Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
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M&M’s business unit MFCWL aims to sell 7,000 SCVs in FY16

Date: 18-06-2015

Mahindra & Mahindra’s (M&M) wholly owned subsidiary -- Mahindra First Choice Wheels (MFCWL) -- multi-brand certified used car company has set a target of selling around 7,000 units of small commercial vehicles (SCVs) this financial year. The company has sold about 1,900 units in small commercial vehicles till last financial year.

The company has sold a total of 69,000 units last year and is expecting 88,000 units this year. The company currently has 57 SCV outlets and a total of 515 outlets across the country.

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.