GENERAL10 Sept 2026
Cars24 August GMV rises 37% to ₹937 crore, net revenue grows 46%
Cars24's August gross merchandise value (GMV) — the total value of cars sold on its platform — rose 37% to ₹937 crore, while net revenue grew 46%. That monthly pace works out to an annualised run-rate of about ₹11,000 crore, with adjusted net revenue crossing ₹2,000 crore. If you sell or buy used cars, this shows the online market is growing fast. Watch the space.
Key Statutory Highlights
- Cars24's gross merchandise value (GMV) for August rose 37% to ₹937 crore.
- The company's net revenue grew 46% in the same month.
- The monthly numbers translate into an annualised GMV run-rate of around ₹11,000 crore, with adjusted net revenue run-rate crossing ₹2,000 crore.
Actionable Advice for Taxpayers / Founders:If you deal in used cars, take a moment to see how much of your own buying and selling now happens online, and check that your invoices and GST records match those sales. Treat these figures as one company's monthly report, not a promise about the whole market.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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