Landmark Cars Limited has received a letter of intent from JSW MG Motor India Pvt. Ltd. (MGI) to open a new MG Experia showroom in Vastral, Ahmedabad, Gujarat. The new dealership will be established by M/s Aeromark Cars Private Limited, a wholly owned subsidiary of Landmark Cars, and will focus on the sales of MG cars. This development marks the company's 17th MG Motor outlet and its 2nd MG sales outlet in Ahmedabad.

Expansion Details

The following table summarises the key details of this new outlet:

Strategic Significance

This expansion is in line with Landmark Cars' stated objective of going deeper into a brand as well as a geography. Ahmedabad holds particular significance for the company, as it is the city where Landmark Cars commenced its operations 27 years back. The new outlet will strengthen the company's foothold in what continues to be an important market.

MG Motors is noted as a leading player in the new energy vehicle segment, with multiple new launches planned. Over the last couple of years, MG has become a meaningful part of Landmark Cars' portfolio, and this addition is expected to further strengthen Landmark's partnership with JSW MG Motor India.

About Landmark Cars Limited

Landmark Cars Limited is a leading premium automotive retail business in India. The company holds dealerships across a wide range of brands and also caters to the commercial vehicle retail business of Ashok Leyland in India. Its key brand partnerships include:

• Mercedes-Benz
• Honda
• Jeep
• Volkswagen
• BYD
• Renault
• Mahindra & Mahindra
• KIA
• MG Motors
• Citroën

Landmark Cars has a presence across the automotive retail value chain, encompassing sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles, and facilitation of the sales of third-party financial and insurance products.

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.