Description

About Us: Mahindra First Choice Wheels Ltd (MFCWL) is a part of USD 17 bn multinational Mahindra Group which was spearheaded by visionary Mr. Anand Mahindra to enter into the aftermarket industry in 1999 & create a business ecosystem for pre-owned cars. MFCW adopted a company-owned model earlier and subsequently shifted to a franchise model in 2003 as we thought the Franchise model would give us an opportunity to partner with people with different capabilities, backgrounds, market reach, and resources. Apart from this, our franchise partner is adept at knowing the pulse of the customer in his reach. The learning between the organization & the franchise is mutual which helps us to be flexible & adapt to different challenges thrown at us thus making us the go-to place for customers. Nearly after a decade, MFCWL is Indias number one multi-brand certified used car player. MFCWLs mission is to ÐorganizeÓ every facet of the entire ecosystem in the used car industry and provide an experience that mimics the new car buying experience. Looking at the market potential, business possibilities, the win-win model of MFCW, amalgamated with the dedication & commitment of our team, expansion has not seemed a challenge for us despite being the most important and tough factor of success in a franchise business. The current used car market is more promising than ever with 120 used cars being sold against every 100 new cars in India. This shows the opportunity that lies ahead for us in organized used car retail. We have 1200+ Franchise outlets across 600+ towns and cities. Of these, more than 90 partners are operating with multiple franchises. However, everyone started their journey with us with a single outlet and opened more after having tasted success with us. Franchise Support: Our core team, that includes Territory Managers, Area Managers, State Managers & Zonal Managers keeps a keen eye on each franchise and ensures that each franchise performs to both their & our expectations. These franchise partners are helped both technologically and analytically to make sure that they are not only ever ready for any challenge but also perform better than ever. We have never limited ourselves to the background of an individual while choosing a franchise partner. Operating an MFCW franchise has always been about the zeal to make a solid & positive impact not only on owns pockets but also on the ecosystem as a whole. Some of them include people from non-trade & women entrepreneurs. Irrespective of the background, we always look ahead to: Positive approach Direct involvement in business Enthusiasm towards used car business Customer-focused approach Reliability & Integrity Commitment Constantly improving approach Franchise partner plays a crucial role in our growth and we believe that it is with their support, not only we have created a launchpad for a superior presence, we have also reached a wider customer base in the process & offer them the best products & services with trust & transparency. As our franchise partners are touching the customer base directly they have equally contributed to their part by offering our consumers the attraction of better choice, quality, and consistency that makes us the go-to place for customers. This, in turn, has increased the confidence of our customers in our franchise & subsequently contributed to the growth story of MFCW. We plan to go deeper into the business through our partners and providing them the advantage of operating under the brand Mahindra combined with bringing in new ideas, operating techniques and proven methods to more new locations as each franchisee takes up the mantle.

Benefits

  • NA

Details

Date Added 2020-05-22
Required Cities Any
Required States Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal, Uttar Pradesh, Kerala, Karnataka, Tamil Nadu, Andhra Pradesh, Telangana, Gujarat, Rajasthan, Maharashtra, Goa, Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Required Region North, South, East, West, Central, Union Territories
Required territory NA
Set Up Cost nan
Investment Range 30-50L
Investment Includes NA
Franchisee Total Cost 350000.0
Rate of Interest 10.0
Minimum Area Required 1000 sq.ft
Optimum Area Required 1000 sq.ft
Other Needed Investment CAPEX of approx. Rs.5,00,000 depending on city type
Expected Payback Period 0-1 Years
Expansion NA
Provided Support/Training Yes
Sector Domestic
Terms of Agreement Yes
Franchisee Contact Person NA
Franchisee Contact Number NA
Franchisee Contact Email NA

Agreement Details

Yes