–       Reformulating benchmarks for quality of used cars in Hyderabadand nearby markets

Hyderabad : CARS24, India’s leading e-commerce platform for pre-owned vehicles, today announced the launch of its Mega Refurbishment Lab in Hyderabad, spread over 2.1 acres in Ranga Reddy District, Telangana.

The massive facility in Hyderabad will refurbish over 70cars daily and provide upwards of 180 auto experts’ jobs. CARS24’s newest facility in the Hyderabad region will join its recently unveiled counterparts in Delhi NCR, Mumbai, Ahmedabad and Chennai. This facility is the fifth of the seven Mega Refurbishment Labs set to open by the end of this year in the country. Pre-owned car buyers will now have access to the high quality used carsfrom CARS24 coupled with the multiple benefits such as no questions asked return policy, 6 months warranty, doorstep delivery, amongst others.

CARS24 is propelling change in the pre-owned car ecosystem and setting benchmarks for high quality used cars. Majority of the used car market isprimarily unorganized has been plagued by inefficiencies due to the inherent information asymmetry in the vertical. Through the convergence of disruptivetechnology driven state-of-the-art facilities, CARS24is transforming the pre-owned auto industry and thereby, filling the standardization and benchmarking gap prevalent in the industry. The brand also leveragesAI, machine learning and data science to standardize and optimize the refurbishment process. This will make the entire process efficient and effective while eliminating subjectivity.

Speaking on the announcement, Vikram Chopra, Co-founder & CEO, CARS24 said, “We are delighted to announce the launch of our latest state-of-the-art Mega Refurbishment Labs in Hyderabad, one of the largest upcoming IT Hubs in India. CARS24 is consistently striving to set new industry standards and enhance the used car journey of its customers by delivering high-quality pre-owned vehicles and affordability at their doorstep. These latest MRLs come equipped with the best-in-class systems, processes, and technology to deliver used cars that feel as good as new. We are confident that our latest launch will further strengthen our foothold in the region and provide customers with a rich buying experience and access to high quality cars.”

Founded in 2015, CARS24 exists to transform the way consumers buy and sell cars by leveraging technology at every leg of the consumer journey to solve genuine pain points and deliver a seamless experience. It allows customers to shop from 10,000 cars on the platform, finance, then select doorstep delivery with additional features of 6-months warranty and no questions asked return policy. CARS24 vehicles are inspected, reconditioned and photographed in 360-degrees at the refurbishment centers, so customers get a trustworthy, reliable and transparent buying experience along with quality cars.