Consumer Analyst / Channel Surveillance Specialist, Trudence Capital Advisors

Pranav Bhavsar

Consumer Analyst / Channel Surveillance Specialist

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Private Capital Markets

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<li>
<a href="https://www.smartkarma.com/entities/cars24-services-private-limited" target="_blank" data-smartkarma-citation="entities:35870:1" rel="noopener">Cars24 (1716847D IN)</a> is one of India's leading used auto (primarily car) marketplace.  The company claims a 90% share in the online used car market. </li>
<li>Channel feedback suggests no customer loyalty and a poor competitive position compared to local unorganised sales yards. </li>
<li>Losses narrowing due to reduction in expenses, declining revenues and recent high profile exits all point to caution. </li>
</ul>



Cars24 (1716847D IN) is one of India's leading used auto (primarily car) marketplace.  The company claims a 90% share in the online used car market. 
Channel feedback suggests no customer loyalty and a poor competitive position compared to local unorganised sales yards. 
Losses narrowing due to reduction in expenses, declining revenues and recent high profile exits all point to caution. 


Cars24 Tearsheet - Leading Used Car Marketplace

India

CARS24 Services Private Limited operates as an automotive company. The Company offers buying and selling of used cars. CARS24 Services serves customers in India.

CARS24 (1716847D IN)

Cars24 Tearsheet - Leading Used Car Marketplace

India Unicorn Series: We profile India's online used auto retailer Cars24. While the market for used autos is large and fragmented, winning in its...

Pranav Bhavsar