Cars24 experienced a robust growth trajectory in August, showcasing a striking 37 percent year-on-year rise in GMV. Notably, the adjusted net revenue surpassed GMV growth, showcasing operational enhancements and profitability gains. Furthermore, the financing division excelled, disbursing ₹415 crore in loans. The utilization of AI has proven pivotal, elevating revenue per FTE by more than 52 percent.
from Auto-Industry-Economic Times https://ift.tt/g1pV3Q7
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