Used-car marketplace Cars24 has announced a fresh round of layoffs, affecting 120 employees across its non-core business units.
This move comes as part of a broader restructuring strategy aimed at streamlining operations and focusing on core business verticals.
The layoffs follow a previous round in April 2025, when the company let go of 200 employees.
Cars24 Restructuring Strategy and Impact
Cars24’s latest workforce reduction primarily targets Inspare, its B2B vehicle-spare-parts venture, which has been shut down due to insufficient market traction.
The closure of Inspare has resulted in 80 job losses across departments such as catalogue, procurement, sales, and operations.
Employees impacted by this decision have been advised to seek new opportunities, with the company reportedly offering severance packages aligned with notice periods.
Additionally, Cars24 is scaling down operations at FourDoor, its car-servicing and maintenance vertical, leading to 40 more layoffs.
The company has cited project underperformance and strategic recalibrations as the primary reasons for these job cuts.
Despite the layoffs, Cars24’s leadership has emphasized that this is a targeted reset rather than a broader downsizing trend.
The company aims to strengthen its core business while exploring new verticals.
A spokesperson for Cars24 stated, “No layoffs are taking place at present. Our priority remains long-term growth and building with intent”.
Recent Business Moves
Cars24 has been actively expanding its presence in the automotive ecosystem.
Recently, the company acquired Team-BHP, a well-known online automotive community, marking a strategic step into content and community engagement.
Additionally, Cars24 has launched a new AI-powered car platform, offering virtual tours and home test drives, signaling its commitment to innovation and customer experience.
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