Mahindra & Mahindra Ltd.

BSE: 500520 | NSE: M&M
Large Cap | Automobiles - Passenger Cars
3129.15
43.90 (1.42%)
< Home < Back

M&M’s business unit ‘MFCWL’ to increase dealerships network by 100 in FY14

Date: 27-05-2013

Mahindra & Mahindra’s (M&M) business unit - Mahindra First Choice Services (MFCSL), India’s No 1 multi-brand car workshop company, is planning to increase its dealerships by 100 during the current financial year and is aiming to reach to 200 cities overall across India from 162 at present. 

Further the company is also planning to expand the number of outlets to 500 in the next three years. Meanwhile the company has achieved a growth rate of 35% by selling around 46,000 used cars during 2012-13 and this year it is targeting sales of around 60,000 units of pre-owned cars.

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.