Landmark Cars Limited has announced the expansion of its Hyderabad aftersales network with a new Mahindra & Mahindra workshop in Kompally. The premium automotive retail network is responding to high demand witnessed in its existing two M&M workshops in the city. The new facility will be established through Landmark Mobility Private Ltd, one of the company's wholly owned subsidiaries.

Strategic Network Expansion

The addition of this workshop represents a significant milestone in Landmark Cars' regional growth strategy. The expansion will increase the company's Mahindra & Mahindra presence substantially in the Hyderabad market.

Market Response and Demand

The decision to open the new workshop stems from high demand witnessed at the company's existing two Mahindra & Mahindra workshops in Hyderabad. This expansion demonstrates Landmark Cars' commitment to meeting customer service requirements and enhancing accessibility to aftersales support in the region.

Company Strategy

This expansion aligns with Landmark Cars' broader strategy of deepening engagement within each brand and geography. The company focuses on building robust network impact over time, which continues to enhance its standing as a trusted partner of choice for leading original equipment manufacturers (OEMs).

About Landmark Cars

Landmark Cars Limited operates as a leading premium automotive retail business in India with dealerships spanning multiple brands including Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA, MG Motors and Citroën. The company also handles commercial vehicle retail business for Ashok Leyland in India, maintaining presence across the automotive retail value chain through new vehicle sales, after-sales service and repairs, pre-owned passenger vehicle sales, and facilitation of third-party financial and insurance products.

Landmark Cars Limited delivered its strongest quarterly performance to date in Q3 FY26, with Chairman and Executive Director Sanjay Thakker describing it as a record-breaking quarter across key financial metrics. The automotive retailer achieved significant growth despite operating in a dynamic market environment marked by policy changes and structural shifts in the Indian passenger vehicle sector.

Financial Performance Highlights

The company's financial results for Q3 FY26 demonstrated robust performance across all major segments:

CFO Surendra Agarwal highlighted that gross profit reached ₹220 crores with a margin of 16.4%, while the company maintained disciplined cost management with employee and operating expenses below the targeted 4.4% of proforma revenue.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, Landmark Cars achieved substantial growth momentum:

The average selling price for new cars increased from ₹20.6 lakh in nine months FY25 to ₹21.6 lakh in nine months FY26, reflecting the company's focus on premium segments.

OEM Portfolio Performance and Outlook

Executive Director Aryaman Thakker provided comprehensive updates on the company's diverse OEM partnerships. Mercedes-Benz continues as the crown jewel with plans for 12 new model introductions and strong performance in value-focused segments. The brand recently announced local production of the Maybach GLS and upcoming launches of the V Class and CLA sedan.

BYD delivered robust growth with close to 80% volume increase in calendar year 2025, despite supply constraints in November and December. Mahindra started 2026 strongly with the XEV 9S and XUV 7XO recording over 93,000 bookings within hours of launch. Renault showed renewed traction with the all-new Duster relaunch, while MG continues strong performance with the MG Select brand contributing positively.

EU-India FTA Impact and Strategic Opportunities

Management emphasized the significant potential impact of the recently concluded EU-India FTA on the company's European OEM partners. Over 50% of Landmark's volume comes from OEMs expected to benefit from this agreement, including Mercedes-Benz, Renault, Volkswagen, and Stellantis brands.

Key FTA benefits include:

• Reduced duties on Fully Built Units (CBUs)
• New import categories with lower duty structures
• Expanded product portfolio opportunities for European brands
• Reduced parts costs improving overall ownership economics
• Enhanced pricing flexibility for OEM partners

Sanjay Thakker noted that senior-level visits from European manufacturers have increased significantly following the FTA signing, indicating renewed strategic interest in the Indian market.

Operational Excellence and Cash Generation

The company demonstrated strong operational discipline with net operating cash flow of approximately ₹265 crores for the nine-month period. Inventory management remained efficient at 31 days, well below industry averages. The aftersales business achieved record quarterly performance with the highest revenue and year-on-year growth, supported by progressive ramp-up of newer workshops.

During the quarter, Landmark expanded its network with new Mercedes-Benz outlet in Bhopal and Mahindra outlet in Hyderabad. The company maintains a strategic approach to expansion, focusing on profitable growth and operational efficiency.

Future Outlook

Looking ahead, the company expects continued momentum supported by a healthy pipeline of new model launches including the Mercedes-Benz V Class and CLA, Volkswagen Tayron, MG Majestor, and Renault Duster. Management expressed confidence in the medium to long-term opportunities, particularly in premium luxury and electric vehicle segments, while maintaining disciplined growth strategies and cost optimization focus.