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Hotline: +91-991 5466 777
Hotline: +91-991 5466 777

MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise

MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise
Category : Automotive Investment: Rs. 30 Lac - Rs. 50 Lac 400

Mahindra First Choice Franchise Mahindra First Choice Wheels Ltd. (MFCWL) is the country’s preferred used car mart and is India’s number one multi-brand certified used car player. The company plans to expand this number to 500 outlets BY FY17. This implies that customers will soon be able to choose from a range of certified used cars throughout India, including the metros and tier-2 towns and cities. MFCWL closed F-14 with sales of approx. 60,000 used cars, which is 30% growth over the last financial year. Tremendous attention to detail is required to ensure that each used car meets a high level of quality. Before purchasing the car, a trained engineer thoroughly inspects the vehicle and also sees to it that all papers are in order. After purchase, the car is refurbished and undergoes an extensive 118 point quality check by a trained engineer, as part of the company’s robust certification process. The objective behind the care and diligence exercised is to present the customer with a car in good condition. In short, buying a used car from Mahindra First Choice offers several advantages, including quality assurance, safety and a hassle-free driving experience. To give complete peace of mind to the used car buyer, the company has Warranty products like WARRANTYFIRST, CERTIFIRST and CERTIFIRST+. Subject to specific terms and conditions, WARRANTYFIRST provides Warranty for all the major mechanical and electrical components of the car. The concerned components are covered for a period of 12 months or 15,000 km, whichever is earlier. The CERTIFIRST Warranty covers the car’s Engine and Transmission for a period of 6 months or 7,500 Km, whichever is earlier while CERTIFIRST+ covers for a period of 12 months or 15000 kms, whichever is earlier. The Warranty products come with the facility of 24X7 Roadside Assistance across the country. The 24x7 Roadside Assistance, subject to specific terms and conditions, assures the certified used car buyer that should the car breakdown, he will be provided assistance. The Warranty product gives tremendous peace of mind to buyers of certified used cars. Mahindra First Choice has a website  - which provides complete assistance to customers wishing to buy or sell a car. Mahindra First Choice also has retail finance relationships with major banks like Mahindra Finance, HDFC, Kotak Mahindra and ICICI Bank for helping consumers buy their dream cars through loans. Mahindra First Choice Wheels Ltd. also has a significant presence in the online space. Through its ‘Autobid’ auction platform it has sold more than 1.5 lakh vehicles till date. The company has also launched a new product, the Indian Blue Book (IBB) which is the most comprehensive unbiased resource for consumers and dealers to determine the value of their used cars. A new product for car evaluation by the name of ‘Autoinspekt’ has also been launched. This is based on the famed 118 point check list for car evaluation. Hurry up!buy Mahindra First Choice Wheels Ltd. franchise now.

MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise Investment Details

Commenced Dates

Date Commenced Operations 1999
Date Commenced Franchising / Distribution 2008

Franchise Details

Units

Area Investment Franchise/Brand Fee Royalty/Commission
Store Wise Rs. 30lac - 50lac Rs. 35,000 - 75,000  

Expansion Locations

North New Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal
South Kerala, Karnataka, Tamil Nadu
East Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim
West Gujarat, Rajasthan, Maharashtra, Goa
Center Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Union Territories Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu

Franchise Details (Optional)

Want to expand

 Nationwide

Exclusive territorial rights to a unit No
Performance guarantee to unit franchisee No
Anticipated percentage return on investment 30-50%
Likely pay back period of capital for a unit franchise 9-12 months
Other investment requirements CAPEX of approx. Rs.5,00,000 depending on city type

MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise Training Details

Detailed operating manuals for franchisees

 Yes

Where is franchisee training provided? Regional offices and at dealerships
Is field assistance available for franchisee? Yes
Will someone from Head Office provides assistance to franchisee in opening the franchise? Yes
What IT systems do you presently have that will be included in the franchise? Yes

MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise Property Details

Type of property required for this franchise opportunity Office area and vehicle display area of 15-20 cars
Floor area requirement 1500 sq.ft. of built-up area for office . (1 Sq Meter = 10.76 Sq Ft.)
High traffic area like main roads, malls  

MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise Other Details

Do you have a standard franchise agreement? Yes
How long is the franchise term for? 5 years
Is the term renewable? Yes
MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise

MAHINDRA FIRST CHOICE WHEELS LIMITED - Franchise

Category : Automotive
Area Req :
Franchise Outlets : 400
Investment: Rs. 30 Lac - Rs. 50 Lac

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