new vehicles and refresh 50 existing models. This strategy aims to accelerate growth and profit. The company is also forming partnerships with Chinese firms for manufacturing and sales operations. ...Less

  • MINI Cooper S GP Inspired Edition launched in India: Check price, features and more

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    MINI has launched the Cooper S GP Inspired Edition in India. This special model is a limited import, with only 30 units available. It features exclusive GP-inspired styling and performance enhancements. The car boasts a powerful engine and advanced digital technology. Deliveries have already begun across authorized MINI dealerships. ...Less

  • Kyle Busch, the NASCAR icon, dies at 41: What was the cause of his sudden passing?

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    NASCAR legend Kyle Busch has passed away at 41. The two-time Cup Series champion was a record-breaking driver. Busch was hospitalized earlier due to a severe illness. His passing leaves a void in the racing world. He was known for his fierce passion and skill. The entire NASCAR family mourns this immense loss. ...Less

  • Long-term Investing: Ecosystem with an edge called India; 12 large- mid- and small-cap stocks with upside potential of up to 34%

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    Tactical investing should not be confused with long-term investing. In a world where geopolitical risk, commodity shocks, and uncertainty are likely to stay high, investors need to think in terms of ecosystems, not just short-term price moves. A short-term bounce is not the same as a long-term growth path. Long-term money needs a different question and a different answer, which might appear wrong when the whole market is green. But remember: The Nifty’s moves for a few sessions is different from growth of earnings that the market seeks. ...Less

  • These large- and mid-cap stocks can give more than 25% return in 1 year, according to analysts

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    For the next few weeks, what needs to be watched is market breadth. And also look at which sectors are leading the rally. Why? Because, at this point of time, there are sectors and stocks which may see a recovery just because they are witnessing a short-covering bounce. And one needs to differentiate between short covering rallies and uptrends happening for fundamental reasons. ...Less

  • Bengaluru ORR upgrade: Traffic jams will worsen on Silk Board to KR Pura road as redevelopment to start soon; Key traffic hotspots and alternative routes

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    Bengaluru ORR Upgrade: Bengaluru’s already-stretched Outer Ring Road (ORR) tech corridor is about to enter what could become one of its most difficult traffic phases in years. A massive Rs 378-crore concretisation project from Silk Board to KR Pura is expected to begin soon, with officials warning that construction could continue for up to a year. ...Less

  • Forget fake invoices. The real risk is the assumptions made in the balance sheet to hide losses

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    Most accounting risks make noise. The biggest one on the Indian balance sheet doesn't. It hides inside growth assumptions, discount rates, and the way one asset is grouped with another, invisible to anyone reading only the headline numbers. The auditor sees it first and writes about it in the footnotes most investors skip. This story is a reader's guide to those footnotes: How the manipulation is done, what to look for, and exactly where to look. ...Less

  • In 1948, Walt Disney visited a Ford factory: What he saw there helped shape Disneyland

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    Walt Disney's 1948 trip to Ford's River Rouge Plant was a game changer. The factory's methodical layout sparked ideas for Disneyland's structure. Disney gained insights into orchestrating guest flow and experiences with exactness. This blend of industrial efficiency and imaginative design became the foundation of the park's unseen mechanics. ...Less

  • Cars24 operating loss narrowed in FY26, revenue grew 27%: CEO Vikram Chopra

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    Used-car platform Cars24 reported a 27% revenue jump to Rs 1,411 crore in FY26, significantly cutting losses by 36%. The company achieved Ebitda positivity in January, driven by AI adoption that slashed marketing and tech costs. Loan disbursals also saw a substantial 57% rise. ...Less

  • Bengaluru-Mumbai new express train: Check route, schedule, fare and key details

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    Railways have introduced a second direct train service between Bengaluru and Mumbai, a much-needed connectivity boost after nearly 30 years. This bi-weekly express train aims to ease travel for thousands commuting between Karnataka and Maharashtra. A Vande Bharat Sleeper service is also anticipated soon. ...Less

  • Heavy rain alert issued for Kerala

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    The India Meteorological Department has issued an orange alert for Pathanamthitta and Alappuzha districts in Kerala. Heavy rainfall is expected in these areas. Other districts are under a yellow alert. Authorities have urged residents in flood and landslide-prone regions to stay alert. ...Less

  • In 1926, Umberto Nobile flew to the North Pole with his beloved dog Titina, who two years later survived 49 days stranded on Arctic ice following a deadly airship crash

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    An Italian explorer's dog, Titina, sensed danger before an Arctic airship crash in 1928. The airship Italia crashed, leaving ten men and Titina stranded for 49 days. Titina survived unharmed, showcasing the strong human-animal bond. Her story emphasizes animal companionship's role in crisis. Titina later returned to Rome and is now preserved. ...Less

  • After Delhi-Dehradun Expressway, Lucknow-Kanpur Expressway nears launch; Travel time to drop by nearly 2 hours. Check timeline, route & opening details

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    Lucknow-Kanpur Expressway: A new six-lane expressway connecting Lucknow and Kanpur is set to open soon. This project will drastically cut travel time between the two cities, from over two hours to just 45 minutes. The expressway is expected to boost regional economic activity by improving freight movement and supporting industrial growth. ...Less

  • India, UK working on British steel issue to operationalise trade pact: Commerce Secy

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    India and the United Kingdom are nearing the operationalization of their trade pact. Both nations are collaborating on a unique solution to address recent UK steel safeguard measures. These measures had created a hurdle for the Comprehensive Economic and Trade Agreement. The pact aims to boost bilateral trade significantly by 2030. ...Less

  • No, the Iran war won’t ground your European holiday flight

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    A commentary on the US-Iran conflict says European summer flights are unlikely to face major disruptions for now, despite earlier fears over jet fuel shortages. Jet fuel prices had surged after the conflict escalated but have since fallen around 30%, prompting some airlines to reduce fuel surcharges. ...Less

  • In fast lane: The twin drivers behind MoTown India's fast & furious April show

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    April auto sales: India's auto sector began FY27 with strong sales. Passenger vehicles and two-wheelers saw significant year-on-year increases. SUVs continued to lead the passenger vehicle market. ...Less

  • Slovakia-India: Century-Old Partnership Being Redefined for the Future

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    Slovakia and India are strengthening diplomatic and economic ties, celebrating 33 years of relations with recent high-level visits. The upcoming EU-India trade deal is expected to boost Slovak exports, particularly luxury cars, and facilitate the flow of Indian professionals to Slovakia, where they already form the second-largest workforce. ...Less

  • These large- mid- and small-cap stocks have an upside potential of up to 31% in 1 year, according to analysts

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    As nothing can be ruled out on the street, be prepared for anything. Now, what is the probability that the bears will be chased away from the market in the next couple of weeks? The optimist will say that there has been no negative news from the Gulf region. There are even reports that some ships have been able to cross the Strait of Hormuz without any trouble. But the pessimist will say that it is just the lull before the storm and that the region’s troubles are far from over. The reality is that no one can say anything with certainty. ...Less

  • Suvendu aide murder: SIT finds attackers had prior input on Chandranath's position inside car

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    A close aide of BJP leader Suvendu Adhikari was murdered in Madhyamgram. The Special Investigation Team believes assailants had prior knowledge of Chandranath Rath's seating. Three people are detained. Gunmen from outside West Bengal are suspected. The attack was swift and professionally planned. Vehicles used in the escape are being examined. ...Less

  • Bengal: Three held from UP in killing of CM Suvendu Adhikari's aide

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    Police have arrested three individuals from Uttar Pradesh in connection with the murder of Chandranath Rath. Rath was an aide to West Bengal Chief Minister Suvendu Adhikari. The arrests followed a breakthrough in the investigation, which utilized digital clues and interstate links. Investigators are working to apprehend the remaining suspects involved in the meticulously planned crime. ...Less

  • Who is VD Satheesan? The man who led Congress’s Kerala comeback and won the CM race; Check his net worth here

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    Who is VD Satheesan: After days of suspense, Congress leader VD Satheesan has finally been named Kerala Chief Minister following the UDF’s sweeping victory in the 2026 Assembly election. Once seen as a second-rung leader, Satheesan transformed himself into the face of the Congress comeback in Kerala through aggressive opposition politics, sharp public messaging and a campaign that directly challenged Pinarayi Vijayan’s decade-long rule. ...Less

  • Skyroot, a newborn unicorn; AI pay gap grows

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    Skyroot Aerospace became India’s first spacetech unicorn after its latest funding round. This and more in today’s ETtech Top 5. ...Less

  • Cars24 cofounder Mehul Agrawal steps down from operating role

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    Mehul Agrawal, cofounder of used car marketplace Cars24, is stepping down from his operational role after over a decade. He will remain on the company's Board. This move follows cofounder Gajendra Jangid's recent exit as CMO, amidst Cars24's growth and preparations for an IPO. ...Less

  • Suvendu aide murder: Mother of UP man arrested in Chandranath Rath case claims son innocent, demands CBI probe

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    A grieving mother from Ballia protests the arrest of her son, Raj Singh, in connection with the controversial Chandranath Rath murder case. Captured by Bengal Police during his return from Ayodhya, she claims that he is the victim of a grave miscarriage of justice. ...Less

  • Rising energy bills: How EVs, rooftop solar, induction cooking can protect your household budget and how much they actually cost

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    Fuel prices are volatile, electricity tariffs are rising, and your LPG cylinder is at the mercy of global events. Here’s how switching to an EV, rooftop solar, or an induction cooktop can protect your household budget. And what it will actually cost you. ...Less

  • Cars24 cofounder Gajendra Jangid steps down as CMO

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    Cars24 cofounder Gajendra Jangid is taking a break from his CMO role. This follows other top-level changes at the company. Cars24 is now aiming for an initial public offering within the next six to twelve months. The company reported strong financial performance in its latest update. This move signals significant growth and future plans for the used-car marketplace. ...Less

  • Second marriage & dowry harassment: SC quashes FIR against in-laws, keeps 498A case against husband

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    The Supreme Court quashed FIRs against a husband's in-laws and sister in a dowry harassment case. While the wife alleged they were aware of his second marriage, the court found no evidence of their active participation. The case against the husband, however, proceeds due to specific allegations of torture and dowry demands. ...Less

  • Amazon CEO on Now growth; Big Tech dials up AI spend

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    In India’s hypercompetitive quick commerce space, Amazon CEO Andy Jassy said Now is growing fast. This and more in today’s ETtech Top 5. ...Less

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