India, March 9 -- CARS24's India used car business CEO Himanshu Ratnoo will be stepping down from his role, sources have told Inc42. 

In an internal note, Ratnoo announced his decision to depart from the startup after an over five year long tenure. Notably, he has been at the helm of CARS24's India used car operations since July 2024. He joined the startup in 2019 as a vice president. 

Cofounder and CEO Vikram Chopra will take over the reins from Ratnoo. "The Indian used cars leadership team will work directly with me for the foreseeable future," Chopra wrote in an internal mail after thanking Ratnoo's for his tenure. 

Prior to joining CARS24, Ratnoo had a near two year long stint with logistics major BlackBuck. The IIM-...