CARS24 announces the appointment of Kunal Mundra as their new Chief Executive Officer, Cars India today.
Commenting on the new appointment, Vikram Chopra, Co-Founder and CEO, CARS24 India said, “I am delighted to have Kunal Mundra join our team at CARS24. In his new role, Kunal 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 Kunal’s experience across various sectors will go a long way in strengthening CARS24’s 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 Kunal’s 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.”
In the new role created by the company’s founders, Kunal would be responsible for the company’s car business in India. He will also be working closely with the cofounder to device expansion strategy.
Kunal has prior experience in senior roles across several industries including auto, manufacturing and services with over 16 years of experience. An IIM-B Alumnus, he is a seasoned professional with a passion for business building with a staggering portfolio of navigating companies like CEAT and Bain Capital Equity from several daunting challenges.
Speaking about his new role, Kunal Mundra, CEO, Cars India, CARS24 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."
With their rivals moving toe to toe in terms of new portfolio announcements, it will be interesting to see how Kunal leads the company in t growing faster in the coming quarters.