Landmark Cars enters Ujjain with MG dealership

Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail businesses in India, has received a Letter of Intent from MG Motor India Pvt Ltd for opening a dealership in Ujjain, Madhya Pradesh. This dealership will be established by M/s Aeromark Cars Private Limited, a wholly owned subsidiary company of Landmark Cars. This business will include Sales and After Sales of MG Cars. After Indore and Bhopal, this is Landmark's third MG dealership in the state of Madhya Pradesh.

This new dealership aligns with Landmark's goal of ongoing expansion by penetrating further across geographies as well as OEMs. Over the years, Landmark has built a solid reputation as a preferred of choice for OEMs. Landmark signed six dealership agreements with MG Motor in a brief time period. Currently, Landmark Cars is present in nine states of India.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 718.50 as compared to the previous close of Rs. 714.85. The total number of shares traded during the day was 17582 in over 1619 trades.

The stock hit an intraday high of Rs. 730.80 and intraday low of 712.00. The net turnover during the day was Rs. 12625246.00.

Source : Equity Bulls

Keywords

LandmarkCars INE559R01029 AutoDealer Ujjain MGDealership