Partnership Announcement
Cars24 and Alba Cars have announced a strategic partnership that combines their UAE used‑vehicle retail operations, which together sell more than 1,000 cars each month, making the combined entity one of the largest used‑car retailers in the United Arab Emirates.
Company Backgrounds
- Cars24: Founded in 2015, Cars24 operates a global automotive‑technology platform across India, the UAE and Australia. It offers digital buying and selling services, vehicle financing, refurbishment and a broad automotive infrastructure.
- Alba Cars: Also founded in 2015 in Dubai, Alba Cars has grown into a premium used‑car retailer with a team of over 200 professionals, approximately 300 vehicle sales per month and an inventory covering more than 20 automotive brands.
Complementary Strengths
The partnership leverages Alba Cars’ strong premium retail presence, established customer relationships, digital‑marketing expertise and recognised UAE brand, while Cars24 contributes its global technology platform, financing capabilities and extensive infrastructure.
Leadership Comments
- Abhinav Gupta, CEO of Cars24 Arabia, said that Alba Cars’ reputation and local market understanding complement Cars24’s technology and scale, and that the deal is a key step toward building one of the region’s largest automotive businesses.
- Talib Alrubai, Founder and CEO of Alba Cars, highlighted that the collaboration offers an “exciting next chapter,” allowing both teams to combine Alba’s brand and customer base with Cars24’s technology and international experience.
Transaction and Integration Details
As part of the transaction, the operating businesses behind Alba Cars are now incorporated into the wider Cars24 global group. Alba Cars will retain its established brand, existing team and leadership, while selected support functions and infrastructure will be progressively integrated with Cars24’s systems.
Future Outlook
The combined entity will focus on expanding automotive retail operations across the UAE, strengthening digital capabilities, and investing in infrastructure to sustain growth. Both parties share a long‑term ambition to build a leading automotive platform that blends international technology and resources with strong local expertise and customer relationships.
About the Companies
- Cars24: A global automotive‑technology company simplifying vehicle buying, selling, financing and ownership, operating in India, the UAE and Australia. Website: www.cars24.ae
- Alba Cars: A Dubai‑based premium used‑vehicle retailer with a team of more than 200 professionals, an inventory of over 20 brands and roughly 300 vehicles retailed each month. Website: www.albacars.ae