Mahindra's FirstChoice Wheels plans chain of 300 outlets Pan-India

Mumbai: Mahindra & Mahindra (M&M), India’s leading automotive major and a diversified global multi-national, today announced that FirstChoice Wheels (the country’s largest chain of multi-brand pre-owned cars), has raised Rs. 80 crore through a private placement and rights issue to unlock value and fuel growth. The funds raised will be used to finance the roll out of FirstChoice’s chain of 300 owned and franchise outlets across the country.