Landmark Cars adds Mahindra & Mahindra vehicles into its offerings

Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail businesses in India, has signed a Letter of Intent with Mahindra and Mahindra Limited for opening dealership in Howrah in the state of West Bengal. This dealership will be established in one of the wholly owned subsidiary of Landmark Cars Limited, namely Landmark Mobility Private Limited. This business will, inter alia, include Sales and After Sales of Mahindra's Personal, Pickup and Supro range of vehicles in the areas of Howrah, Hooghly, Kolkata, North 24 Parganas and South 24 Parganas.

This is consistent with the strategy of the Company to partner with premium SUV OEs with focus on EVs. Landmark is present in the state of West Bengal since 2013 with Mercedes-Benz.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 725.15 as compared to the previous close of Rs. 732.85. The total number of shares traded during the day was 11214 in over 1062 trades.

The stock hit an intraday high of Rs. 744.00 and intraday low of 719.10. The net turnover during the day was Rs. 8216901.00.

Source : Equity Bulls

Keywords

LandmarkCars INE559R01029 AutoDealer MahindraandMahindra