Mahindra First Choice Wheels eyeing 25% growth in FY16

Mahindra First Choice Wheels today said it is eyeing 24-25 per cent growth in 2015-16 fiscal, besides adding 200 more outlets across the country.
"We currently have 500 franchisee outlets in 270 cities across India. In 2014-15, we have sold 69,000 cars and in the next fiscal we are targeting a growth of 24-25 per cent," Mahindra First Choice Wheels senior vice-president Yatin Chadha said here today.
Talking about the growth in its revenue, Chadha said besides adding more financing firms they are also eyeing strengthening their customer services.
"We are trying to get into a tie-up with more and more finance companies and expand our customer assistance programmes," he said.

Mahindra First Choice Wheels, which has 57 outlets across the country in the used smaller commercial vehicles section, is also performing well in the organised used-car market space, said Chadha, adding that in the segment, Mahindra First Choice Wheels has sold major brands like Maruti, Honda and Hyundai this year.