Following a 25% year-on-year growth in FY24, used car platform Cars24 India’s operating scale declined 10% in the fiscal year ended March 2025. During the same period, the firm’s net losses also increased 9% to Rs 543 crore.
Cars24 India’s gross revenue fell to Rs 6,233 crore in FY25 from Rs 6,910 crore in FY24, according to the company’s consolidated financial statements filed with the Registrar of Companies (RoC).
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The sale of cars through the auction business and retail contributed approximately 92% of the total revenue. This income…

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