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Engaged Employer
CARS24
3.5
based on 3.7k Reviews
Video summary
Company Overview
Associated Companies
Company Locations
Working at CARS24
Company Summary
Online marketplace to buy, sell and finance second-hand cars & bikes
Overall Rating
3.5/5
based on 3.7k reviews
5% below
industry average
Critically rated for
Job security, Promotions, Work satisfaction
Work Policy
Work from office
74% employees reported
Monday to Saturday
42% employees reported
Strict timing
52% employees reported
No travel
48% employees reported
View detailed work policy
Top Employees Benefits
Job/Soft skill training
265 employees reported
Health insurance
219 employees reported
Office cab/shuttle
54 employees reported
International/On-site exposure
47 employees reported
View all benefits
About CARS24
Founded in2015 (10 yrs old)
India Employee Count5k-10k
Global Employee Count--
India HeadquartersGurgaon,Haryana, India
Office Locations
Websitecars24.com
Primary Industry
Other Industries
View in video summary
CARS24 is transforming the way India buys and sells cars.We, at CARS24, strive to revolutionize the pre-owned cars'? market by providing disruptive solutions and services for a happy, hassle-free and simple car selling experience. Using advanced Machine Learning and Artificial Intelligence based auctions, we enable our channel partners across the country to participate in auctions for each car, ensuring the best deals for our customers.We love cars and the joy, excitement and memories it brings along with it. So, when you drive to a CARS24, you get to keep the beautiful memories of your car and leave the worries of selling to us.At CARS24, we don’t buy used cars. We buy Your Cars.
Mission: CARS24's mission is to revolutionize the way used cars are transacted in India. We endeavour to offer an efficient, reliable and hassle-free transacting experience for used cars.
CARS24 Ratings
based on 3.7k reviews
Overall Rating
3.5/5
How AmbitionBox ratings work?
5
1.6k
4
594
3
495
2
285
1
714
Category Ratings
3.6
Salary
3.5
Skill development
3.3
Company culture
3.3
Work-life balance
3.3
Work satisfaction
3.1
Promotions
3.0
Job security
CARS24 is rated 3.5 out of 5 stars on AmbitionBox, based on 3.7k company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at CARS24
based on 3.4k reviews
3.5
Rated by 431 Women
Rated 3.4 for Salary and 3.4 for Skill development
3.5
Rated by 3k Men
Rated 3.6 for Salary and 3.4 for Skill development
Work Policy at CARS24
based on 478 reviews in last 6 months
Work from office
74%
Hybrid
20%
Permanent work from home
6%
CARS24 Reviews
Top mentions in CARS24 Reviews
+ 5 more
Compare CARS24 with Similar Companies
Change Company | Change Company | Change Company | ||
|---|---|---|---|---|
Overall Rating | 3.5/5 based on 3.7k reviews | 3.8/5 based on 4.3k reviews | 3.9/5 based on 5.1k reviews | 3.6/5 based on 4.9k reviews |
Highly Rated for | No highly rated category | No highly rated category | Salary Skill development Work-life balance | No highly rated category |
Critically Rated for | Job security Promotions Work-life balance | Job security Promotions | Job security | Promotions Work satisfaction |
Primary Work Policy | Work from office 74% employees reported | Work from office 43% employees reported | Hybrid 48% employees reported | Work from office 74% employees reported |
Rating by Women Employees | 3.5 Good rated by 431 women | 3.6 Good rated by 510 women | 3.5 Good rated by 259 women | 3.6 Good rated by 1.1k women |
Rating by Men Employees | 3.5 Good rated by 3k men | 3.8 Good rated by 3.4k men | 4.0 Good rated by 4.4k men | 3.6 Good rated by 3.6k men |
Job security | 3.0 Average | 3.2 Average | 3.0 Average | 3.6 Good |
View more
CARS24 Salaries
CARS24 salaries have received with an average score of 3.6 out of 5 by 3.7k employees.
Retail Associate
(690 salaries)
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₹1.9 L/yr - ₹5 L/yr
Retail Manager
(427 salaries)
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₹2.7 L/yr - ₹7.2 L/yr
Team Lead
(403 salaries)
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₹2 L/yr - ₹10.3 L/yr
Evaluation Engineer
(379 salaries)
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₹1.8 L/yr - ₹4.8 L/yr
Relationship Manager
(329 salaries)
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₹2.4 L/yr - ₹7.3 L/yr
Senior Retail Associate
(311 salaries)
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₹2 L/yr - ₹6 L/yr
Key Account Manager
(258 salaries)
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₹2.2 L/yr - ₹6 L/yr
Procurement Associate
(254 salaries)
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₹1.8 L/yr - ₹4.2 L/yr
Zonal Manager
(245 salaries)
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₹4.6 L/yr - ₹13.6 L/yr
Sales Associate
(234 salaries)
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₹1.7 L/yr - ₹5 L/yr
CARS24 Interview Questions
Interview questions by designation
Top CARS24 interview questions and answers
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CARS24 Jobs
Popular Designations CARS24 Hires for
Current Openings
CARS24 News
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Cars24 Enters New Car Market with Aggregator Platform for OEMs and Dealerships
- Gurugram-based Cars24 has launched an aggregator platform for new cars, expanding its services beyond used car sales.
- Competitors like Spinny, Droom, and CarDekho are diversifying their offerings amidst slower growth in the used car industry.
- Cars24 aims to address customer needs by offering a seamless car-buying experience through technology.
- The 'New Cars' segment on Cars24's website provides detailed video walkthroughs, pricing details, test drive bookings, and financing options.
- Cars24 introduced the 'New Cars' segment as part of its super app ecosystem, which includes various automotive services.
- Despite entering the new car market, used car sales remain the primary revenue source, contributing over 90% of total revenue.
- In FY24, Cars24 recorded a 25% revenue increase but also reported significant losses.
- Cars24 does not anticipate new car sales to be a major revenue driver in the short term, focusing on increasing traffic first.
- India's used car market is growing rapidly, with projected sales of 1.09 crore units annually by FY28, valued at $73 billion.
- The growth in the used car segment outpaces new cars, driven by increasing trust and transparency in the market.
Startup Story | 11 Mar, 2025
CARS24 Ventures Into ‘New Cars’ Market With Aggregator Platform
- IPO-bound used car marketplace CARS24 has entered the new cars market, aiming to simplify the car-buying process.
- The platform offers AI-powered video buying experience, real-time on-road prices, and allows customers to compare models, explore financing options, and book test drives.
- CARS24 sees this expansion as a natural move to tap into the existing customer base already considering new cars.
- CARS24 has also launched additional car-related services, including car financing and a digital vault for storing vehicle documents.
Inc42 | 10 Mar, 2025
Her choice
- Jewellery retail brand Tanishq challenges conventional notions of empowerment with its film 'Her Choice'. It portrays a woman embracing the role of a homemaker while her husband goes to work, shifting the perspective on empowerment and honoring individuality and her right to choose.
- CARS24 conducted a social experiment on trust levels, giving male and female valet attendants the job of parking vehicles. Shockingly, 97% of car owners chose the male valet, exposing biases against women drivers.
- Shemaroo Entertainment's women's day campaign '#HarRoleIsHerRole' highlights gender biases in job profiles. In a social experiment, artists unconsciously painted only men as professionals, prompting the distribution of new occupation charts featuring women in traditionally male-dominated roles.
- Adani Group's narrative-driven film showcases how its port helps small business owners dream big. The film emphasizes the significance of the father's handcrafted Namda toys, which receive a big order from international shores.
HinduBusinessLine | 9 Mar, 2025
Ex-CARS24 CEO EV Startup Electrifi Renamed To Astranova Mobility
- Former CARS24 CEO Kunal Mundra's EV startup Electrifi Mobility has been renamed to Astranova Mobility.
- The decision to change the name is to expand the company's vision beyond EV for sustainable mobility.
- Astranova Mobility aims to explore other technologies, such as hydrogen, for large vehicles like buses and trucks.
- The company plans to expand geographically, introduce energy solutions, and double its fleet to 40,000 vehicles within the next 12 months.
Inc42 | 4 Mar, 2025
Proptech Unicorn NoBroker Launches ConvoZen.AI, A Conversational AI Cloud For Customer Engagement
- Proptech unicorn company NoBroker has launched ConvoZen.AI, a Conversational AI platform designed for customer engagement in various industries.
- The platform offers Voice and Non-Voice Agents in multiple languages, along with analytics and quality control features.
- Companies like Cars24, LendingKart, LeapScholar, and Tata AIG are already using ConvoZen.AI to improve their customer engagement.
- NoBroker plans to open-source some of its Indic models for customer support and offers AI-powered voice agents and compliance monitoring.
VIE Stories | 26 Feb, 2025
CARS24 launches credit platform to simplify loans for car buyers, owners
- Car marketplace CARS24 has launched LOANS24, a credit platform to facilitate vehicle financing.
- LOANS24 offers fully digital and valuation-free loans for quick dispersals, with terms up to 6 years.
- The platform provides financing up to 100% of on-road price for purchases and 200% for top-ups.
- CFSPL, the lending arm of CARS24, has facilitated over Rs 15,000 crore in working capital loans to dealers.
Yourstory | 20 Feb, 2025
CARS24 Unveils Platform To Facilitate Faster Car Loans
- CARS24 Financial Services (CFSPL) has launched a credit platform, LOANS24, to offer various types of car loans and other financing options.
- Initially offering used car financing, LOANS24 now provides new car financing, purchasing financing, loans against cars, and top-up loans on cars.
- The platform also offers other financing options like personal loans, inventory finance, and credit card options from various banks.
- CFSPL, a subsidiary of CARS24, has facilitated over INR 4,000 crore in car loans for customers and is planning to enter the new car sales market.
Inc42 | 20 Feb, 2025
How Park+ Cracked Car Owners’ Biggest Pain Points And Built A INR 134 Cr+ Business
- Park+ was founded by former Paytm executive Amit Lakhotia and CTO Hitesh Gupta to address car owners' challenges in India, offering a comprehensive car app and a range of services from smart parking to car maintenance.
- The startup operates in 50+ cities, 3 Lakh parking locations, and claims to be India's leading FASTag distributor, having raised $54 Mn in funding rounds from Epiq Capital, Z47, and Peak XV.
- Despite initial hurdles during the pandemic, Park+ introduced drive-through vaccination camps and focused on localized access control solutions for residential projects, driving growth and value.
- Utilizing RFID tags and cloud-based technology, Park+ automates parking processes, reducing operational errors and enhancing user experience in cities like Gurugram, Mumbai, and Bengaluru.
- Park+ strategically partners with platforms like MyGate, NoBroker, and Cars24, optimizing digital payments, offering FASTag services and expanding into green mobility initiatives with EV charging and battery swapping zones.
- The startup's steady growth and customer-centric approach reflected in its financials, with operating revenue reaching INR 131.26 Cr in FY24, showcasing financial discipline and a shift towards sustainable scalability.
- With plans to expand domestically and overseas, focusing on Southeast Asia, Park+ aims to continue delighting vehicle owners and staying ahead in a competitive market addressing diverse mobility needs.
- As the ecosystem evolves, businesses like Park+ navigating parking management, EV services, and partnerships emphasize the importance of innovation, data insights, and customer experience for future success.
- Addressing challenges of car ownership by offering seamless solutions and exploring overseas markets, Park+ sets its sights on sustainable growth and operational excellence.
Inc42 | 15 Feb, 2025
Exclusive: Cars24 Launches Listing Platform For Driving Schools On Its App
- Used car marketplace Cars24 has launched a discovery platform called Car24 Driving School on its app to find nearby driving schools.
- The new offering is currently available in cities like Delhi NCR, Mumbai, Ahmedabad, Bengaluru, Chennai, among others.
- Cars24 aims to become a one-stop service provider for car owners by offering all ancillary services related to cars.
- The startup has raised over $1.3 billion in funding and counts investors such as SoftBank, Alibaba, and DST Global.
Inc42 | 6 Jan, 2025
CARS24 elevates Himanshu Ratnoo as CEO of Used Cars India
- CARS24 has promoted Himanshu Ratnoo as the CEO of its Used Cars India division.
- Ratnoo joined the company in 2020 as vice president and will now focus on driving growth across the company’s C2B and retail operations.
- His responsibilities include scaling franchise models, developing fresh approaches to luxury car transactions, and expanding value-added services.
- In the fiscal year ending March 2024, CARS24 India reported a gross revenue of Rs 6,917 crore and improved operational costs.
ISN | 31 Dec, 2024
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CARS24 Subsidiaries
CARS24 Financial Services
3.4
• 114 reviews
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CARS24 FAQs
When was CARS24 founded?
CARS24 was founded in 2015. The company has been operating for 10 years primarily in the Internet sector.
Where is the CARS24 headquarters located?
CARS24 is headquartered in Gurgaon,Haryana and has an office in Gurgaon / Gurugram
How many employees does CARS24 have in India?
CARS24 currently has more than 5,000+ employees in India. Sales & Business Development department appears to have the highest employee count in CARS24 based on the number of reviews submitted on AmbitionBox.
Does CARS24 have good work-life balance?
CARS24 has a work-life balance rating of 3.3 out of 5 based on 3,600+ employee reviews on AmbitionBox. 41% employees rated CARS24 3 or below, while 59% employees rated it 4 or above for work-life balance. This rating suggests that while some employees recognize efforts towards work-life balance, there is scope for improvement based on employee feedback. We encourage you to read CARS24 work-life balance reviews for more details
Is CARS24 good for career growth?
Career growth at CARS24 is rated as moderate, with a promotions and appraisal rating of 3.1. 41% employees rated CARS24 3 or below, while 59% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading CARS24 promotions/appraisals reviews for more detailed insights.
What are the cons of working in CARS24?
Working at CARS24 does have some drawbacks that potential employees should consider. The company is poorly rated for job security, promotions / appraisal and work satisfaction, based on 3,600+ employee reviews on AmbitionBox.
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