Landmark Automobiles Restricted is ready to determine an MG Motor dealership within the state of Goa. MG Motor India Pvt Ltd has granted Landmark Automobiles Restricted’s wholly-owned subsidiary, Aeromark Automobiles Non-public Restricted, a Letter of Intent for this dealership.
The brand new enterprise will embody the gross sales and after-sales companies for MG Automobiles and can mark Landmark Automobiles’ third MG Motor dealership, following the profitable institutions in Indore and Bhopal in Madhya Pradesh. The Goa dealership is predicted to grow to be operational inside the present quarter. This transfer signifies Landmark Automobiles’ entry into its ninth state in India, per the corporate.
Landmark Automobiles Restricted operates dealerships for manufacturers resembling Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, MG, Mahindra, and Renault. Moreover, the corporate serves the industrial car retail enterprise of Ashok Leyland in India. Landmark Automobiles Restricted is engaged in varied facets of the automotive retail worth chain, encompassing new car gross sales, after-sales companies and repairs, gross sales of pre-owned passenger automobiles, and facilitation of third-party monetary and insurance coverage product gross sales.
Nonetheless, the shares have been down by 0.17 per cent to ₹792.50 at 12.08 pm on the BSE.
