Mahindra and Mahindra Ltd’s service arm Mahindra First Choice (MFC) Services on Monday announced that the company that it has entered into an asset acquisition agreement with Carnation Auto (India) Pvt. Ltd, a Noida-based aftersales and service company. As a result, MFC Services will acquire key assets of Carnation’s car-servicing business including the trademark ‘Carnation’,…
Tag: carnation auto
Carnation Auto closes second round of funding ..
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•Carnation Auto, has closed a 2nd round of funding totalling Rs. 85 Crore from Gaja Capital Partners, a Mumbai-based private equity fund. This new round of funding will enable the company to further consolidate its pioneering independent multi-brand auto solution network and scale up its successful certified used car program across India. Speaking on the…