Landmark Cars Exits Punjab Operations to Streamline Business

The latest announcement is out from Landmark Cars Ltd. ( (IN:LANDMARK) ).

Landmark Cars Limited has announced its exit from business operations in Punjab by selling its Jeep Punjab business, which includes two showrooms and one workshop. This strategic move aligns with the company’s efforts to consolidate operations and rationalize costs, with minimal financial impact expected due to asset depreciation. The exit reflects Landmark Cars’ focus on optimizing its market presence and operational efficiency.

More about Landmark Cars Ltd.

Landmark Cars Limited is a leading premium automotive retail business in India, offering dealerships for brands such as Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA, Citroen, and MG Motors. The company also deals with the commercial vehicle retail business of Ashok Leyland. Its operations span the automotive retail value chain, including new vehicle sales, after-sales service, pre-owned vehicle sales, and facilitation of third-party financial and insurance products.

YTD Price Performance: -33.08%

Average Trading Volume: 5,545

Current Market Cap: 17.16B INR

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