Mahindra First Choice Wheels opens 2 outlets in Bengaluru
The new outlets named Zippy Automart, and Renew 4 u Automobiles are located in the MSR Layout, Tumkur Road, and on the Sarjapur Road, respectively.
Mahindra First Choice Wheels Ltd
Mahindra First Choice Wheels Ltd Overview
INDIA HO
MUMBAI CITYCOMPANY SIZE
665INDIA HO
MUMBAI CITYCIN
U64200MH1994PLC083996CATEGORY
Company limited by sharesSUB-CATEGORY
Indian Non-Government CompanyWEBSITE
www.mahindrafirstchoice.comFOUNDED
1994-12-22PAID-UP CAPITAL
818,143,900AUTHORISED CAPITAL
900,000,000Mahindra First Choice Wheels Ltd in News
Used cars business pegged at 71 lakh by FY25: Mahindra FirstChoice
The estimated market size of used-car industry is pegged at 71 lakh by FY25, according to the Indian Blue Book (IBB) carandbike.com report released on Wednesday by Mahindra FirstChoice. It said the size of used-car industry is expected to be 90 per cent larger than the size of new-car industry in terms of volumes in the next three years.
ETAuto Originals: Silver lining for used car business amidst the coronavirus pandemic
The Indian used car business might see an upswing in sales post COVID-19 amidst depressed demand for new vehicles as well as preference for personal transport increasing amongst ‘cash-strapped’ consumers due to health and hygiene issues.
GST Rate on Used Cars: Creating An Unintended Challenge for the Automotive Industry
At 3.3 million vehicles, the used car industry in India is now larger than the new car industry by way of volume and plays a significant and critical role in enabling the new car industry. In our estimate, 27% of all new car sales to consumers are enabled by an exchange of their prior vehicle. It also plays a fundamental role in satisfying masses of young aspiring families striving to buy their first set of wheels. GST rates on used cars need a rethink, says Nagendra Palle, CEO and MD, Mahindra First Choice Wheels
Mahindra First Choice posts 40% rise in sales in FY17
The company ended the year with over 1,200 franchise outlets and completed over 1.2 million inspections, Mahindra First Choice Wheels said in a statement.
Currency Ban: New & used car retail to fall by over 30% in November
The used car sales have been hit badly. According to industry experts the sales are expected to go down by 50%, which may result into a revenue loss of about Rs 3,900 crore.
Repossessed vehicle an opportunity for Mahindra First Choice Wheels
Although this segment is nearly 6,00,000 units a year, the organized sector contributes to only 30% of the repossessed vehicle market.
Mahindra First Choice Wheels launches live online-offline auction platform
The platform, the first such initiative in India, will significantly improve efficiency of how vehicle auctions are conducted in India today, informed the company in an official statement.
Used car market witnesses steady growth as new car sales hit a speed bump
As the industry grows, it is also evolving structurally. For long, dominated by small car dealers, slowly but steadily the industry is getting organised.
Indian used car market to more than double to 7 mn units by 2020: Nagendra Palle, Mahindra First Choice
Just under half (45%) of all pre-owned cars sold are in Metros. Non-metros account for over half (55%) the pre-owned car volume sold and are growing faster than the metros.
Petrol cars outsell diesel ones in Chennai
Auto experts say this shows there is latent 'aspirational' demand for diesel vehicles particularly from bigger cities where buying a new diesel car is increasingly becoming more difficult and expensive.
Mahindra First Choice Wheels opens its first commercial vehicle outlet in Karnataka
The company’s footprints currently encompass 705 dealerships and it plans to expand this number to 1000 outlets in next fiscal year.
Demand for used vehicles rises post floods in Chennai
Palle says the beginnings of this consumer demand are noticeable on their wholesale platform for used cars, where insurers auction off repossessed cars to car dealers.
Mahindra First Choice Wheels opens first dealership in Hooghly, West Bengal
Mahindra First Choice Wheels' footprint in the East currently encompasses 142 dealerships and it further plans to expand this number to 170 outlets by year end.
Global emission scandal hurting VW India in used car market; sister brands remain untouched
Used car customers were already skittish and this global issue has made them even more so. It's only a matter of time before the price of Volkswagen cars come under pressure in the used car market.
Mahindra First Choice Wheels opens 24th authorized dealership in Punjab
The company is planning to open as many as 700 outlets in th country in FY16. MFCWL’s footprint in the North currently encompasses 169 dealerships and it further plans to expand this number to 200 outlets by year end.
Mahindra First Choice aims to sell 7,000 SCVs in FY16
The company currently has 57 SCV outlets and a total of 515 outlets across the country.
Mahindra First Choice Wheels opens 2nd dealership in Khandesh
Auto Cares will serve as a one-stop shop, offering customers a range of services, including purchase and sale of multi-brand certified used cars, car finance, insurance, fitment of car accessories and assistance with paperwork and documentation.
Mahindra's used vehicle business to grow at 25-30 percent
Auto major Mahindra & Mahindra controlled second hand vehicle arm Mahindra First Choice Wheels Ltd is expanding at healthy pace of over 25 percent.
Mahindra First Choice Wheels eyes 35% sales growth in 2015
Giving a break of the sales so far in the year, he said 70,000 units have been sold by the company via physical outlets while 80,000 units have been sold using online platform.
Directors of Mahindra First Choice Wheels Ltd
| Name | DIN | Designation | Date of joining | |
|---|---|---|---|---|
| Anand Gopal Mahindra | 4695 | mahindra.anand@mahindra.com | Director | 16 Jun,2000 |
| Sangeeta Talwar | 62478 | sangeetatalwar56@gmail.com | Director | 31 Mar,2015 |
| Rajeev Bidyanand Dubey | 104817 | rajeevdubey.mahindra@gmail.com | Director | 01 Dec,2004 |
| Rajesh Ganesh Jejurikar | 46823 | rjejuri@gmail.com | Director | 27 Jan,2016 |
| Anupam Thareja | 1091533 | at@phicapital.in | Director | 16 Jun,2008 |
| Sivaram Padmanabhan | 66864 | shiva1953@gmail.com | Director | 16 Jun,2008 |
| Narendra Mairpady | 536905 | narendra.mairpady@gmail.com | Director | 18 Sep,2015 |
| Christopher Robert Hansen | 7189662 | null | Director | 26 Mar,2018 |
| Sanjay Mohan Labroo | 9629 | sanjay.labroo@aisglass.com | Director | 14 Jan,2000 |
| Ashutosh Sudhakar Pandey | 8166731 | null | Managing Director | 16 Jul,2018 |
| Ramesh Ganesh Iyer | 220759 | iyer.ramesh@mahindra.com | Director | 30 Aug,2004 |
| Pawan Kumar Goenka | 254502 | goenka.pawan@mahindra.com | Director | 29 Apr,2006 |
| Rob Huting | 7976619 | rob.huting@coxautoinc.com | Director | 30 Jan,2018 |
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