Mahindra & Mahindra's used car business, FirstChoice Wheels, will receive an infusion of cash over the next five years to facilitate expansion. The investment will be of approximately Rs 200 crore.
This investment will help it meet the target of 300 outlets in 92 cities in 2013. It currently has 70 outlets in 40 cities. FirstChoice Wheels is also looking to go public in the next three years.
