Shares of Landmark Cars Ltd rose over 3% in early trade on Monday following news that BYD, a major electric vehicle (EV) manufacturer, has slashed prices by up to 35% on 22 of its electric and plug-in hybrid models. As of 10:22 AM, the shares were trading 2.69% higher at Rs 458.00.
The price cuts, announced as a limited-time offer effective until the end of June 2025, reflect increasing competition and maturing dynamics within the EV industry. The decision by BYD comes amid signs of slowing EV sales growth, even though global EV sales have hit record levels in the past year.
Landmark Cars shares opened at ₹448.00 today, reaching a high of ₹465.95 and a low of ₹442.05 during trading. The stock remains significantly below its 52-week high of ₹747.40 but is well above its 52-week low of ₹329.80.
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