Landmark Cars to enter South India with Mercedes-Benz in Hyderabad

Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail businesses in India, has received an approval from Mercedes-Benz India for opening a workshop at Hyderabad. This workshop will be established by the listed company, Landmark Cars Limited. This is consistent with the Company’s philosophy of entering high growth geographies with premium / luxury brands.

Commenting on this development Mr. Sanjay Thakker, Promoter, Chairman & Executive Director, Landmark Cars Limited said, “It is very exciting that Landmark is going to break ground in its tenth Indian state with this workshop. Further, this marks Landmark’s foray into the Southern part of the country. This collaboration strengthens the partnership between two industry leaders, each known for their commitment to customer excellence. We share the vision for India and are happy to further grow our footprint to 21 Mercedes-Benz outlets within five states of India.”

Shares of Landmark Cars Limited was last trading in BSE at Rs. 793.10 as compared to the previous close of Rs. 789.10. The total number of shares traded during the day was 15031 in over 1246 trades.

The stock hit an intraday high of Rs. 826.00 and intraday low of 765.55. The net turnover during the day was Rs. 12145993.00.

Source : Equity Bulls

Keywords

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