Multi-brand pre-owned car company Mahindra First Choice Wheels, part of the $12.5-billion Mahindra Group, is increasing its number of outlets to 180 from the current 140 this fiscal, betting big on growth in sales of used cars.
The company, which opened its first multi-brand super store in Hyderabad, its second in South India after Chennai, has a chain of 10 such super stores across the country.
“Each of these stores can have on display between 75 to 10 pre-owned multi-brand cars,” Mr Rajeev Dubey, President (Group HR) and Member of the Group Executive Board, Mahindra & Mahindra, told media persons here.
He said even though sales of new cars have been flat this fiscal, the rise in demand for pre-owned cars is about 18 to 20 per cent. This segment grew 30 per cent last fiscal.