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Cars24 acquires Team-BHP to enhance auto ecosystem

Apr 27, 2025•8 months ago

Acquiring Company

CARS24

Acquired Company

Team-BHP

GurugramGurgaoninformation technology & servicesInformation TechnologySoftwareAutomotive

Description

Cars24 has acquired Team-BHP, India's largest automotive platform, as part of a strategy to create a more trustworthy auto ecosystem in the country. The decision comes amid cost-cutting measures that resulted in over 200 layoffs at Cars24. CEO Vikram Chopra emphasized the significance of this acquisition in improving the automotive buying experience.

Company Information

Company

CARS24

Location

CH Baktawar Singh Road

Gurugram, Haryana, India

About

CARS24 is one of India’s largest auto-tech companies with a bold vision to grow 100x in the next five years and build a $300 billion enterprise. By harnessing cutting-edge technology, CARS24 is revolutionizing mobility with a focus on scale, simplicity, and sustainability—empowering customers and driving industry-wide transformation across the automotive ecosystem in India and beyond.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed