Ahmedabad: Certified car user player Mahindra First Choice Wheels Ltd (MFCWL) Wednesday took the number of its outlets to 200 with the opening of two outlets here.
"With the inauguration of two outlets in Ahmedabad today, we have reached a significant milestone of 200 outlets," said Rajeev Dubey, President HR, After-Market & Corporate Services.
The company targets to have 500 outlets over the next three years, including in metros and tier-II towns and cities.
"We are well on our way to achieve the target of having 500 outlets by FY-2015," he said.
"We have grown at a CAGR of 40 percent over the last five years and even in the current year when the growth rate for new passenger vehicles is at 6 per cent," Dubey said.
With around 15,000 used cars sold per month, Gujarat is a strategic market for the company, he said.
"We presently have seven dealers in the state and plan to increase the number to 12 by end of FY-2013."
MFCWL has dealerships in Ahmedabad, Mehsana, Bhuj and Vapi.
First Published: Wednesday, October 24, 2012, 19:29