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|14th October 2015, 19:51||#1|
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Mahindra First Choice acquires Auto Risk
Mahindra First Choice Wheels Ltd. (MFCWL) has announced that it has acquired the business assets of Auto Risk Management Services Pvt. Ltd.
Auto Risk Management Services has been in the pre-insurance inspection services business in India for more than a decade. MFCWL already has a vehicle inspection service called Autoinspekt, which is used for inspecting and valuing used vehicle assets including passenger cars, utility vehicles, commercial vehicles and tractors. With the acquisition of Auto Risk, the company aims to increase its capabilities and reach across India.
At the end of September 2015, MFCWL’s hybrid model had more than 600 multi-brand used car franchise outlets. MFCWL has now sold over 3,00,000 vehicles through its online auction platform eDiig and conducted over 2,50,000 vehicle inspections through Autoinspekt.
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