Landmark Cars is the only listed chain of car dealerships in India at this point in time. The Rs 3127-crore Landmark Cars is reportedly gearing up to further expand it by leveraging new partnerships and through acquisitions. It is said that Landmark Cars may leverage its partnerships with original equipment manufacturers such as Mahindra & Mahindra and MG Motor India. However, Landmark Cars also has used acquisition routes in the past to expand its business. Notably, one-fourth of Landmark Cars’s 117 total outlets were bought from previous owners, which consists of dealerships. You should stick with this page and go through the article till the end. Kindly go through the article till the end for more information. Drag down the page.
The chairman of Landmark Cars, India’s only listed car dealership chain, Sanjay Thakker who is also the promoter of Landmark Cars said, “There are many family-run dealership groups in India that have succession issues, financial stress, or they may want to migrate to another business. We are in a position to pay them a fair market price.” As mentioned, Landmark Cars is not only dependent on acquisitions as the company is also hopeful of great business from its dealer outlets for M&M and MG Motor which deal in the high average selling-price passenger vehicle market. Continue reading this article and read more details.
Crisil shared a report that says this fiscal year automotive dealers will witness their revenues accelerate from 8 percent to 10 percent driven by a from5 percent to 7 percent increase in sales volumes, price hikes of 2-5 percent by original equipment manufacturers (OEMs), and premiumization. Sanjay Thakker further said, “I’m sure there will be many, many groups that will consolidate and look to list,” Landmark Cars also hopes that more dealership groups will consolidate and some will list on the stock exchange as well. Drag down the page for more details.
Associate director of S&P Global Mobility Gaurav Vangaal said, “The consolidation of dealer networks is anticipated in the coming years as carmakers have started preferring working with limited dealers. This approach also reinforces trust and brand equity among car buyers,” Landmark Cars which is India’s only listed dealership chain was listed on the India bourses last year in December when the company’s issue Rs 552 crore was subscribed 3 times. On Wednesday, Landmark’s stock price has grown by 66 percent to close at Rs 761.85 on the NSE (National Stock Exchange).