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Reliance to foray in used car retail

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Reliance Retail is thinking to enter the used car retailing sector, on the lines of Maruti’s True Value and Mahindra’s Automart. This is an addition to its plan to set up car servicing stations at its retail outlets and its auto finance business.

The company is said to be in talks with Corghi SpA, an Italian automotive firm. Reliance Retail is going to roll out 1,500 supermarkets and 1,000 hyper-markets in 1,500 cities.

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