Mahindra & Mahindra Ltd.

Mahindra & Mahindra’s (M&M) - business unit - Mahindra First Choice Wheels (MFCWL), India’s No 1 multi-brand pre-owned car company has inaugurated two outlets located at Ahmedabad in Gujarat. With the inauguration of these two outlets, the company has reached a significant milestone of 200 outlets.

In Gujarat state, the company has now got dealerships in Ahmedabad, Mehsana, Bhuj and Vapi. The company has got seven dealers in the state and plans to increase the number to 12 by the end of FY-2013.

Over the next three year the company targets to increase the number of outlets to 500, including in metros and TIER-II towns and cities. Over the last five years the company has grown at a CAGR of 40% even in the current year when the growth rate for new passenger vehicles is at 6%.

Mahindra & Mahindra is the flagship company of the Mahindra Group. The company’s core automotive and farm equipment businesses have grown into market leaders whose triple bottom line ethic is driving industry trends towards technological innovation, social responsibility, and constantly improving customer satisfaction.