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Latest news about Landmark Cars

Landmark Cars Reports 30.52% Revenue Growth in Q2 FY26, Expands Operations 6 days ago

Landmark Cars Limited (LCL) announced robust Q2 FY26 financial results, with total revenue from operations reaching ₹1,655 crore, a 30.52% year-over-year increase. Vehicle sales revenue grew by 35.03% to ₹1,403 crore, while after-sales service and spare parts revenue increased by 10.04% to ₹252 crore. The company expanded operations, opening new KIA workshops in Hyderabad, Mercedes-Benz operations in Patna, and an MG Select outlet in Kolkata. LCL plans further expansion with new Mahindra and KIA outlets. The company noted strong growth during Navratra, despite some purchase deferrals due to anticipated GST rate reductions.

Landmark Cars to Acquire Remaining Stake in Mercedes-Benz Dealership Subsidiary Oct 07, 2025

Landmark Cars to Acquire Remaining 17% Stake in East Division, Strengthening Market Position Oct 06, 2025

Landmark Cars Sees 30% Surge in Enquiries After GST Cuts, Expects Strong Growth Sep 29, 2025

Landmark Cars Executive Director Sells 700,000 Shares to Repay Property Loan Sep 19, 2025

More news about Landmark Cars

17Sept 25

Landmark Cars Expands Kolkata Presence with New KIA Showroom

Landmark Cars Limited is expanding its presence in Kolkata with a new KIA showroom on B.T. Road, following a Letter of Award from KIA India. This addition will complement their existing KIA outlets in the city, bringing their total to one showroom and two workshops. The expansion is expected to increase Landmark's market share, expand the KIA car parc in Kolkata, and boost workshop throughput. This move will increase Landmark's total outlets in West Bengal to ten across various automotive brands.

16Sept 25

Landmark Cars: Mercedes Mulls Price Hike Amid Rupee Weakness

Landmark Cars announced that Mercedes is considering increasing vehicle prices in India due to the weakening rupee against the euro. This potential move could impact imported vehicles and components, affecting Landmark Cars' sales volume, profit margins, and market positioning as a Mercedes-Benz dealer. The situation highlights the luxury automobile market's sensitivity to currency fluctuations and may indicate a broader trend in the sector.

10Sept 25

BYD Eyes Indian Market with Affordable ATTO 2 EV Launch

Chinese electric vehicle manufacturer BYD is planning to expand its presence in India by introducing the ATTO 2, its most affordable electric vehicle model. The company aims to partner with Landmark Cars, a major player in Indian automotive retail, to launch and distribute the new model. This strategic move could intensify competition in the budget EV segment, provide Indian consumers with more accessible electric vehicle options, and potentially increase BYD's market share in India's growing EV market.

02Sept 25

Landmark Cars Expands Partnerships: Stellantis Intent Letter and Citroën Expansion in Delhi

Landmark Cars Limited announced key developments in its automotive partnerships. The company's subsidiary received an intent letter from Stellantis Automobiles India. Landmark Lifestyle Cars Private Limited, a wholly-owned subsidiary, obtained a letter of intent from Stellantis for Citroën's sales and after-sales business in Delhi. The company plans to use its existing Jeep infrastructure for the Citroën arrangement. As part of consolidation, Landmark will close its Jeep showroom in Moti Nagar, Delhi. These moves align with the company's strategy to optimize operations and strengthen brand partnerships in the premium automotive retail sector.

20Aug 25

Landmark Group to Invest Rs 400 Crore in Premium Gurugram Housing Project

Landmark Group announces plans to invest Rs 400 crore in 'Landmark SKYVUE', a new residential project in Gurugram's Sector 103 along the Dwarka Expressway. The project will feature 240 apartments across 4 acres, with unit prices ranging from Rs 5 crore to Rs 7 crore. The launch price is set at Rs 17,500 per square foot. Funding will come from internal accruals, bank loans, and customer advances. The company cites strong demand in the Gurugram market, driven by ongoing infrastructure developments.

15Aug 25

Landmark Cars Limited Expands into Luxury Retail with New Subsidiary

Landmark Cars Limited has incorporated a new wholly owned subsidiary, Landmark Luxury Retail Private Limited (LLRPL), on August 14, 2025. The subsidiary, registered in Ahmedabad, Gujarat, marks Landmark Cars' entry into the luxury retail sector. LLRPL has an initial investment of Rs. 1,00,000 with 10,000 equity shares at Rs. 10 each. While operations have not yet commenced, this strategic move aims to diversify Landmark Cars' business portfolio and tap into India's growing luxury market.

13Aug 25

Landmark Cars Reports Revenue Growth Despite Profit Dip in Q1 FY26

Landmark Cars Limited reported Q1 FY26 results with total income rising 28% to ₹10,668.83 crore, driven by strong multi-brand sales. Net profit declined 15.6% to ₹73.66 crore. EBITDA improved by 32.9% to ₹662.00 crore. The company transitioned its Mercedes-Benz dealership to an agency model, with sales worth ₹3,767.05 crore under this arrangement. EPS increased to ₹1.67 from ₹0.77 year-on-year.

15Jul 25

Landmark Cars Expands Partnerships and Reports Strong Q1FY26 Revenue Growth

Landmark Cars Limited has expanded its partnerships with Mahindra and Kia, opening new outlets in Kolkata and Hyderabad. The company is positioning its MG Select brand in the luxury segment with the MG Cyberster and MG M9 EV models set for delivery by July-end. Financially, Landmark Cars reported a 21.60% year-on-year revenue increase to ₹1,415.00 crore in Q1FY26. The company has scheduled investor meetings for July 17-18, 2025, to discuss publicly available information.

02Jul 25

Landmark Cars Alerts Stakeholders to Potential GST Hike on Luxury Vehicles

Landmark Cars, a major player in the luxury automobile sector, has issued a cautionary statement about a possible increase in Goods and Services Tax (GST) rates on luxury cars. While specific details about the extent of the increase or implementation timeline are not disclosed, the company has proactively informed stakeholders about this potential change in taxation. The possible GST hike could impact pricing, sales volume, and consumer behavior in the luxury car market. This warning demonstrates Landmark Cars' commitment to transparency and allows both the company and customers to prepare for potential market adjustments.

30May 25

Landmark Cars Targets Significant Cost Reductions for Current Year

Landmark Cars, an automotive retail sector leader, has revealed plans for significant cost reductions in the current fiscal year. The company aims to cut 'other costs' and manpower costs each by 10% as a percentage of turnover. This strategy focuses on enhancing financial performance and operational efficiency while maintaining flexibility relative to revenue.

29May 25

Landmark Cars Q4 Results: Revenue Surges, Profit Declines Amid Margin Pressure

Landmark Cars, an automotive retail sector player, released Q4 financial results showing a 26.16% year-over-year revenue increase to ₹10.90 billion. However, profitability faced challenges with net profit declining 86.58% to ₹14.22 million. EBITDA slightly improved to ₹546.70 million, but the EBITDA margin decreased to 5.01% from 6.19%. The results indicate strong sales momentum but suggest increased operational costs or pricing pressures.

17May 25

Landmark Cars Set to Acquire Kia Workshop in Hyderabad, Expanding Regional Presence

Landmark Cars Limited plans to acquire a Kia workshop in Hyderabad, strengthening its presence in the city's automotive retail sector. This strategic move aims to enhance the company's service capabilities, potentially increase market share, and solidify its relationship with Kia Motors. While specific details remain undisclosed, the acquisition is expected to expand Landmark Cars' service network and potentially boost revenue through after-sales services.

29Apr 25

Landmark Cars Exits Punjab Operations, Expects Minimal Financial Impact

Landmark Cars Limited, a major player in India's premium automotive retail sector, has announced its complete withdrawal from Punjab. The company has sold its Jeep Punjab business, which included two showrooms and one workshop. This strategic move is part of Landmark Cars' efforts to consolidate operations and optimize costs. The company expects minimal financial impact due to the assets' depreciation over years of operation. Landmark Cars continues to maintain a strong presence across India, offering services in new vehicle sales, after-sales service, pre-owned vehicle sales, and financial product facilitation for various luxury and mass-market automotive brands.

28Apr 25

Landmark Cars Exits Punjab Operations, Expects Minimal Financial Impact

Landmark Cars Limited has announced its decision to cease operations in Punjab. The company states this strategic move will have a negligible impact on its overall financial performance. This exit is part of Landmark Cars' efforts to optimize its operational footprint, though specific reasons for the withdrawal were not disclosed. The company continues to operate in several other key markets across India.

16Apr 25

Landmark Cars Reports 17.31% YoY Revenue Growth in Q4FY25, Focuses on Stabilizing New Outlets

Landmark Cars Limited announced strong financial results for Q4FY25, with consolidated revenue reaching ₹1,525.00 crore, a 17.31% increase year-over-year. Vehicle sales grew by 21.10%, while after-sales service and spare parts revenue increased by 10.81%. For the full fiscal year 2025, total revenue grew by 20.86% to ₹5,626.00 crore. The company opened 9 new workshops and began deliveries of new models. Future plans include opening new outlets and participating in a Non-Deal Roadshow in San Francisco.

15Apr 25

Landmark Cars Reports 17.31% Revenue Growth in Q4FY25, Focuses on Stabilizing New Outlets

Landmark Cars Limited announced robust Q4FY25 financial results, with total revenue from operations reaching ₹1,525.00 crore, a 17.31% YoY increase. Vehicle sales surged 21.10% to ₹1,257.00 crore. The company is focusing on stabilizing newly opened outlets after rapid expansion in FY25. Deliveries of new models like Mahindra BE6, XEV 9E, and BYD Sealion 7 began in late March 2025. Service business expansion includes 9 new workshops in FY25, with more planned for Q1FY26. For FY25, total revenue grew 20.86% to ₹5,626.00 crore, driven by strong vehicle sales and after-sales service growth.