Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 16 2014

Mahindra First Choice Wheels opens its fourth store in Indore

India’s multi-brand certified used car company Mahindra First Choice Wheels ltd (MFCWL) opened its fourth authorised dealership in Indore.

Mahindra First Choice Wheels opens its fourth store in Indore

India’s multi-brand certified used car company Mahindra First Choice Wheels ltd (MFCWL) opened its fourth authorised dealership in Indore. Currently at 351 outlets pan-India, the brand plans to expand MP footprint to 21 outlets by year end. Spread over an area of 2000 sq. ft, the outlet was inaugurated by Yatin Chadha, Senior Vice President - Retail Business, Mahindra First Choice Wheels Limited.

With this inauguration, our network strength has expanded to 13 dealerships in Madhya Pradesh, with four in Indore alone. The average size of the used car market in the state is 6000 cars, which makes Indore a strategic market for the company and we look forward to working with Gujarat Motors – one of the top used car dealers in Indore - to further enhance our presence in the region,” said Yatin Chadha, Senior Vice President - Retail Business, Mahindra First Choice Wheels Limited.

Mahindra First Choice Wheels currently has a significant presence in Madhya Pradesh with 13 dealerships in eight cities and further plans to expand this number to 21 outlets by year end. Key focus towns include Bhopal, Jabalpur, Gwalior, Ujjain, Khandwa, Sagar, Narsimhapur, Satna. MFCWL closed FY 14 with 351 outlets, a growth of 30 per cent from FY13. These outlets are present in 208 towns across the country, with 64 towns boasting of more than one outlet. MFCWL’s B2B auction volumes increased over 50 per cent with nearly 60 commercial sellers using the platform to sell vehicles to nearly 10,000 wholesale buyers. Between its retail, wholesale and inspection services, the MFCWL enterprise participated in 1, 50,000 used vehicle transactions.

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • About Us: Evolve is a category leader for unique decorative..
    Locations looking for expansion Maharashtra
    Establishment year 2013
    Franchising Launch Date 2019
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Mumbai Maharashtra
  • Casual Dine Restaurants
    About Us: More than 50 years of experience in the F&B..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Ahmedabad Gujarat
  • GPS Navigaiton & Tracking System
    About Us: VICOM Security (P) Ltd., a 25-year-old, Electronic Security organization..
    Locations looking for expansion West bengal
    Establishment year 1995
    Franchising Launch Date 2003
    Investment size
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Circus avenue West bengal
  • Bike Rental
    About Us: Dos Wheeler is a leading e-vehicles rental company that..
    Locations looking for expansion West bengal
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 450
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Saltlake West bengal
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities