Mahindra & Mahindra, a renowned name of auto-mobile sector, which entered into the business of sale-purchase of pre-owned cars in 2007, is eying the turnover of Rs 500 crore in the current fiscal.
"Market of sale-purchase of pre-owned cars was at least 20 times big than the market of new cars and we want to tab the market to double our current Acquired Turn Over of Rs 250 crore in the current financial year", Sharad Agarwal, general manager, sales (North) of the Mahindra First Choice Wheels, a wing of Mahindra & Mahindra, told reporters while inaugurating a showroom of the company here today.
At present, the company had 97 dealers in the country, which would be increased to 300 by 2013 apart from opening 27 super showroom for sale-purchase of at least one lakh cars, he added.
"The newly opened showroom of the company will display several brands of pre-owned cars and will function as a one-stop shop for all those wishing to either buy or sell a car. We will offer a wide range of services for customers, including purchase and sale of pre-owned cars, car finance and insurance, fitment of car accessories and assistance with paperwork and documentation," said Agarwal.
While explaining the functioning of the company, he claimed that before purchasing the car company first assesses whether car meets a high level of quality and then trained engineer thoroughly inspects the vehicle along with its documents.
After purchase, every car was refurbished and undergoes an extensive 118 point quality check by a trained engineer, he claimed.
