CARS24 Plans IPO in 12-18 Months

CARS24, a company that helps people buy and sell cars online, is planning to go public in the next 12 to 18 months.

The company faced some problems when the government reduced taxes on new cars, which made their old inventory less valuable.

However, they had a very profitable December.

CARS24 is the biggest player in India's used-car market and wants to increase its market share to 10% in the next few years.

They are also focusing on making their business more profitable by improving their technology and offering more loans to customers.

In the first half of the fiscal year 2026, they helped nearly 85,000 people buy cars and saw a big increase in the amount of money they made and the loans they gave out.