Landmark Cars exits Volkswagen operations in Delhi NCR

Landmark Cars Limited (BSE: 543714 | NSE: LANDMARK), a leading premium automotive retail network in India, will cease to operate its Volkswagen Delhi NCR business w.e.f. March 31, 2026. This dealership consisted of one showroom and one workshop. The Company has objectively taken this decision to reduce its losses arising from non-performing operations. This move is in line with the company's strategy to rationalize costs, while continuing to focus on improving operational efficiency and profitability. The Company will continue to run Volkswagen operations in the State of Gujarat, which contributes positively to its business.

Given that the locations in Delhi NCR have been in existence for multiple years, the assets have already been depreciated. As a result, minimal financial impact is expected in the books.

Shares of Landmark Cars Limited was last trading in BSE at Rs. 377.25 as compared to the previous close of Rs. 367.80. The total number of shares traded during the day was 4029 in over 478 trades.

The stock hit an intraday high of Rs. 381.85 and intraday low of 365.80. The net turnover during the day was Rs. 1501728.00.

Source : Equity Bulls

Keywords

LandmarkCars INE559R01029 AutoDealer VolkswagenOperations DelhiNCR