MAM
CarDekho appoints Sharad Saxena as CEO of used car business
Mumbai: Homegrown auto-tech company CarDekho Group has appointed Sharad Saxena as CEO of the used car business. He will operate out of the company’s Gurugram office and will report to CarDekho Group CEO and co-founder Amit Jain.
In this role, Saxena will oversee the pan-India used car business of the company, team development and work on strengthening the organisation’s business offering through retail and dealer relationships, said the company in a statement.
“Sharad’s proven track record of scaling up varied businesses profitably in demanding circumstances, team development and strategic thinking will be immensely beneficial as we embark on CarDekho’s next growth phase,” stated Amit Jain. “His deep knowledge and expertise will enable us to supercharge the Used Car business while we continue delighting our customers.’
With 16+ years of experience in various globally reputed organisations across a wide range of sectors, Saxena has built and nurtured several high-performing teams and businesses. He is a well-respected business leader with expertise in strategic business management, large-scale business transformation, and people leadership.
Before joining CarDekho, he was working with McKinsey & Co India as a senior advisor serving large pharma and healthcare clients on business strategy, commercial excellence, and digital transformation. Before McKinsey, he was working with OYO Rooms as COO for their flagship hotels franchise business in South Asia. His other professional experience spans different marquee organisations (ITC Ltd, Max Healthcare, Ranbaxy) in various strategic capacities.
He is an alumnus of IIT Delhi and IIM Ahmedabad.
“I am very excited to be a part of the CarDekho Group and lead the used car team, which has achieved several milestones in the recent past,” said Sharad Saxena. “I look forward to working with the team to provide an exceptional experience to our customers, execute the organization’s growth plans and create exponential value for all the stakeholders.’
With a presence in over 100 markets across India, CarDekho is on track to launch its flagship CarDekho Mall and mega refurbishment factories across multiple cities throughout the country, said the statement.
Brands
Maharashtra panel orders Lodha to refund Rs 5 crore to homebuyers
Consumer court flags unfair practices in long-running property dispute case
MUMBAI: In a sharp rebuke to one of India’s biggest real estate players, the Maharashtra State Consumer Disputes Redressal Commission has directed Macrotech Developers to refund nearly Rs 5 crore to a senior citizen couple, Uttam and Anindita Chatterjee. The ruling, delivered on March 13, 2026, calls out the developer for “deficiency in service” and “unfair trade practices”, bringing closure to a dispute that has stretched over a decade.
The case traces back to 2015, when the couple booked a 3-BHK flat at World Towers in Lower Parel for Rs 12.22 crore, with possession promised within a year. What followed was a series of changes that complicated matters. After deciding to exit the project, they were persuaded to shift to a 4-BHK in another development priced at Rs 8 crore, with delivery scheduled for 2018. However, within months, the price was allegedly increased to Rs 10 crore. After demonetisation reshaped the market, similar flats were reportedly being offered at lower prices, but the couple were not given the benefit.
Despite paying over Rs 2.83 crore, the couple neither received possession nor clarity. Instead, in 2018, the developer unilaterally cancelled the booking, retained part of the amount as earnest money, and argued that the buyers were investors rather than consumers. The commission rejected this claim, observing that casual references to “investment” do not take away consumer rights when the purchase intent is residential.
The bench also held that the developer could not penalise buyers for payment delays while failing to meet its own delivery commitments. It noted the lack of formal documentation for revised terms and termed the prolonged retention of funds without delivering a home as exploitative.
As part of its order, the commission directed the developer to refund Rs 2.83 crore paid by the couple, along with interest at 10 per cent per annum, amounting to around Rs 2.12 crore. In addition, Rs 1 lakh has been awarded for mental agony and Rs 50,000 towards litigation costs, taking the total payout to over Rs 5 crore. The developer has been asked to comply within two months.
For now, the ruling serves as a reminder that in real estate, shifting terms and delayed promises can carry a significant cost.
