Mahindra First Choice to expand footprint to 1,000 outlets

The company opened its 12th dealership in Telangana; All-India network up at 701 outlets

Multi-brand used car company, Mahindra First Choice Wheels Limited (MFCWL), is planning to expand its footprint to 1,000 dealerships by the end of the next financial year, according to its chief executive officer and managing director Nagendra Palle.

The company currently has a network of 701 outlets spread across 300 locations in the country which includes metros, mini-metros and smaller towns.

Inaugurating MFCWL's 12th outlet in Telangana on Tuesday, Palle said the company was growing at a compound annual growth rate of of 35 per cent by volumes over the last five years.

"The cumulative retail footprint under the Mahindra First Choice brand is now in excess of 850,000 sft," he said, adding that MFCWL was the market leader in the online auction space, having sold in excess of 300,000 vehicles through its 'eDiig auction platform.