Feb
14
2013

Mahindra First Choice Wheels sells 1 lakh vehicles through its ‘Autobid’ auction platform

February 14, 2013, Mumbai: Mahindra First Choice Wheels Ltd. (MFCWL), India’s No. 1 multi-brand used car company, today announced that it has sold one lakh vehicles through its ‘Autobid’ auction platform (formerly called eDiig). The platform has conducted nearly 7,500 auctions with over 6,500 buyers across nearly 900 locations, making it the leading used vehicle b2b platform in India.

 

L-R: Mr. Rajeev Dubey, President (Group HR, Corporate Services & After-Market) & Member of the Group Executive Board congratulates Mr. Nagendra Palle, CEO, MFCWL on selling more than 1 lakh cars through its Autobid online platform

According to Nagendra Palle, CEO, Mahindra First Choice Wheels Ltd., “Autobid is a world class auction platform that allows for immense flexibility in auction formats which provides excellent liquidity for sellers and buyers, producing the best vehicle values for either customer, with a high conversion rate. The one lakh actual transactions represent the number of vehicles sold through the platform and this scale is testament to the efficacy of the platform and the efficiency of our team. Our intent is to continue to invest in this platform to broaden its reach within India’s used vehicle industry.”

He added, “Our platform offers complete transparency and end-to-end analytics to our corporate and dealer customers and I am confident that it will continue to grow rapidly in the coming years. The success of the auction platform illustrates the growing need for and adoption of the ‘bricks and clicks’ hybrid model by the used vehicle industry. We are looking forward to playing a key role in expanding this model over the next few years.” 

According to B Ganeshkumar, Head of e-business at MFCWL and one of the original founders of eDiig, “It is a proud moment for us to see the transaction numbers rise. We are continuing to innovate with our products and processes to bring the best value to our customers.” 

The company is working on launching a series of products and value added services to support the used vehicle market. It has recently launched two value added services - ‘AutoInspekt’, its vehicle evaluation service, and ‘IBB’, which provides pricing guidance for buyers and sellers, both of which are unique, industry first features. 

As part of the Autobid latform offering, dealers can look forward to new products such as certification, warranty, insurance and financing in the future. The company is focused on building an ecosystem for the dealers with the objective of supporting them in generating traffic to the dealership, sourcing inventory and utilizing technology in order to enable a transparent retail transaction that the consumer can trust.

Sep
24
2012

Mahindra First Choice Wheels to expand footprint in Odisha

September 24, 2012, Bhubaneshwar :Mahindra First Choice Wheels Ltd. (MFCWL), India’s No. 1 multi-brand used car company today announced plans to consolidate its presence in Odisha. Mr. Rajeev Dubey President (HR, After-Market & Corporate Services) & Member of the Group Executive Board, Mahindra & Mahindra Ltd. spoke about the used car industry in Odisha and MFCWL’s intention to expand its network in the state.

“With approximately 2700 used cars sold per month, Odisha forms a strategic market for MFCWL in the East. We currently have five dealers in the state and plan to increase this number to eight by the end of FY2013, reflecting our steady growth in the region,” said Mr. Dubey.

MFCWL dealerships are located in Cuttack, Bhubaneshwar, Balasore, Rourkela and Angul, with one more scheduled to launch in Sambalpore.

The used car industry often focuses only on the car transaction and not on the total experience of car-ownership. With its new look and feel, MFCWL  hopes to change this perception and create a unique, aspirational experience for the used car consumer, right from the point of entry till final exit from its showrooms.

Mahindra First Choice Wheels is the country’s preferred used car mart and is India’s only organized multi-brand player, with 186 outlets in over 100 cities across India. The company plans to expand this number to 500 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified used cars throughout India, including the metros and tier-2 towns and cities.

Tremendous attention to detail is required to ensure that each used car meets a high level of quality. Before purchasing the car, a trained engineer   thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition.

 In short, buying a used car from Mahindra First Choice offers several advantages, including quality assurance, safety and a  hassle-free driving  experience.

To give complete peace of mind to the used car buyer, the company has recently launched two new Warranty products named WARRANTYFIRST and CERTIFIRST.

Subject to specific terms & conditions, WARRANTYFIRST provides Warranty for the major mechanical and electrical components of the car. The concerned components are covered for a period of 12 months or 15,000 km whichever is earlier. The CERTIFIRST Warranty covers the car’s Engine and Transmission for a period of 6 months or 7,500 Km whichever is earlier. 

Both, WARRANTYFIRST and CERTIFIRST come with the facility of 24X7 Road side Assistance across the country. The 24x7 Road Side Assistance, subject to specific terms and conditions, assures the certified used car buyer that should the car break-down, he will be provided assistance.

The products WARRANTYFIRST and CERTIFIRST give tremendous peace of mind to buyers of Certified used cars.

Mahindra FirstChoice has launched its revamped website www.mahindrafirstchoice.com This new website has been developed to provide complete assistance wanting to buy or sell a car. It is also integrated with social networking tools like Facebook, Twitter and Youtube. To help car buyers make an informed decision, the website also has tools like the LIFESTYLE RECCOMMENDER and the TOTAL COST OF OWNERSHIP.

Mahindra First Choice also has retail finance relationships with major banks and NBFCs in the country. For helping car consumers buy their dream cars through loans, Mahindra First Choice has tie-ups with leading companies like HDFC BANK, MAHINDRA FINANCE.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the  automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate , retail, steel and two wheelers. 

For further enquiries

Roma Balwani

Senior Vice President – Group Communications

Mahindra & Mahindra Ltd.

Phone: +91 22 2490 1441

Email: balwani.roma@mahindra.com

Aug
28
2012

Mahindra First Choice Wheels inaugurates 4th Authorized Dealership in Thane

 

August 28, 2012, Thane: Mahindra First Choice Wheels Ltd. (MFCWL), India’s No. 1 multi-brand certified  used car company today inaugurated its 4th authorized dealership in Thane.

Fast Track Cars is located opposite Raheja Gardens, Near Tip Top Plaza on LBS Marg in Thane. The showroom will offer the entire range of services for customers including purchase and sale of certified used cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation.

The showroom was inaugurated by Mr. Yatin Chadha, Vice President – Operations & Network, Mahindra First Choice Wheels Ltd. The new showroom also features the recently unveiled new look and feel of the brand.

“We believe used car buyers have the same aspirations as those who buy new cars. The used car industry often focuses only on the car transaction and not on the total experience of car-ownership. With this new store we hope to change this perception and create a unique, aspirational experience for the certified used car consumer, right from the point of entry till final exit from our showrooms. Our expanding network makes us well positioned to tap the potential of the certified used car market in the region,” said Mr. Chadha

“Since its inception in 2008, Mahindra First Choice Wheels has maintained a reputation as a trustworthy and credible player in the Indian certified used car market. We are sure that this showroom will offer a great experience to consumers in Thane who are interested in buying or selling a car,” he added.

“Mahindra First Choice Wheels already has a strong presence in Thane which is an important market for the used car industry and this new dealership will help it consolidate its footprint and address the potential of premium cars and SUVs in this region,” said Mr. Sushil Sharma, Fast Track Cars.

Mahindra First Choice Wheels is the country’s preferred certified used car mart and is India’s only organized multi-brand player, with 180 outlets in over 100 towns across India. The company plans to expand this number to 500 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified used cars throughout India, including the metros and tier-2 towns and cities. Mahindra First Choice Wheels now has multiple outlets in all the major cities in India.

Tremendous attention to detail is required to ensure that each certified used car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition.

In short, buying a certified used car from Mahindra First Choice offers several advantages, including quality assurance, safety and a hassle-free driving experience.

To give complete peace of mind to the used car buyer, the company has recently launched two new warranty products, namely WARRANTYFIRST and CERTIFIRST.

 Subject to specific terms and conditions, WARRANTYFIRST provides warranty for the major mechanical and electrical components of the car. The concerned components are covered for a period of 12 months or 15,000 km, whichever is earlier. The CERTIFIRST warranty covers the car’s engine and transmission for a period of 6 months or 7,500 km, whichever is earlier.

The products WARRANTYFIRST and CERTIFIRST thus, provide tremendous peace of mind to buyers of certified used cars.

Mahindra FirstChoice has also recently launched its revamped website, www.mahindrafirstchoice.com. This new website has been developed to provide complete assistance to those wanting to buy or sell a car. It is also integrated with social networking tools like Facebook, Twitter and YouTube. To help car buyers make an informed decision, the website also has tools like the LIFESTYLE RECCOMMENDER and the TOTAL COST OF OWNERSHIP.

Mahindra First Choice also has retail finance relationships with major banks and NBFCs in the country. For helping car consumers buy their dream cars through loans, Mahindra First Choice has tie-ups with leading companies like HDFC BANK, MAHINDRA FINANCE etc.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers. 

A USD 15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit  Suisse Great Brands of Tomorrow. In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

For further enquiries

Roma Balwani

Senior VP & Group Head - Corporate Communication

Mahindra & Mahindra Ltd

Phone: +91 22 2490 1441

Email: balwani.roma@mahindra.com

 

Jul
23
2012

Mahindra First Choice Wheels inaugurates Authorized Dealership in Ghaziabad

India’s No. 1 multi-brand certified used car company unveils new look and feel for the brand; now has 27 dealers in Delhi-NCR

July 25, 2012, Ghaziabad: Mahindra First Choice Wheels Ltd. (MFCWL), India’s No. 1 multi-brand certified used car company today inaugurated its authorized dealership in Ghaziabad.

Shri Balaji Motors is located at Angel Mall, Kaushambi in Ghaziabad. The showroom will offer the entire range of services for customers including purchase and sale of certified used cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation.

The showroom was inaugurated by Mr. Harminder Rangar, Zonal Manager-North, Mahindra First Choice Wheels Ltd. The new showroom also features a new look and feel for the brand.

“The used car industry often focuses only on the car transaction and not on the total experience of car-ownership. With this new store we hope to change this perception and create a unique, aspirational experience for the certified used car consumer, right from the point of entry till final exit from our showrooms. Our network in Delhi-NCR has now increased to 27 dealers, making us well positioned to tap the potential of the certified used car market in the region,” said Rangar.

“Since its inception in 2008, Mahindra First Choice Wheels has maintained a reputation as a trustworthy and credible player in the Indian certified used car market. We are sure that this showroom will offer a great experience to consumers interested in buying or selling a car,” he added.

 Mahindra First Choice Wheels is the country’s preferred certified used car mart and is India’s only organized multi-brand player, with 171 outlets in over 100 towns across India. The company plans to expand this number to 500 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified used cars throughout India, including the metros and tier-2 towns and cities.

Tremendous attention to detail is required to ensure that each certified used car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition.

In short, buying a certified used car from Mahindra First Choice offers several advantages, including quality assurance, safety and a hassle-free driving experience.

To give complete peace of mind to the pre-owned car buyer, the company has recently launched two new warranty products named WARRANTYFIRST and CERTIFIRST.

Subject to specific terms & conditions, WARRANTYFIRST provides Warranty for the major mechanical and electrical components of the car. The concerned components are covered for a period of 12 months or 15,000 km, whichever is earlier. The CERTIFIRST warranty covers the car’s Engine and Transmission for a period of 6 months or 7,500 km, whichever is earlier.

The WARRANTYFIRST and CERTIFIRST come with separate facilities of 24X7 Roadside Assistance across the country. The 24x7 Roadside Assistance, subject to specific terms and conditions, assures the certified pre-owned car buyer that should the car break-down, he will be provided assistance.

The products WARRANTYFIRST and CERTIFIRST thus, give tremendous peace of mind to buyers of certified pre-owned cars.

Mahindra FirstChoice has also recently launched its revamped website, www.mahindrafirstchoice.com.

This new website has been developed to provide complete assistance to those wanting to buy or sell a car.

It is also integrated with social networking tools like Facebook, Twitter and Youtube. To help car buyers

make an informed decision, the website also has tools like the LIFESTYLE RECCOMMENDER and the

TOTAL COST OF OWNERSHIP.

Mahindra First Choice also has retail finance relationships with major banks and NBFCs in the country. For

helping car consumers buy their dream cars through loans, Mahindra First Choice has tie-ups with leading

companies like HDFC BANK, MAHINDRA FINANCE etc.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that

drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology

and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace,

components, consulting services, defence, energy, financial services, industrial equipment, logistics, real

estate, retail, steel and two wheelers.

A USD 15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000

people in over 100 countries.

In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed

companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list

of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

Connect with us on www.facebook.com/mahindragroup

For further enquiries please contact:

Ms. Roma Balwani

Senior VP & Group Head - Corporate Communication

Mahindra & Mahindra Ltd

Phone: (+91-22) 24975176

Email: balwani.roma@mahindra.com

 

 

 

Jul
21
2012

Mahindra First Choice Wheels inaugurates three Authorized Dealerships in Kolkata

India’s No. 1 multi-brand used car company unveils new look and feel for the

brand; now has 9 dealers in Kolkata

July 20, 2012, Kolkata: Mahindra First Choice Wheels Ltd. (MFCWL), India’s No. 1 multi-brand pre-owned

car company today inaugurated three authorized dealerships in Kolkata.

Shreeji Auto is located at Chinar Park in Rajarhat, Shantiniketan Wheels is located at Metropolitan, E.M.

Bypass and Shree Automobiles is located at Topsia. The three showrooms will offer the entire range of

services for customers including purchase and sale of used cars, car finance and insurance, fitment of car

accessories and assistance with paperwork and documentation.

The showrooms were inaugurated by Yatin Chadha, Vice President – Operations & Network, Mahindra

First Choice Wheels Ltd. The new showrooms also feature a new look and feel for the brand. This new

image will now be rolled out across the MFCWL network throughout the country.

“The used car industry often focuses only on the car transaction and not on the total experience of car-

ownership. With these new stores we hope to change this perception and create a unique, aspirational

experience for the used car consumer, right from the point of entry till final exit from our showrooms. Our

network in Kolkata has now increased to 9 dealers, making us well positioned to tap the potential of the

used car market in the region,” said Yatin.

“Since its inception in 2008, Mahindra First Choice Wheels has maintained a reputation as a trustworthy

and credible player in the Indian used car market. We are sure that the three showrooms inaugurated today

will offer a great experience to consumers interested in buying or selling a car,” he added.

 

Mahindra First Choice Wheels is the country’s preferred used car mart and is India’s only organized multi-

brand player, with 171 outlets in over 100 towns across India. The company plans to expand this number to

500 outlets in the next three years. This implies that customers will soon be able to choose from a range of

certified used cars throughout India, including the metros and tier-2 towns and cities.

Tremendous attention to detail is required to ensure that each used car meets a high level of quality. Before

purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are

in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a

trained engineer, as part of the company’s robust certification process. The objective behind the care and

diligence exercised is to present the customer with a car in good condition.

 In short, buying a certified used car from Mahindra First Choice offers several advantages, including quality

assurance, safety and a hassle-free driving experience.

 To give complete peace of mind to the pre-owned car buyer, the company has recently launched two new

warranty products named WARRANTYFIRST and CERTIFIRST.

 Subject to specific terms & conditions, WARRANTYFIRST provides Warranty for the major mechanical

and electrical components of the car. The concerned components are covered for a period of 12 months or

15,000 km, whichever is earlier. The CERTIFIRST warranty covers the car’s Engine and Transmission for a

period of 6 months or 7,500 km, whichever is earlier.

 Both, WARRANTYFIRST and CERTIFIRST come with facilities of 24X7 Roadside Assistance across the

country. The 24x7 Roadside Assistance, subject to specific terms and conditions, assures the certified pre-

owned car buyer that should the car break-down, he will be provided assistance.

 The products WARRANTYFIRST and CERTIFIRST thus, give tremendous peace of mind to buyers of

certified pre-owned cars.

 Mahindra FirstChoice has also recently launched its revamped website, www.mahindrafirstchoice.com

This new website has been developed to provide complete assistance to those wanting to buy or sell a car.

It is also integrated with social networking tools like Facebook, Twitter and Youtube. To help car buyers

make an informed decision, the website also has tools like the LIFESTYLE RECCOMMENDER and the

TOTAL COST OF OWNERSHIP.

 Mahindra First Choice also has retail finance relationships with major banks and NBFCs in the country. For

helping car consumers buy their dream cars through loans, Mahindra First Choice has tie-ups with leading

companies like HDFC BANK, MAHINDRA FINANCE.

 About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that

drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology

and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace,

components, consulting services, defence, energy, financial services, industrial equipment, logistics, real

estate, retail, steel and two wheelers.

 A USD 15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000

people in over 100 countries.

 In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed

companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list

of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

Connect with us on www.facebook.com/mahindragroup

 

For further enquiries please contact:

Ms. Roma Balwani

Senior VP & Group Head - Corporate Communication

Mahindra & Mahindra Ltd

Phone: (+91-22) 24975176

Email: balwani.roma@mahindra.com

Jun
27
2012

Mahindra First Choice Wheels inaugurates its largest store in New Delhi

India’s No. 1 multi-brand pre-owned car company unveils new look and feel for the brand; Now has 25+ dealers in Delhi NCR

 

June 27, 2012, New Delhi: Mahindra First Choice Wheels Ltd. (MFCWL), India’s No. 1 multi-brand pre-owned car company today inaugurated its largest store in New Delhi. M/s Garg Automotives LLP is located at RZ 29/2, Vijay Enclave, Dabri Palam Road and is spread across 15,000 sq. ft.

The showroom has a display capacity of more than 50 cars and will offer a range of services for customers including purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation.

Rajeev Dubey, President, After-Market & Member of the Group Executive Board, Mahindra & Mahindra Ltd. inaugurated the new outlet which will also feature a new look and feel for the brand. This new image will now be rolled out across the MFCWL network throughout the country.

The pre-owned car industry often focuses only on the car transaction and not on the total experience of car-ownership. With this new store we hope to change this perception and create a unique, aspirational experience for the pre-owned car consumer, right from the point of entry till final exit. Our network in Delhi NCR has now increased to include over 25 dealers, making us well positioned to tap the potential of the pre-owned car market in the region,” said Rajeev.

Since its inception in 2008, Mahindra First Choice Wheels has established a strong reputation in the Indian pre-owned car industry as a trustworthy and credible player. We are delighted to associate ourselves with the Mahindra name and look forward to offering customers a great purchase experience,” said Mr. Gaurav Garg, Director, M/s Garg Automotives LLP.

Mahindra First Choice Wheels is the country’s preferred pre-owned car mart and is India’s only organized multi-brand player, with 161 outlets in over 100 towns across India. The company plans to expand this number to 500 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified pre-owned cars throughout India, including the metros and tier-2 towns and cities.

Tremendous attention to detail is required to ensure that each pre-owned car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition.

In short, buying a pre-owned car from Mahindra First Choice offers several advantages, including quality assurance, safety and a hassle-free driving experience.

Mahindra First Choice also offers 24x7 Road Side Assistance and warranty on certified pre-owned cars. The warranty, subject to specific terms and conditions, covers the important parts of the car. The 24x7 Road Side Assistance, subject to specific terms and conditions, assures the certified pre-owned car buyer that should the car break-down, he will be provided assistance. This warranty and road side assistance gives tremendous peace of mind to buyers of Certified Pre-Owned Cars.

 

Mahindra First Choice also has retail finance relationships with major banks and NBFCs in the country. As an industry first, Mahindra First Choice has recently partnered with Syndicate Bank to offer consumers finance rates comparable to those for new cars.

Mahindra First Choice also has a website – www.mahindrafirstchoice.com – which offers consumers the luxury of buying and selling pre-owned cars from the comfort of their own homes.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.

A USD 15.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries.

In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

Connect with us on www.facebook.com/mahindragroup 

Apr
12
2012

Mahindra FirstChoice Wheels inaugurates First Authorised Dealership in Kottayam

 

April 12, 2012, Kottayam: Mahindra First Choice Wheels Ltd., India’s largest multi-brand pre-owned car company, today inaugurated the showroom of its Authorized Dealership in Kottayam. Jewel Motors is located at VC building, opposite Heera Apartment, on MC Road. 

The showroom was inaugurated by Honorable Minister for Finance, Kerala state, Sri K. M. Mani, in presence of Honorable Minister of Revenue, Kerala state, Sri Thiruvanchoor Radhakrishnan, Honorable Member of Parliament, Sri Jose K. Mani,.Honorable MLA Sri Suresh Kurup, Honorable MLA Sri Mons Joseph, Honorable Municipal Chairman, Sri Sunny Kalloor, Honorable Sri Thomas Chazikadan, Ex-MLA, Honorable Sri V. N. Vasavan, Ex-MLA and Honorable Municipal Councillor, Sri T. C. Roy. Sri Punnoose Unnithan, Vice President & Zonal Sales Head, HDFC Bank Ltd. was also present on the occasion. The inaugural lamp was lit by Mr. Sharad Agarwal, National Head - Franchisee Operations, Mahindra First Choice Wheels Ltd.

Speaking on the occasion,. Honorable Sri Mani said “I am very happy on inaugurating this showroom which will expand the organized pre-owned car retail industry in Kottayam and in Kerala”. 

Mr. Sharad Agarwal said “Jewel Motors is a well respected name in Kottayam. Their expertise in the region, coupled with our value proposition of trust, transparency and wide choice will ensure that Mahindra FirstChoice is well poised to tap the vast potential of the pre-owned car market in the region,”  

“We are delighted to partner with Mahindra FirstChoice in Kottayam. Jewel Motors will function as a one-stop shop for all those wishing to either buy or sell a car. The showroom will display all varieties of car brands. Customers in Kottayam can also avail of an array of services under one roof. These include purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation,” said Sri Shaiji Kuriakos, Managing Director, Jewel Motors.

Mahindra First Choice Wheels is the country’s preferred pre-owned car mart and is India’s number 1 multi-brand pre-owned car player, with 160 outlets in over 85 towns across India. The company plans to expand this number to more than 350 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified pre-owned cars throughout India, including the metros and tier-2 towns and cities. 

Tremendous attention to detail is required to ensure that each pre-owned car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition. 

In short, buying a pre-owned car from Mahindra FirstChoice offers several advantages, including quality assurance, safety and a hassle-free driving experience. 

Mahindra FirstChoice also offers warranty and 24x7 Road Side Assistance on certified pre-owned cars. The warranty, subject to specific terms and conditions, covers the important parts of the car. The 24x7 Road Side Assistance, subject to specific terms and conditions, assures the certified pre-owned car buyer that should the car break-down, he will be provided assistance. This warranty and road side assistance gives tremendous peace of mind to buyers of Certified Pre-Owned Cars.

Mahindra FirstChoice also has retail finance relationships with major banks and NBFCs in the country. 

Mahindra FirstChoice also has a website – www.mahindrafirstchoice.com – which offers consumers the luxury of buying and selling pre-owned cars from the comfort of their own homes.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.  

A USD 14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries.

In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

For further information, please visit www.mahindra.com

Connect with us on www.facebook.com/mahindragroup

For further enquiries please contact:

Ms. Roma Balwani                                          

Senior VP & Group Head - Corporate Communication                            

Mahindra & Mahindra Ltd                                            

Phone: (+91-22) 24975176                                             

Email: balwani.roma@mahindra.com           

 

Mar
27
2012

Mahindra FirstChoice Wheels inaugurates two Authorised Dealerships in Delhi

MFCWL’s footprint in Delhi NCR increases to 25 outlets

March 27, 2012, Delhi: Mahindra First Choice Wheels Ltd., India’s largest multi-brand pre-owned car company, today inaugurated two Authorized Dealerships in Delhi NCR. Ottomotto is located at Vardhman Star Mall on Mathura Road in Faridabad, while Bharat Motors is located opposite the Mother Dairy plant at Pandav Nagar. The two showrooms were inaugurated by Mr. Sharad Agarwal, National Head - Franchisee Operations, Mahindra First Choice Wheels Ltd.

With the inauguration of these dealerships, Mahindra FirstChoice Wheels’s strength in the Delhi NCR region has increased to 25 outlets.

“Mahindra First Choice Wheels has a considerable presence in Delhi NCR with 25 authorised dealerships and showrooms. Ottomotto and Bharat Motors are well respected names in the capital region. Their local expertise, coupled with our value proposition of trust, transparency and wide choice will ensure that Mahindra FirstChoice Wheels is well poised to tap the vast potential of the pre-owned car market in the region,” said Mr. Agarwal.

“We are delighted to partner with Mahindra FirstChoice Wheels which is an established name in the pre-owned car business in India. Ottomotto will display several varieties of pre-owned car brands and function as a one-stop shop for all those wishing to either buy or sell a car.” said Mr. Bharmit Gaba, Director, Ottomotto.  

“The size of the pre-owned car market in Delhi NCR is around 20,000 cars per month and we hope to harness the potential of the same. Customers visiting our dealership can avail of an array of services under one roof. These include purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation,” said Mr. Navin Bhola, Director, Bharat Motors

 Speaking on the occasion, Mr. Harminder Rangar, Zonal Manager (North), Mahindra First Choice Wheels Ltd added “Today, consumers increasingly prefer buying pre-owned cars from organized players such as Mahindra FirstChoice Wheels, not only because of the convenience factor but also because of the high level of trust and credibility enjoyed by the brand.”   

Mahindra First Choice Wheels is the country’s preferred pre-owned car mart and is India’s only organized multi-brand player, with 135 outlets in over 85 towns across India. The company plans to expand this number to more than 350 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified pre-owned cars throughout India, including the metros and tier-2 towns and cities. 

Tremendous attention to detail is required to ensure that each pre-owned car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition. 

In short, buying a pre-owned car from Mahindra FirstChoice offers several advantages, including quality assurance, safety and a hassle-free driving experience. 

Mahindra FirstChoice also offers 24x7 Road Side Assistance and warranty on certified pre-owned cars. The warranty, subject to specific terms and conditions, covers the important parts of the car. The 24x7 Road Side Assistance, subject to specific terms and conditions, assures the certified pre-owned car buyer that should the car break-down, he will be provided assistance. This warranty and road side assistance gives tremendous peace of mind to buyers of Certified Pre-Owned Cars.

Mahindra FirstChoice also has retail finance relationships with major banks and NBFCs in the country. As an industry first, Mahindra FirstChoice has recently partnered with Syndicate Bank to offer consumers finance rates comparable to those for new cars.

Mahindra FirstChoice also has a website – www.mahindrafirstchoice.com – which offers consumers the luxury of buying and selling pre-owned cars from the comfort of their own homes.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.  

A USD 14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 144,000 people in over 100 countries.

In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

For further information, please visit www.mahindra.com

Connect with us on www.facebook.com/mahindragroup

For further enquiries please contact:

Ms. Roma Balwani                                          

Senior VP & Group Head - Corporate Communication                            

Mahindra & Mahindra Ltd                                            

Phone: (+91-22) 24975176                                             

Email: balwani.roma@mahindra.com        

Feb
15
2012

Mahindra FirstChoice inaugurates its authorised dealership in Navi Mumbai

 

February 15, 2012, Navi Mumbai: Mahindra First Choice Wheels Ltd., India’s largest multi-brand pre-owned car company, today inaugurated its Authorized Dealership in Koparkhairne, Navi Mumbai. Suchit Motors is located at Shop no.1 & 2, Satyam Towers in Sector 20 at Koparkhairne. 

The showroom was inaugurated by Honorable Shri Ganesh Naik, Minister of State Excise & Non-Conventional Energy, Government of Maharashtra and Guardian Minister for Thane District.

Mr. Yatin Chadha, Vice President – Franchisee Business, Mahindra First Choice Wheels Ltd. was the Chief Guest. “Suchit Motors is a well respected name in Navi Mumbai. Their expertise in the region, coupled with our value proposition of trust, transparency and wide choice will ensure that Mahindra FirstChoice is well poised to tap the vast potential of the pre-owned car market in the region,” said Mr. Chadha.

“We are delighted to partner with Mahindra FirstChoice in Navi Mumbai. Suchit Motors will function as a one-stop shop for all those wishing to either buy or sell a car. Suchit Motors will display all varieties of pre-owned car brands. Customers in Navi Mumbai can also avail of an array of services under one roof. These include purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation,” said Mr. Rohit Prabhu, Managing Director, Suchit Motors.

Mahindra First Choice Wheels is the country’s preferred pre-owned car mart and is India’s only organized multi-brand player, with 135 outlets in over 85 towns across India. The company plans to expand this number to more than 350 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified pre-owned cars throughout India, including the metros and tier-2 towns and cities. 

Tremendous attention to detail is required to ensure that each pre-owned car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition. 

In short, buying a pre-owned car from Mahindra FirstChoice offers several advantages, including quality assurance, safety and a hassle-free driving experience. 

Mahindra FirstChoice also offers 24x7 Road Side Assistance and warranty on certified pre-owned cars. The warranty, subject to specific terms and conditions, covers the important parts of the car. The 24x7 Road Side Assistance, subject to specific terms and conditions, assures the certified pre-owned car buyer that should the car break-down, he will be provided assistance. This warranty and road side assistance gives tremendous peace of mind to buyers of Certified Pre-Owned Cars.

Mahindra FirstChoice also has retail finance relationships with major banks and NBFCs in the country. As an industry first, Mahindra FirstChoice has recently partnered with Syndicate Bank to offer consumers finance rates comparable to those for new cars.

Mahindra FirstChoice also has a website – www.mahindrafirstchoice.com – which offers consumers the luxury of buying and selling pre-owned cars from the comfort of their own homes.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers.  

A US $14.4 billion multinational group based in Mumbai, India, Mahindra employs more than 137,000 people in over 100 countries.

In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

For further information, please visit www.mahindra.com

Connect with us on www.facebook.com/mahindragroup 

For further enquiries please contact:

Ms. Roma Balwani

Senior Vice President & Group Head, Corporate Communications

Mahindra & Mahindra Ltd.                                          

Phone: (+91-22) 2490 1441                                        

Fax: (+91-22) 2490 0830                                                        

Email: balwani.roma@mahindra.com

 

 

Sep
11
2011

Second Dealership in Kota

September 1, 2011, Kota: Mahindra First Choice Wheels Ltd., India’s largest multi-brand pre-owned car company, today inaugurated its 2nd authorized dealership in Kota. Auto Cars is located at 621, Mukesh Plaza in Dada Wari in the Bada Choraha area. The showroom was inaugurated by Mr. Harminder Singh Rangar, Zonal Manager-North, Mahindra First Choice Wheels Ltd.

“Auto Cars is a well respected name in Kota. Their expertise in the region, coupled with our value proposition of trust, transparency and wide choice will ensure that Mahindra FirstChoice is well poised to tap the vast potential of the pre-owned car market in the region,” said Mr. Rangar.

“We are delighted to partner with Mahindra FirstChoice in Kota. Auto Cars will function as a one-stop shop for all those wishing to either buy or sell a car. The showroom will display all varieties of car brands. Customers in Kota can also avail of an array of services under one roof. These include purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation,” said Mr. Mayank Vijay, Director, AUTOCARS.

Mahindra FirstChoice Wheels is the country’s preferred pre-owned car mart and is India’s only organized multi-brand player, with 134 outlets in 82 towns across India. The company plans to expand this number to 300 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified pre-owned cars throughout India, including the metros and tier-2 towns and cities.

Tremendous attention to detail is required to ensure that each pre-owned car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in mint condition.

In short, buying a pre-owned car from Mahindra FirstChoice offers several advantages, including quality assurance, safety and a hassle-free driving experience.

Added Mr. Rangar, “Our objective is to completely satisfy each of our customers. Across India, our satisfied customers have been referring their friends and relatives to us”

Mahindra FirstChoice also offers 24x7 Road Side Assistance and warranty on certified pre-owned cars. The warranty, subject to specific terms and conditions, covers the important parts of the car. The 24x7 Road Side Assistance, subject to specific terms and conditions, assures the certified pre-owned car buyer that should the car break-down, he will be provided assistance. This warranty and road side assistance gives tremendous peace of mind to buyers of Certified Pre-Owned Cars.

Mahindra FirstChoice also has retail finance relationships with major banks and NBFCs in the country. As an industry first, Mahindra FirstChoice has recently partnered with Syndicate Bank to offer consumers finance rates comparable to those for new cars.

Mahindra FirstChoice also has a website – www.mahindrafirstchoice.com – which offers consumers the luxury of buying and selling pre-owned cars from the comfort of their own homes.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology and vacation ownership. Mahindra has a presence in the automotive industry, agribusiness, aerospace, components, consulting services, defence, energy, financial services, industrial equipment, logistics, real estate, retail, steel and two wheelers. 

A US $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 119,900 people in over 100 countries.

In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies. In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow.

Its flagship company Mahindra & Mahindra Limited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure Project (CDP).

In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company

Sep
7
2011

Launch of MFCW COCO Store at Hyderabad

 

November 9, 2011: Mahindra First Choice Wheels (MFCW), India’s largest multi-brand pre-owned car company inaugurated its first company owned SuperStore in Hyderabad. The Superstore is located at Kondapur Main Road, near HITEC City, Hyderabad’s IT hub.

The new SuperStore was inaugurated by Mr. Rajeev Dubey, President (Group HR & After-Market) and Member of the Group Executive Board, Mahindra & Mahindra Ltd.

"We are delighted to open our first company-owned multi-brand SuperStore in Hyderabad. This is our second SuperStore in the South, after the Chennai outlet which was inaugurated recently. With this new SuperStore, we will have five outlets in the city with further plans to expand in Hyderabad and to open at least one in each of the key towns in Andhra Pradesh."

The Store will display a wide range of cars across segments and will ensure a great customer experience. It will offer an array of services under one roof, including purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation, in a comfortable ambience.

The SuperStore format offers a new and refreshing sales experience for customers with its innovative and customer-centric approach. It will display vehicles right from the entry level to premium cars.

The very first Mahindra First Choice Wheels SuperStore was inaugurated in Mumbai in August 2007 and the company presently has a chain of ten such SuperStores across India, with a few more to be launched in the coming months. Apart from Hyderabad and Chennai, the company plans to open several more such SuperStores in the South. The company expects to have a national network of about 180 outlets, including franchisees by the end of this fiscal.

Andhra Pradesh market

The ratio of new to pre-owned cars in Andhra Pradesh is 1:1, while the pre-owned car market in Hyderabad stands at about 4,000 – 4,500 cars per month.

Mahindra FirstChoice Wheels plans to sell over 1,000 cars in Hyderabad by the end of this fiscal. Nationally, the company plans to sell over 40,000 cars which represents a growth of 40% over the previous year.

The size of the Indian pre-owned car market is estimated to be about 2.1 million vehicles per year. This market is growing at the rate of approximately 20 per cent annually, indicating great potential for organized players such as MFCW.

The Mahindra FirstChoice value proposition

Mahindra First Choice Wheels is the country’s preferred pre-owned car mart and is India’s only organized multi-brand player, with 140 outlets in over 70 towns across India. The company plans to expand this number to more than 350 outlets in the next three years. This implies that customers will soon be able to choose from a range of certified pre-owned cars throughout India, including the metros and tier-2 towns and cities.

Tremendous attention to detail is required to ensure that each pre-owned car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, every car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in mint condition.

In short, buying a pre-owned car from Mahindra FirstChoice offers several advantages, including quality assurance, safety and a hassle-free driving experience.

Mahindra FirstChoice also offers 24x7 Road Side Assistance and warranty on certified pre-owned cars. The warranty, subject to specific terms and conditions, covers the important parts of the car. The 24x7 Road Side Assistance, subject to specific terms and conditions, assures the certified used car buyer that should the car break-down, he or she will be provided assistance. This warranty and road side assistance gives tremendous peace of mind to buyers.

Mahindra FirstChoice also has retail finance relationships with major banks and NBFCs in the country. Mahindra FirstChoice also has a website – www.mahindrafirstchoice.com – which offers consumers the luxury of buying and selling pre-owned cars from the comfort of their own homes.

About The Mahindra Group

The Mahindra Group focuses on enabling people to rise. Mahindra operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, information technology, vacation ownership, rural and semi-urban financial services, etc. Mahindra has a significant and growing presence amongst others, in the automotive industry, agribusiness, aerospace, automotive components, consulting services, defence, energy, industrial equipment, logistics, real estate, retail, steel and two wheelers.

A US $12.5 billion multinational group based in Mumbai, India, Mahindra employs more than 1,37,000 people in over 100 countries. In 2011, Mahindra featured on the Forbes Global 2000 list, a listing of the biggest and most powerful listed companies in the world. For four years in a row, Mahindra has featured in the Forbes Asia’s Fab 50 List of the 50 best publicly traded companies in the Asia-Pacific regions. Dun & Bradstreet also ranked Mahindra at No. 1 in the automobile sector in its list of India’s Top 500 Companies.

In 2010, Mahindra featured in the Credit Suisse Great Brands of Tomorrow. Its flagship company Mahindra & Mahindra Limited is the only Indian automobile manufacturer to feature in the top 10 list of the Carbon Disclosure Leadership Index in India - 2010, created by the Carbon Disclosure (CDP). In 2011, Mahindra acquired a majority stake in Korea’s SsangYong Motor Company.

For further information, please visit www.mahindra.com

Connect with us on www.facebook.com/mahindragroup