Cars24 trims losses as revenue surges 27% in FY26 driven by AI cost cuts

AI helped it turn EBITDA positive in January

Cars24’s FY26 numbers show a strong turnaround: revenue rose 27% to Rs 1,411 crore and operating losses narrowed by 36%. The company reported EBITDA positivity in January, attributing the shift to AI adoption that reduced marketing and tech costs. Loan disbursals also climbed 57%, adding momentum to its growth story.