Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M) wholly owned subsidiary -- Mahindra First Choice Services (MFCS) -- multi-brand certified used car company, has projected total investment of almost Rs 125 crore in Uttar Pradesh (UP) over the next five years.

While, the company would invest almost Rs 25 crore for setting up spare part warehouses in UP, the remaining portion of Rs 100 crore investment would accrue from the franchisees operating the auto service workshops.

Currently, it has 66 workshops across 30 odd cities, including four in UP at Noida, Greater Noida and Ghaziabad. By 2016, the company plans to open 30 new workshops in UP.

Mahindra & Mahindra (M&M) is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai, India. Amongst the various business interests of its parent group, the company is mainly involved in the automobile manufacturing. It is one of the leading auto companies of India.