Tech startup transforms India's scattered used-car market

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

20191227 india used car app

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

AKIRA HAYAKAWA, Nikkei staff writer

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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