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Tech startup transforms India's scattered used-car market

Cars24 complements a brick-and-motor presence with online auction app

The Cars24 app lets buyers from around the country bid on used cars. (Nikkei montage)

MUMBAI -- A used-car sales revolution is underway in India, the world's fifth-largest auto market by unit sales, led by a startup that connects physical stores with online buyers and sellers.

Small and mid-size local companies have long handled the bulk of India's used cars. Cars24, founded in 2015, has disrupted this model. According to Gajendra Jangid, co-founder and chief marketing officer of its operating company Car24 Services, will likely double unit sales in 2019 over the previous year.

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