Introduction:
Auto stock expands its footprint by launching MG Select dealerships in Ahmedabad and Kolkata, focusing on the ‘accessible luxury’ segment with models like MG Cyberster and MG M9 EV. This move aligns with its strategy to strengthen profitable brand collaborations.
Share Price movement of Landmark Cars:
On January 22, 2025, Landmark Cars Ltd opened at ₹620.00, up 0.62% from its previous close of ₹605.90. The stock reached a high of ₹620.00 (2.34%) and a low of ₹607.25. By 11:35 AM, it traded at ₹609.65, with a market cap of ₹2,522.18 crore.
Landmark Cars’s new dealership:
Landmark Cars Limited received a letter of intent from JSW MG Motor India to open MG Select dealerships in Ahmedabad and Kolkata, showcasing their collaboration in the ‘accessible luxury’ segment. The new dealerships will feature models like the MG Cyberster and MG M9 EV, with sales starting by May 2025.
This strategic initiative strengthens Landmark’s relationship with OEMs and aligns with its strategy of horizontal and vertical expansion, enhancing its presence in the luxury market. Landmark aims to consolidate its leadership in Ahmedabad and expand its offerings in Kolkata to include MG Select products alongside existing brands like Mercedes-Benz and Kia.
Chairman Sanjay Thakker expressed excitement over the launch, emphasizing the potential of MG Select to grow the ‘accessible luxury’ market in India. Landmark is well-positioned to leverage this opportunity and reinforce its presence in profitable brands and geographies.
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Recent news About Landmark Cars :
On January 19, 2025, Landmark Cars announced plans to expand its partnership with Mercedes-Benz by introducing three new luxury car showrooms in Bengaluru. This initiative highlights the company’s commitment to strengthening its presence in India’s premium automotive market.
Ace investor holding of Landmark Cars:
Garima Misra
Garima Misra holds a 1.59% stake in Landmark Cars Ltd, owning 657,089 shares valued at ₹40.1 crore. Her consistent holding showcases confidence in the company’s prospects, emphasizing her strategic investment approach in the automotive retail segment.
Ramila Jitendra Mehta
Ramila Jitendra Mehta holds a 1.22% stake in Landmark Cars Ltd, with 504,642 shares worth ₹30.8 crore. Her investment underlines trust in the company’s growth potential, reflecting a keen interest in leveraging opportunities in the premium auto retail market.
Stock performance of Landmark Cars for Period of 1 week, 6 months and 1 year:
Landmark Cars’ stock showed mixed performance over various periods. Over the past week, it gained 2.47%, reflecting short-term optimism. However, the stock declined by 6.19% over six months and faced a significant 27.1% drop over the past year, signaling challenges.
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Shareholding pattern of Landmark Cars:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 51.57 | 51.62 | 51.55 |
| FII | 10.7 | 9.82 | 9.73 |
| DII | 13.81 | 14.28 | 16.61 |
| Retail & others | 23.91 | 24.28 | 22.1 |
About Landmark Cars:
Landmark Cars is a leading premium automotive retail business in India, specializing in luxury and premium car sales, servicing, and spare parts. It partners with renowned brands like Mercedes-Benz, Mahindra, and Kia, ensuring a strong market presence nationwide.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
