Mahindra group's used-car chain Mahindra First Choice Wheels today reported a 40 per cent growth in sales in 2016-17 at 2.2 lakh units with revenue crossing Rs 100-crore mark. The company ended the year with over 1,200 franchise outlets and completed over 1.2 million inspections, Mahindra First Choice Wheels (MFCWL) said in a statement. There was strong growth in technology enabled businesses that includes auctions (eDiig.com), inspections (Autoinspekt.com) and IndianBlueBook.com, it said. "FY'17 was a pivotal year for MFCWL in which we have proven our business model by demonstrating revenue and margin growth with profitability. (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Source: dna May 23, 2017 13:18 UTC