Growing Demand for Used Cars in Hyderabad Fuels Higher Sales for Cars24

Cars24 is expanding its presence in Telangana, driven by strong demand for digital and organised used car services. In H1 FY26, Hyderabad led state volumes, with petrol vehicles dominating transactions, reflecting customer preference for affordable and reliable ownership options

Hyderabad: Cars24 is strengthening its presence in Telangana as one of its fastest-scaling consumer markets, driven by rising adoption of organised, digital-first car buying and ownership services. The state has emerged as a key growth engine for Cars24’s retail, financing, and vehicle ownership offerings as customers increasingly seek trust, transparency, and convenience in pre-owned car purchases.

During H1 FY26, nearly 10 per cent of vehicles transacted on Cars24 originated from Telangana, with Hyderabad accounting for the bulk of overall state volumes. The market continues to see strong demand for trusted retail purchases, faster price discovery, and financing-led convenience, trends that are reshaping the used-car ecosystem in the region, a press release said.

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Hyderabad’s pre-owned car market remains largely petrol-led, with petrol vehicles accounting for 87.6 per cent of total transactions, while diesel models contribute 11.6 per cent, reflecting customer preference for lower ownership and maintenance costs.

Shivanshu Makkar, CFO India, Cars24, said, “In H1 FY26, our focus was on building trust through better products, financing, and ownership services while continuing to strengthen our unit economics. This positions us well for the next phase of growth.”