Mahindra & Mahindra Ltd.

With the country’s used car market getting bigger by the day and outpacing the new car market in terms of volumes, the multi-brand chain Mahindra & Mahindra’s (M&M) business unit - Mahindra First Choice Wheels (MFCWL), multi-brand certified used car company is set to rapidly expand its chain of network of retail franchises. The company is also expecting to take it past the 450 mark by end of FY15, up from 380 present.

Recently, MFCWL expanded its presence in South India with the inauguration of its authorized dealership ‘Xspeed Wheels’ in Hyderabad. The showroom is located at Kondapur.

Last year, the company facilitated sales of more than 57,000 cars through dealers and about 70,000 cars sales through business to business platform.

Mahindra First Choice Wheels (MFCWL) is the country’s preferred used car mart and is India’s number one multi-brand certified used car player. The company plans to expand this number to 500 outlets over the next two years.