Used-car seller Cars24 acquires auto forum Team-BHP

New and used car retail platform Cars24 said on Wednesday that it has acquired automotive review and discussion forum Team-BHP. Details of the deal were not disclosed.

According to a statement by Cars24, Team-BHP will continue to operate independently with its founding team. The news and discussion website will maintain its zero-sponsored content policy, under which it does not accept advertisements from auto manufacturers.

Cars24 will work with Team-BHP to improve platform capabilities, enhance user experience and introduce new features for users.


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"With CARS24 backing us, and their technology and data layered into our platform, we can now build with more scale, more depth, and more intent," said Team-BHP founder Rush Parekh.

The Cars24 acquisition follows a trend of used-car platforms acquiring well-known automotive publications.

Last month, used-car platform Spinny bought Autocar parent Haymarket SAC's automotive titles in a cash and equity deal. Haymarket SAC is a joint venture between Haymarket and the Sorabjee family owned Sorabjee Automotive Communications.