Landmark Cars receives formal letter of approval from BYD India for opening showroom in South Mumbai

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

07 Feb 2024 Evaluate

Landmark Cars has received a formal letter of approval from BYD India for opening a showroom in South Mumbai, Maharashtra. This showroom will be established by Watermark Cars, a wholly owned subsidiary company of Landmark Cars.

This will be the Fourth BYD showroom of the Company. The Company already has a showroom and workshop each in Western Mumbai, Delhi and Noida for providing Sales and After Sales services to its customers. BYD is the top New Energy Vehicle manufacturer worldwide in 2023 and has plans to launch new products in India this year. Landmark Cars is the largest partner for BYD in India.

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
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