Shares of Landmark Cars surged 1.62% to reach ₹697 on the NSE, hitting the day’s high following the company’s announcement of acquiring a Kia showroom in Bowenpally, Hyderabad. This marks Landmark Cars’ second Kia showroom in Hyderabad and the fifth Kia outlet in the country.
The newly acquired showroom will operate under M/s Landmark Premium Cars Private Limited, a wholly owned subsidiary of Landmark Cars. This acquisition is part of Landmark’s strategy to expand its footprint in existing territories and enhance its market presence. The company already operates seven outlets in Hyderabad, representing major brands such as Kia, Mahindra, and Mercedes-Benz.
Landmark Cars shares rose by 1.40% today, continuing a positive trend with a 7% gain over the last five days and an 11.87% increase in the past month. Despite these short-term gains, the stock remains down by 17.08% year-to-date and 12.63% over the last year. However, its five-year performance shows a robust growth of 47.66%, highlighting the stock’s long-term potential.
About Landmark Cars
Landmark Cars is a leading premium automotive retail chain in India, offering dealerships for brands such as Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, Kia, and MG Motors. It also manages commercial vehicle retail operations for Ashok Leyland and provides services like new vehicle sales, after-sales repairs, pre-owned vehicle sales, and third-party financial and insurance products.
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