Landmark Cars Limited has received a letter of intent from JSW MG Motor India Pvt. Ltd. (MGI) to establish a new MG Experia showroom in Vastral, Ahmedabad, Gujarat. The announcement, made on July 25, 2026, marks the company’s 17th MG Motor outlet overall and its second sales outlet in Ahmedabad, reinforcing its strategic focus on deepening brand and geographic penetration in key markets.

The dealership will be set up by M/s Aeromark Cars Private Limited, a wholly owned subsidiary of Landmark Cars. The move aligns with the company’s long-term objective of expanding its footprint in regions where it has historical presence; Ahmedabad is where Landmark Cars began operations 27 years ago. This expansion strengthens Landmark’s partnership with JSW MG Motor India, particularly as MG Motors continues to launch new energy vehicles and solidify its position in the premium automotive segment.

Expansion Details

The following table outlines the key parameters of the new outlet:

Strategic Significance

This addition supports Landmark Cars’ strategy of going deeper into both brand and geography. With MG becoming a meaningful part of its portfolio over the last couple of years, this outlet enhances Landmark’s retail network in Gujarat. The company operates across the automotive value chain, including new vehicle sales, after-sales service, pre-owned vehicle sales, and third-party financial and insurance product facilitation.

About Landmark Cars Limited

Landmark Cars Limited is a leading premium automotive retailer in India, holding dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA, MG Motors, and Citroën. It also manages the commercial vehicle retail business for Ashok Leyland in India.

Landmark Cars has reported its highest-ever first-quarter revenue in Q1 FY27, with total revenue from operations climbing 22.47% year-on-year to ₹1,733 crore. The strong performance was backed by solid growth in both vehicle sales and after-sales segments, driven by new model launches and improved supplies. The company delivered a record sales performance for the first quarter, supported by the ramp-up of newly opened workshops and stabilization of operations.

Revenue Performance at a Glance

The company's Q1 FY27 financial results reflect robust growth across its key revenue segments. The following table summarises the year-on-year comparison:

Vehicle Sales Drive Top-Line Growth

Vehicle sales remained the primary engine of revenue growth, rising 24.15% year-on-year to ₹1,465 crore during Q1 FY27. This segment includes revenue from the sale of cars through the Mercedes-Benz agency model, where customers place orders directly with MBIL and the company earns a commission on each sale. Deliveries of several key models commenced in the June quarter, including the Mercedes-Benz CLA, MG Majestor, and the new Renault Duster.

After-Sales Services Register Steady Expansion

The after-sales segment, which includes servicing, spare parts, and related offerings, recorded a 14.04% year-on-year increase in revenue to ₹268 crore in Q1 FY27. Supported by the ramp-up and stabilization of newly opened workshops, the after-sales business delivered solid performance in line with company expectations. The company is expanding its workshop capacity in several brands to address increasing demand in select geographies.

New Model Launches and Supply Updates

Looking ahead, new models are expected to be launched from Mercedes-Benz, BYD, MG, M&M, Honda, and KIA in the upcoming quarters, which are expected to drive healthy sales momentum. Additionally, the supply of BYD cars improved in the June quarter, with further improvement expected in the current quarter.