Mahindra First Choice Wheels Limited (MFCWL) has announced the launch of its fifth AutoKart Refresh store. Located at Ghodbunder Road, Thane, the facility is spread across 20,000 sq. ft. and can hold over 150 vehicles at one time. The company inaugurated its first outlet in April this year followed by four more facilities in Chennai, Pune, Ahmedabad and Hyderabad. All four outlets have been selling over 100 quality refurbished vehicles each month since launch. Moreover, the company aims to launch 20 AutoKart Refresh Stores in the Financial Year 2022.
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The fifth AutoKart Refresh store is spread across 20,000 sq. ft.
On the inauguration, Ashutosh Pandey, CEO & MD, Mahindra First Choice Wheels Ltd said, "AutoKart Refresh is a unique value proposition that has come into being by a clever amalgamation of our core services like vehicle inspection, procurement, yard solutions, refurbishment, warranty and store sales. We are the only players in this model and we continue to strengthen our dominance. Aligned with our commitment to provide business vehicle buyers with a hassle-free buying and ownership experience, we have introduced the 5th outlet today in Thane, and we aim to introduce a total of 20 outlets by FY2022."
The facility can hold over 150 vehicles at one time.
The facility will be a preferred destination for Mumbai and Thane based business vehicle buyers for quality refurbished cars and Light Commercial Vehicles (LCVs). AutoKart Refresh also provides retail and wholesale finance options for business vehicle buyers to purchase the vehicle with Mahindra First Choice warranty and trust. The brand also offers collateral-free loans for the dealers through their proprietary Loan First programme. Additionally, vehicle insurance and hassle-free RTO transfer services are also provided by the company, making it a go-to place to purchase and sell refurbished vehicles. It enables dealers to run an asset-light model as it has large yards to retain the vehicles until the dealers and brokers find the right buyers for their vehicles.
