MAHINDRA FIRST CHOICE WHEElS TO SEll USED PREMIUM BIKES
New Delhi: Mahindra group's pre-owned vehicle seller Mahindra First Choice Wheels ltd (MFCWl) on Saturday announced foray into used high-end two-wheeler segment. The company, which opened its first outlet for used premium motorcycles of 250 cc and above here in the Capital, plans to have at least 50 such showrooms across 15 cities this year. “During this month itself we plan to have four such showrooms in Delhi, Mumbai and Bangalore,” MFCWl CEO and Managing Director Nagendra Palle said. Elaborating on the company's plans for the two-wheeler segment, he said: “Our focus will be on the premium segment of 250 cc and above to start with and we may look at the lower segment later on.”
GOlD ZOOMS RS 300 ON STRONG GlOBAl CUES
New Delhi: Gold staged a smart recovery at the bullion market on Saturday, surging Rs300 to Rs29,550 per 10 grams largely on firm global cues and pick up in buying by local jewellers. Silver followed suit and recaptured the Rs40,000-mark by spurting Rs1,170 to Rs40,470 per kg on increased offtake by industrial units and coin makers. Bullion traders attributed the recovery in gold prices to a firm trend overseas after a lacklustre US jobs report, showing unemployment in May fell to 4.3%, a 16-year low, raised expectations that the Federal Reserve could take a more gradual approach to increasing interest rates.