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Launch · Mobility & Logistics

Cars24 partners with Tesla, signs MS Dhoni

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Cars24 logo
Date
Company
Cars24
What it does
Integrated automotive platform
Kind
Launch
Founded
2015
Sector
Mobility & Logistics

What they do

Cars24 is an integrated platform for buying, selling, and servicing cars

What happened

It launched a trade-in programme with Tesla India and named MS Dhoni as Crashfree India ambassador

Why it matters

India accounts for 11% of global road fatalities despite having 1% of the world's vehicles

The details

  • Cars24 launched Crashfree India, a national road safety initiative.
  • It named MS Dhoni as the Goodwill Ambassador for Crashfree India.
  • Cars24 also collaborated with Tesla India for an integrated trade-in programme.
  • The programme helps customers exchange their old petrol or diesel vehicles for a Tesla.
  • Customers can start the process at Tesla Experience Centers, Cars24 website, or Tesla Center.
  • Cars24 manages vehicle pickup, payment, and ownership transfer.
  • A Cars24 bonus of Rs. 25,000 is credited upon delivery of the new Tesla.

The bigger picture

  • India had 1,80,000 traffic deaths in 2024, the highest globally.
  • 66% of road accident deaths in 2024 were aged 18-34.
  • Nearly 10,000 school students died in road accidents in 2024.
  • 7 in 10 fatalities were linked to overspeeding.

About the business

  • Cars24 is an integrated automotive platform for buying, selling, loans, insurance, and servicing of used and new cars.
  • Cars24 Financial Services provides vehicle lending solutions.
  • The company was founded in 2015 with a mission to simplify car ownership.

The deal

Type
launch

Founders

  • Vikram Chopra, Founder and CEO
  • Gajendra Jangid, Co-founder and CMO
  • Mehul Agrawal, Co-founder
  • Ruchit Agarwal, Co-founder
  • Mehul Agarwal, Co-founder

About Cars24

Product
An online platform for used-car buying, selling, and related lending services.
Customers
Consumers and dealers transacting in used cars.
How it makes money
It earns from vehicle sales, marketplace transactions, and financing-related services.
What sets it apart
Uses AI to improve operating efficiency and support growth.
Operations
Operates across multiple countries and runs auction and retail businesses in India.

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