Mahindra group expands used-car biz

The Mahindra & Mahindra group is reportedly planning to grow its used car business.

According to the reports, the group is expecting the sales volume from its multi-brand pre-owned car company, Mahindra First Choice Wheels to go up to 18,000 units from 10,255 last year. The car company operates a pan India network through 114 centres, including 6 company-owned outlets, in the superstore and smaller formats.

Reports suggest the sale of pre-owned vehicles stood at Rs 220 crore last year and this year the company is expecting it to be Rs 400 crore.