Mahindra First Choice Services to Venture Into Two Wheeler Servicing

Chennai: Multi-brand car servicing major Mahindra First Choice Services is getting into servicing two wheelers while expanding its current network and looking out for capital infusion of about Rs 100-125 crore for business from a strategic partner, said a top company official. The company, a wholly owned subsidiary of Mahindra and Mahindra Ltd., is also planning to have a presence in petrol bunks offering minor repair services and a tie-up has been made with Hindustan Petroleum Corporation Ltd., he added. “We are getting into servicing multi-brand two-wheelers and a pilot project is underway in Bihar. The business offers good potential as only 30 per cent of the after sales service in the case of two wheelers are with the authorised service centres and the remaining is with the unorganized segment,” Y.V.S. Vijaykumar, Chief Executive Officer said here. He said, in December, the company will be launching the two wheeler servicing business nationwide and the target is to have about 2,500 service centres under its brand by 2023. (IANS)