Mahindra First Choice Services, the multi-brand car service workshop, is targeting a 50 per cent jump in turnover to Rs 75 crore by the end of this fiscal.
Mahindra First Choice Services (MFCS) is a wholly owned subsidiary of Mahindra and Mahindra Ltd.
According to YVS Vijay Kumar, CEO, MCFS, the company is eyeing a fast growth in turnover on the back of its aggressive expansion plans for its workshop network.
In terms of expansion, the company is looking to add 120 workshops - mostly franchisees - by the end of this fiscal. It will take the total tally of the workshops to 200. Of these, 20 workshops are company owned.
By FY17, the company is targeting around 400 more workshops.
"We have been growing fast and our turnover last fiscal stood at Rs 50 crore. This year, we are targeting Rs 75 crore. Once the 200-odd workshops are operational, we will look at an aggressive growth in turnover to around Rs 150 crore," he said.