Landmark Cars strengthens its partnership with BYD

Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail businesses in India, has received a Letter of Intent from BYD India Pvt Ltd for opening a showroom in the city of Faridabad in Haryana. This showroom will be established by M/s Watermark Cars Private Limited, a wholly owned subsidiary company of Landmark Cars. Landmark is already present in the city of Faridabad with its outlet for VW and with this outlet for BYD it will be able to enhance its operational efficiency.

BYD is the top New Energy Vehicle manufacturer worldwide and Landmark Cars is the largest partner for BYD in India with 4 outlets, with this being the 5th one.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 647.35 as compared to the previous close of Rs. 659.20. The total number of shares traded during the day was 5171 in over 473 trades.

The stock hit an intraday high of Rs. 659.20 and intraday low of 644.00. The net turnover during the day was Rs. 3359017.00.

Source : Equity Bulls

Keywords

LandmarkCars INE559R01029 AutoDealer LoI BYDIndia Showroom Faridabad Haryana