Landmark Cars Limited (BSE: 543714 & NSE: LANDMARK), one of the leading premium automotive retail businesses in India, has received a Letter of Intent from MG Motor India Pvt Ltd for opening dealership in the State of Goa. This dealership will be established by M/s Aeromark Cars Private Limited, a wholly owned subsidiary company of Landmark Cars. This business will include Sales and After Sales of MG Cars. This will be the third MG Motor dealership of the Company after Indore and Bhopal in Madhya Pradesh. The dealership will be operational in the current quarter.
With this, Landmark Cars has entered into the 9th State in India. This is in line with the Company's strategy of increasing the footprint across India.
Shares of Landmark Cars Limited was last trading in BSE at Rs. 787.25 as compared to the previous close of Rs. 793.85. The total number of shares traded during the day was 6827 in over 845 trades.
The stock hit an intraday high of Rs. 803.75 and intraday low of 784.05. The net turnover during the day was Rs. 5417697.00.