Mahindra First Choice Wheels Introduces "Edition"

India’s First Premium Used Cars Franchise Network

Mumbai, September 24, 2018: Mahindra First Choice Wheels, India’s leading multi-brand certified used car company today launched its “Edition” brand, the country’s first Premium used cars franchise network.

Mahindra First Choice Services Forays into Branded Generic 2-Wheeler Spare Parts

Mumbai, February 12, 2018: Mahindra First Choice Services (MFC Services), India’s largest chain of multi-brand car service workshops, and a fully owned subsidiary of the USD 19 billion Mahindra Group, has announced its foray into branded generic 2-wheeler spare parts. MFC Services has a strong foothold in the 4-wheeler spare parts segment with its branded spare parts label – MFC Spares.

Mahindra First Choice Wheels Raises $15 Million valuing the company at $265 Million

- Funds are primary infusion into the company to fund growth over the next 18 months
- Existing investors participating in this round
- Over the last five years, monthly revenue growth for the company at 3.5% with annual growth rate of over 50%
- Last primary raise for the company was in March 2015 at a valuation of $115 Million