Landmark Cars Gains Nearly 2% on Kolkata Expansion with New Kia Showroom

Mumbai, September 18, 2025 – The shares of Landmark Cars Limited (BSE: 543714 | NSE: LANDMARK) rose by nearly 2% on Thursday morning and reached ₹658.25 after the company announced the expansion of its presence in Kolkata with a new Kia showroom. The stock opened higher than the previous day’s close (of ₹646.05) and soon reached the day’s high of ₹662.80 before consolidating a bit.

Trigger: Kolkata Expansion

The company has received an LOA (Letter of Acceptance) from Kia India to start a new dealership on BT Road, Kolkata, under its subsidiary (Landmark Premium Cars Private Limited).

The company already has one Kia showroom and two workshops in Kolkata. The move will help in increasing Kia’s sales in Kolkata via Landmark Cars. It will also expand the overall car parc and drive higher throughput for its existing service workshops. The company already has a significant footprint in West Bengal, and with this addition, it will reach ten outlets across different brands.

Stock Performance Snapshot (18 Sep 2025 | 11:30 AM IST)

As of 11:30 AM IST on September 18, 2025, the stock was trading at ₹655.25, up 1.42% from the previous close of ₹646.05. The intraday range remained tight between ₹653.85 and ₹660.45, with the VWAP at ₹656.76, suggesting stable trading momentum. The stock is well below its 52-week high of ₹703 (Dec 2024) but has more than doubled from its low of ₹329.80 (Apr 2025), highlighting a strong recovery. With a market cap of ₹2,726.79 crore and a free float of ₹1,302.86 crore, investor sentiment appears resilient.

Company Overview

Landmark Cars Limited is one of India’s leading premium automotive retailers with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, Kia, MG Motor, and Citroën. It also handles the commercial vehicle retail business of Ashok Leyland. It operates across new car sales, after-sales service, pre-owned vehicles, and distribution of third-party financial and insurance products.

REF: https://nsearchives.nseindia.com/corporate/LANDMARK_17092025171705_PRKiaNewShowroomOpening17092025.pdf

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