Cars24 Highlights IPO Plan as It Launches Lifetime Warranty for Used Cars

Cars24 introduced a new warranty programme on February 18, 2026, and simultaneously indicated its intention to pursue an IPO in the coming months. The company stated that it expects to launch its public offering within a 6–12 month window, supported by growth across financing and vehicle services.

Alongside these plans, Cars24 unveiled what it calls India’s first Lifetime Warranty for used cars, offering long-term protection on critical powertrain components. The announcement marks a combined expansion in both business strategy and customer‑focused offerings.

IPO Plans and Financial Performance Ahead of Listing

Cars24 said it is preparing for an IPO within the next 6–12 months, citing strong operational momentum across core business segments. The company recorded a 38% year‑on‑year rise in loan disbursals, reaching ₹1,637 crore globally.

It also reported ₹94 crore GMV from Vehicle Ownership Services in the first half of the financial year, driven by a 19‑fold increase in transactions. With expectations of achieving more than ₹750 crore in Adjusted Net Revenue in the second half, Cars24 noted that these financial trends form the foundation for its upcoming public listing plans.

Introduction Of India’s First Lifetime Warranty on Used Cars

As part of its expansion strategy, Cars24 launched a Lifetime Warranty programme covering major powertrain components. The warranty applies to the engine, transmission, and drivetrain, offering protection for up to 12 years from the date of registration or 1.5 lakh kilometres, whichever arrives earlier.

The initiative aims to address long‑term repair costs and mechanical risks faced by used car buyers. The company said the coverage focuses specifically on failures that appear over extended periods of vehicle ownership.

Eligibility Criteria and Cashless Repair Network

Cars24 clarified that the Lifetime Warranty is available only on Cars24‑certified vehicles sold on its platform. Certification involves detailed inspections to ensure the vehicle meets internal quality standards.

The company also claims to provide cashless repair services at Cars24‑certified workshops across India. This guarantees that all warranty‑related work is conducted within an authorised service ecosystem, maintaining uniformity in repair procedures.

Digital Claims Workflow and Maintenance Requirements

The programme features a fully digital claims process accessible through the Cars24 platform. Customers can register claims online while the company manages vehicle pick‑up and drop‑off for repairs.

Cars24 stated that owners must service their vehicles periodically at certified workshops to retain warranty eligibility. These requirements are aimed at ensuring consistent upkeep and reducing the risk of preventable mechanical failures over time.

Read More: Mahindra Last Mile Mobility Targets Next EV Expansion with Udo E-Auto Launch.

Conclusion

Cars24’s announcement combines its upcoming IPO plans with the launch of a Lifetime Warranty for used cars, marking a significant expansion in both strategic and customer‑focused initiatives. The warranty offers buyers long‑term protection for key powertrain components, while the company’s financial performance sets the stage for a future public offering.

With rising transactions across vehicle services and financing, Cars24 is positioning itself for broader industry participation. The new warranty programme further strengthens the company’s portfolio in India’s used vehicle market.

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