Landmark Cars Expands BYD Partnership, Enters Pune with New Showroom and Workshop

Landmark Cars Limited (BSE: 543714 | NSE: LANDMARK), a leading premium automotive retail network in India, has received an approval from BYD India Private Limited to open a showroom and a workshop in Pune, Maharashtra. The showroom and workshop will be established by M/s Watermark Cars Private Limited, a wholly owned subsidiary company of Landmark Cars.

Landmark Cars stands as the brand's largest retail and service partner for BYD in the country, with 7 outlets of BYD at present. The upcoming launch of a new showroom and workshop further strengthens this leadership position and also marks the company's entry into Pune, one of India's promising markets for luxury/premium and electric mobility.

Commenting on this development Mr. Sanjay Thakker, Promoter and Chairman, Landmark Cars Limited said, "BYD, the global No. 1 brand in New Energy Vehicles, is performing strongly in India's premium EV market, and its models like the ATTO 3, SEALION 7 and eMAX 7 are highly popular amongst customers due to premium features, excellent performance, and advanced safety. With BYD recording an impressive ~80% surge in sales this year thereby becoming one of the leading player in India's premium EV market, our partnership with it is strategically aligned. Landmark has again demonstrated that it is a partner of choice for its OEM partners. This collaboration also enables Landmark Cars to enter the high-potential Pune market, which has significant potential in the premium and luxury vehicles segment."

Shares of Landmark Cars Limited was last trading in BSE at Rs. 519.70 as compared to the previous close of Rs. 523.85. The total number of shares traded during the day was 2090 in over 106 trades.

The stock hit an intraday high of Rs. 524.95 and intraday low of 512.00. The net turnover during the day was Rs. 1083117.00.

Source : Equity Bulls

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