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CARS24, an Autotech giant that battles with CarDekho, Droom, and CarTrade, today announced the launch of its second Research and Development Centre in Bengaluru, Karnataka.
The new R&D centre is aimed at advancing innovation and growth in the used car market, particularly focusing on developing solutions for inspecting, refurbishing, and reconditioning used vehicles through advanced AI algorithms.
The development is part of Cars24's strategy to enhance its technological capabilities and ensure an enriched user experience in the autotech industry.
Marut Singh, Chief Technology Officer at CARS24, said, “Our second R&D centre underscores our strong commitment to advancing the global pre-owned car market. This centre plays a pivotal role in achieving our growth objectives.”
Cars24 appoints Senior Director of Engineering
The company also announced the appointment of Shobhit Shrivastava as the Senior Director of Engineering.
Prior to joining, Shrivastava worked at global organizations like Amazon and Autodesk and is a co-founder of the B2B SaaS startup, Sogage Software. As part of the joining, He will lead the engineering team and will be responsible for driving technological innovations at CARS24.
Cars24 said his role will involve overseeing the AU tech initiative and facilitating collaboration with business, growth, and product teams.
“We are thrilled to welcome Shobhit Shrivastava on board. His diverse background and expertise align seamlessly with our mission to drive innovation and enhance the user experience. Shobhit’s leadership will be instrumental as we continue to shape the future of the Autotech industry," said Marut Singh.
The R&D centre plays a crucial role in analyzing market trends
The new R&D centre will also play a crucial role in analysing data related to pre-owned vehicle sales and market trends, using statistical models and machine learning to forecast future demand, identify growth opportunities, and optimize pricing strategies.
Cars24 said the newly launched centre is expected to set a new industry standard by ensuring precise vehicle valuation, thereby solidifying CARS24’s position in customer satisfaction.
Additionally, CARS24 is actively seeking to bring on board talented engineers, developers, and technology experts to join its team.
The platform has expanded its presence to the UAE, Australia, and Thailand, establishing itself internationally. The establishment of these additional R&D centres marks a significant milestone in CARS24’s growth strategy, emphasizing its mission to transform the used car market and continue driving autotech innovation.
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