Under Rs.50 lakhs
Investment Range
2000 Sq.ft
Area Required
450+
Franchise Outlets
1993
Establishment Year

First Choice Mahindra Products and Services


Mahindra First Choice Wheels Ltd.,part of the $US 20.7 billion Mahindra Group, is India’s largest multi-brand certified used car company. With 1700+ stores in 810+ cities , we are planning to expand our network to 1800 Franchisee stores across India by 2024. When you partner with us, you will be getting the Mahindra First Choice Wheels advantage which will help you grow as we do, and shift your business model into a higher gear.

Our Presence1,250+

Outlets 430+ Cities

 FRANCHISE OFFERS

 operational Support

Dedicated Team of AMs for guidance on day-to-day operation • Recruitment Assistance and Sales, Behavioural Training for manpower. • SOP & Best Practices for performance management, cost control & business viability

 Sales Support

• Listing & visibility of RD inventory in C&B and MFCW websites • Sales leads through digital presence and dedicated campaign. • Call Centre Support & Exotel Helpline

 Digital Marketing

carandbike.com & mahindrafirstchoice.com • Social Media Campaign, Google My Business Page, YouTube Promotion etc. • Digital Inauguration

 Store Branding

• Assistance on Conceptualization and Branding of store.• Designs, creatives etc. as per CI norms and guidelines

 Procurement Guidance

• Pricing guidance leading to procurement at right price.• Access to various sources like CPT, IEP, Home Inspection, IBB etc.• Procurement Leads

 Technology Solution

• Outlet Management System (OMS) for store operations. • Backend IT support, access to MFC portal, online auction platforms etc. • Ecommerce – online reservation of used cars

 Finance & Insurance

Easy, Fast and Multiple options of loan to customers. • Payout on loans disbursed enhancing profitability. • Access to MIBL portal for insurance.

 Documentation

Guidance on complete paper works, forms and documentation for procurement, sales etc. • Simplified and comprehensive guidance for RC transfer and related documentation process

 Reward and Recognition

Periodic incentive program for Dealers and Dealer Manpower • Rewards & Recognition for top performers including trips. • Customized incentives for dealers.

First Choice Mahindra Cost and Investment


Commenced Operations

Operations commenced on
1993
Franchise commenced on
2003

Franchise Details

UNITS

Investment
Under Rs.50 lakhs
Franchise/Brand fee
3 lakhs
Royalty/Commission
20%

Details

Exclusive territorial rights to a unit franchisee
Yes
Anticipated percentage returns on investment
30%
Likely payback period
24 - 36 Months
Other investment requirements
Rs. 30 Lakhs - Rs. 50 lakh

First Choice Mahindra Expansion Plans


NORTH

Delhi, Haryana, Himachal Pradesh, Jammu & Kashmir, Punjab, Uttar Pradesh, Uttarakhand,

SOUTH

Andhra Pradesh, Karnataka, Kerala, Tamil Nadu, Telangana,

EAST

Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Orissa, Sikkim, Tripura, West Bengal,

WEST

Goa, Gujarat, Maharashtra, Rajasthan,

CENTRAL

Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh,

UNION TERRITORIES

Andaman & Nicobar, Chandigarh, Daman & Diu, Lakshadweep, Pondicherry,

First Choice Mahindra Property Requirements


Type of property required for this franchise
Commercial
Floor area requirement
2000 Sq.ft
Preferred location of unit
commercial

First Choice Mahindra Training


Training location
HEAD OFFICE
Expert guidance from head office
Yes
Field assistance
Yes
Current IT systems included
Yes

First Choice Mahindra Agreement Details


Do you have a standard franchise agreement?
Yes
How long is the franchise term for?
Lifetime
Is the term renewable?
Yes

Interested in above brand? Submit your interest here.

Insta apply

Newsletter Signup

Stay tuned & get updated

Follow Franchise Times

About Franchise Times

Who We Are?

Franchise Times was promoted by professionals with over 25 years of hands on experience in Franchising. The foundations of Franchise Times were laid to assist entrepreneurs from start-ups, SMEs NGOs and corporates to develop sustainable franchise networks. Our multi-disciplinary and tested approach ensures that the appropriate talent and experience are applied at every stage of our work to ensure our clients' business needs are served professionally and in a cost effective manner.

At Franchise Times our success is measured by the growth of our clients' businesses. Within a decade of operation we have created over Rs. 5 million worth of enterprise value for our clients. We've advised over 200 networks and established multiple franchised network locations in India and abroad. We know exactly what it takes to grow a business - many of our clients have come to us with a single location and we've assisted their expansion to India and abroad.

Franchising is a wonderful way to go into business for yourself, but not by yourself. Franchising is an example of teamwork at its best, bringing together talents of a dedicated professionals and management team with hard work, zeal and entrepreneurial spirt of franchisees at the local level to serve our customers.

What We Do?

Franchise Times can help you expand your network in existing and new markets (globally), acquire new clients and increase your revenue, all at a substantially reduced costs.

At Franchise Times we follow an innovative approach that offers customized solutions to meet your specific needs in franchising. Staffed with professionals in sales, marketing, logistics and legal who are well empowered and phone-productive, we bring transformational rewards to your business.

Our offering include

  • Franchise Opportunities
  • Buisness Consulting
  • Digital Consulting
  • Awards and Events