58.20 (1.87%) Mahindra First Choice Wheels (MFCWL), a subsidiary of Mahindra & Mahindra (M&M) has entered into used electric cars segment. The company will offer customers an organized platform to exchange, buy and sell pre-owned electric cars with certification and warranty. MFCWL has joined hands with group firm Mahindra Electric to develop warranty programme for pre-owned electric vehicles.
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.