Mahindra First Choice News

Markets

Are rising sales of used cars in India impacting demand for new cars yet?

Used car dealers such as Mahindra First Choice Wheels reported 40-50% growth in FY19The ratio of used-to-new cars has been steady at around 1.2 in the last three years

2 min read23 Jun 2019
Auto

Mahindra First Choice to buy key assets of Carnation Auto

Mahindra First Choice will buy the Carnation trademark, its website, software licences and Carnation's workshop network

1 min read3 Dec 2018
Companies

GST rate cut likely to revive used car sales

The reduction in the base GST rate and removal of cess should provide impetus to growing the industry and especially to the organized sector, say executives

2 min read22 Jan 2018
Industry

Seven out of ten used cars bought are priced under Rs4 lakh: study

This is in contrast to the buying behaviour of new car buyers, who have been graduating to more expensive models; eight out of every 10 new cars sold cost under Rs8 lakh

2 min read14 Sep 2017
Companies

With Trringo, Mahindra goes online to offer tractors on rent

Trringo will operate on a franchisee-based model and claims to bring in digital technology to the tractor rental business

4 min read15 Mar 2016
Companies

Cox Automotive buys stake in Mahindra First Choice Wheels

The transaction, through a secondary sale, saw one of Mahindra First Choice's early investors, HDFC, selling its entire stake

2 min read2 Dec 2015
Companies

Mahindra First Choice Wheels acquires Autorisk Management

MFCW enhances its inspection capability and reach across India with the acquisition

1 min read14 Oct 2015
Companies

Valiant Capital to invest Rs95 crore in Mahindra First Choice

This is the second round of private equity raised by Mahindra First Choice, with the first one in 2008 from Delhi-based Phi Capital

1 min read20 Mar 2015
Companies

Mahindra First Choice Services appoints YVS Vijay Kumar as CEO

Mahindra First Choice Services appoints YVS Vijay Kumar as CEO

1 min read21 Jun 2011
Companies

M&M to reorganize after-sales business

M&M to reorganize after-sales business

2 min read29 Apr 2008
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