Landmark Cars Limited announced the addition of a BYD facility in Noida and a Mahindra & Mahindra showroom at EM Bypass, Kolkata, on September 28, 2026. These expansions strengthen the company's presence with key OEM partners in critical geographic markets.

The company serves as BYD's largest retail and service partner in India. The new Noida facility further deepens this partnership, while the Kolkata location enhances the network for Mahindra & Mahindra. Both additions align with the firm's strategy to scale relationships with existing partners across key regions.

Network expansion details

The latest openings increase the total outlet count to 143 across India. The specific breakdown of the expanded network is as follows:

Strategic focus on electric vehicles

Electric vehicles remain a significant driver of the company's revenue mix. In Q1FY27, the EV portfolio contributed approximately 30% of new car sales revenue. BYD and Mahindra & Mahindra are cited as leading EV brands within the company's portfolio. This concentration highlights the strategic importance of these two partners in driving the company's electrification agenda.

What the numbers show

The data reveals a dual-pronged growth strategy: expanding physical reach while capitalizing on high-margin or high-volume segments like EVs. With EVs accounting for nearly one-third of new car sales revenue in Q1FY27, the addition of dedicated facilities for BYD and Mahindra & Mahindra directly supports this revenue stream. The company holds 11 BYD outlets and 12 Mahindra & Mahindra outlets, indicating a balanced approach between a newer entrant (BYD) and an established market leader (Mahindra) in the EV space.

Landmark Cars shareholders approved the appointment of Rita Teatia as an Independent Director and re-appointed Manish Chokhani and Gautam Trivedi for second terms at the Annual General Meeting held on September 24, 2026.

The approvals were confirmed following the Scrutinizer’s Report dated September 25, 2026. The move strengthens the company’s governance framework by introducing a former senior bureaucrat to the board while retaining experienced financial and capital markets professionals.

Governance changes and tenures

The shareholders ratified three key appointments under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The terms for each director vary, reflecting different strategic needs for continuity and fresh expertise.

Director profiles

Rita Teatia brings extensive public sector experience to the board. A 1981-batch Indian Administrative Service officer from the Gujarat cadre, she served as Commerce Secretary in the Ministry of Commerce & Industry from July 2015 to July 2018. Her tenure focused on logistics, trade facilitation, and the establishment of the Government e-Marketplace, which crossed ₹1 lakh crore in turnover within five years. She also served as Chairperson of the Food Safety & Standards Authority of India from 2018 to 2021.

Manish Chokhani has a strong background in capital markets. He holds an MBA from London Business School and is an Associate of the ICAI. He previously served as CEO of Enam Securities and Managing Director and CEO of Axis Capital Limited. Currently, he is a Director at Enam Holdings Pvt Ltd and serves on the boards of several listed companies.

Gautam Trivedi holds degrees in Commerce, Law, and an MBA from the University of Southern California. His career includes roles as Vice President at Reliance Industries, CEO at Religare Capital Markets, and Managing Director at Goldman Sachs (Asia) LLC. He is also the co-founder and Managing Partner of Nepean Capital LLP.

Regulatory compliance

All three directors have provided declarations confirming they are not debarred from holding the office of Director by SEBI or any other authority. None of the directors are related to existing directors of the company. The disclosures comply with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPD2/I/3762/2026 dated January 30, 2026.