Cars24 Shuts Down Outlets In Delhi

New Delhi: As consumption slowdown and liquidity crunch hit the auto industry including the second-hand car market, Gurugram-based online used car marketplace Cars24 has reportedly shut down a dozen stores in the national capital, saying it is in the process of “addressing anomalies”. Cars24 said on Saturday it was in the process of addressing “anomalies observed with a few properties” after the media reported on Friday that half-a-dozen landlords in Delhi sent legal notices to the Sequoia-funded platform for allegedly not paying rents for months and shutting down outlets in violation of lease agreements. (IANS)

Also Read: Elon Musk Now Most Tenured CEO In Global Auto Industry