Landmark Cars receives LoI from MG Motor India for opening dealerships in Madhya Pradesh

Landmark Cars Ltd. | Automobiles - Dealers & Distributors | Automobiles | BSE: 543714 | NSE: LANDMARK

31 May 2023 Evaluate

Landmark Cars has received a Letter of Intent (LoI) from MG Motor India for opening dealerships in Indore and Bhopal, in the State of Madhya Pradesh. This dealership will be established in one of the wholly owned subsidiaries of Landmark Cars. This business will include Sales and After Sales of MG Cars. With this, Landmark Cars will be adding a new premium segment car dealership in its repertoire.

Landmark Cars is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen and Renault.

Peers

Company Name	CMP
Popular Vehicles&Ser	98.45
Landmark Cars	488.35
Competent Automobile	363.25
CarTrade Tech	3001.30
Resourceful Automob.	46.00
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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