Landmark Cars Expands Footprint in Hyderabad, Fortifies Partnership with Mahindra & Mahindra

Landmark Cars Limited (BSE: 543714 | NSE: LANDMARK), a leading premium automotive retail network in India, has signed an agreement with Mahindra & Mahindra to open a showroom in Serilingampally, Hyderabad. This dealership will be established in one of the wholly owned subsidiaries of Landmark Cars, namely, Landmark Mobility Private Ltd.

This will be Landmark's fourth Mahindra & Mahindra showroom in Hyderabad, supported by two existing workshops that are well-positioned to cater to customers from all showrooms, ensuring efficiency and customer convenience.

Of the 138 total outlets, Landmark currently has 10 outlets in the city of Hyderabad.

The expansion reflects Landmark's twin strategy of horizontal growth with fast-rising premium brands and vertical growth by deepening its presence in select geographies.

Over time, Landmark has earned a strong reputation as a trusted partner of choice for leading OEMs.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 610.70 as compared to the previous close of Rs. 612.15. The total number of shares traded during the day was 4758 in over 367 trades.

The stock hit an intraday high of Rs. 618.80 and intraday low of 604.95. The net turnover during the day was Rs. 2902843.00.

Source : Equity Bulls

Keywords

LandmarkCars INE559R01029 AutoDealer Expansion Hyderabad MahindraandMahindra MnM