Used car retailer sells a record 220,000 vehicles
Mahindra First Choice Wheels revenue crosses Rs 100 crore in FY2017
Wednesday May 24, 2017
Used car retailer sells a record 220,000 vehicles in the domestic market, marking an increase of 40 percent for FY2017. Mahindra First Choice Wheels has reported an increase of 80 percent in its transaction revenues in FY2017, a year which also saw the company expand its dealer network by 65 percent to 1,200 franchisees in 650 towns in India. Following strong growth in its technology enabled business that includes auctions, inspections and price valuations, the company reported growth of over 200 percent on the back of high customer adoption to technology and launch of new products and services.