Cars24 has announced the appointment of Kunal Mundra as CEO, Cars India, CARS24. He has worked in senior roles across several industries, including auto, manufacturing and services.
In this newly created role, Mundra will be responsible for the company's car business in India, while closely working with the co-founders to device expansion strategy.
Vikram Chopra, Co-Founder and CEO, Cars24 India, said, âI am delighted to have Mundra join our team at CARS24. In his new role, Mundra will help futureproof the brand as we continue to grow and revolutionise the way Indians buy or sell pre-owned vehicles. In this hyper-growth stage, it has become imperative for us to invest in building strong leadership teams and his experience across various sectors will go a long way in strengthening Cars24âs four-wheeler vertical- by playing on our existing strengths and at the same time keeping the brand agile for the next leap. We are confident that Mundraâs obsession with cars, bikes and engines will further help us strengthen our foothold in this highly fragmented pre-owned car market in India, which showcases an immense potential to grow.â
Mundra said, "I'm really looking forward to my ride with the Cars24 team. They have done an incredible job building a trusted consumer brand, a uniquely scalable business model and a strong competitive position in just a few years. The potential for growth in the global used car space is however vast and I look forward to helping the company drive this momentum forward."
An IIM-B Alumnus, Mundra is a seasoned professional with over 16 years of experience across different industries. His passion for being a business builder took him to Ceat to build a new speciality tires business. He was the MD and CEO of Ceat Specialty Tyres for five years, and a member of ExCom for Ceat Tyres. In his recent past, he was the Executive Vice-President at Bain Capital Private Equity, whereas as an operating partner he helped their portfolio companies navigate several formidable challenges.