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MAHINDRA FIRSTCHOICE WHEELS
Pre-owned car market expected to touch 1.09 cr units by FY28: ReportIndia's pre-owned car market, as per the Indian Blue Book report, is expected to expand to 1.09 crore units valued at USD 73 billion by FY2...- Ashok Leyland to enter used commercial vehicles businessPre-owned or re-purposed vehicles sector is experiencing exponential and consistent growth since the beginning of the pandemic due to the i...
- Mahindra First Choice Wheels launches 75 franchise stores across India in single dayThe new stores will offer all the facilities and services that the company's brand represents, including certified used-car sales, warranty...
- With pandemic pinching the wallet, used cars gear up for sales spurtWith car companies taking multiple price hikes in the last 6-8 months, customers are looking at used cars to better fit tighter budgets.
- Meru Cabs in stake sale talks with Japan’s Orix AutoMeru Mobility, in which Mahindra has a 55% stake, also has plans to raise Rs 350-400 crore from a clutch of strategic investors.
- VS Parthasarathy resigns from Mahindra Group, to pursue personal interestsHe was spearheading the newly formed Mobility Services Sector (MSS), a growth driver and incubation platform for future investments by the ...
- Automatics find more buyers in used car marketThe demand for automatic is split 50:50 between metro and non-metro markets. Cities like Jaipur, Indore, Coimbatore, Mangalore and Ahmedaba...
- Mahindra First Choice Wheels launches 50 new franchise stores across IndiaDespite a slowdown in the economy due to the ongoing pandemic, MFCWL has continued to grow and expand its store network on the back of dema...
- Used car, bike sales grow on fear of public transportWhile banks and NBFCs are still reluctant to finance used bikes, the good news is the financing penetration has gone up in pre-owned cars a...
- Tata CLiQ CEO Ashutosh Pandey quits, to join MahindrasTata CLiQ said chief operating officer Vikas Purohit would replace Pandey. Purohit, a former head of fashion at Amazon India, would assume ...
- Mahindra First Choice Wheels raises $15 million in fresh funding roundThe latest round of funding values the decade-old, Mumbai-headquartered company at $265 million, post money, the company said in a statemen...
- Base metals: Copper down, nickel upAnalysts said a weak trend at the domestic spot markets weighed on copper prices.
- Mahindra First Choice Wheels to sell used premium bikesThe company, which today opened its first outlet for used premium motorcycles of 250 cc and above, plans to have at least 50 such showrooms...
- US-based Cox Automotive buys stake in Mahindra First ChoiceCox Automotive has acquired a significant strategic stake in Mahindra First Choice Wheels, the used-car retailing unit of Mahindra & Mahind...
- Mahindra Group may allow 'intrapreneurs' to invest in its startupsThe Mahindra Group is considering a proposal to allow employees to invest in startups being incubated within the organisation.
- Mahindra First Choice aims to sell 7,000 commercial vehicles in FY16On the company's overall business performance, he said it sold 69,000 units last year and is expecting 88,000 units this year.
- Mahindra's used vehicle business to grow at 25-30 percentAuto major Mahindra & Mahindra controlled second hand vehicle arm Mahindra First Choice Wheels Ltd is expanding at healthy pace of over 25 ...
- Now, buy pre-owned tractors online from portals like IBB TractorsWith these new initiatives MFCW hopes to sell 1.5 lakh vehicles this financial which will include bother from the brick and mortar and onli...
- We expect used-car market to be double of new car market in 5 years: Rajeev Dubey, HR President, Mahindra & MahindraThe size of the used-car market in India is either equal to, or slightly larger than, the size of the new car market, says Rajeev Dubey, HR...
- Mahindra FirstChoice plans IPO in next 3 yearsMahindra FirstChoice Wheels, the largest multi-brand pre-owned car company in the country and a subsidiary of Mahindra & Mahindra, today sa...
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