Landmark Cars Limited has announced its strategic decision to exit Volkswagen dealership operations in Delhi NCR, effective March 31, 2026. The move represents a calculated step to streamline operations and reduce losses from underperforming business segments.

Operational Details and Strategic Rationale

The closure encompasses one showroom and one workshop in the Delhi NCR region. The company has taken this decision objectively to reduce losses arising from non-performing operations, aligning with its broader strategy to rationalize costs while maintaining focus on improving operational efficiency and profitability.

Continued Operations and Business Focus

Despite the Delhi NCR exit, Landmark Cars will maintain its Volkswagen operations in Gujarat, which contribute positively to the company's business performance. This selective approach demonstrates the company's commitment to retaining profitable operations while eliminating loss-making segments.

Financial Impact Assessment

The company expects minimal financial impact from this closure. Given that the Delhi NCR locations have been operational for multiple years, the associated assets have already been depreciated, reducing the potential book impact of the closure decision.

About Landmark Cars Limited

Landmark Cars Limited operates as a leading premium automotive retail network in India, maintaining dealerships for 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.

The company's operations span the entire automotive retail value chain, encompassing:

• Sales of new vehicles
• After-sales service and repairs
• Sales of pre-owned passenger vehicles
• Facilitation of third-party financial and insurance products

This strategic exit reflects Landmark Cars' ongoing efforts to optimize its dealership portfolio and focus resources on profitable operations across its diverse automotive retail network.

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.