CARS24 launches First Engineering R&D Centre in Bengaluru to transform pre-owned car market

CARS24, India's leading auto-tech company for pre-owned vehicles, has today taken a giant leap towards driving innovation and growth in the pre-owned vehicle market with the launch of its first Engineering Research and Development Center (R&D Center) in Bengaluru. The centre will focus on developing cutting-edge solutions for used vehicle inspection, refurbishment, and reconditioning. Equipped with state-of-the-art technology and staffed by a team of experts led by Mr. Marut Singh, Chief Technical Officer, and Anmol Singh, Vice President of Engineering, the centre will employ engineers and specialists from across the country. The AI-powered algorithms used by the centre will ensure accurate vehicle valuation, enabling CARS24 to raise the standard of the entire industry and maintain its market-leading position in customer satisfaction. Located in the HSR Layout in Bengaluru, the R&D Center represents a significant milestone in CARS24's growth plans, as the company continues to revolutionise the pre-owned vehicle market across the country. In addition to developing advanced technological solutions for vehicle inspection and valuation, the centre will analyse data on pre-owned vehicle sales and market trends, providing statistical models and machine learning algorithms that will predict future demand for certain types of vehicles, identify growth opportunities, and optimise pricing strategies.