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Hindustan Times
22-07-2025
- Automotive
- Hindustan Times
Mercedes-Benz opens first showroom in Patna, sees Bihar as a key emerging market
Mercedes-Benz has opened its first showroom in Patna. Check Offers Mercedes-Benz has inaugurated its first-ever showroom in Patna. Operated by Landmark Cars, the showroom launch marks the German luxury car manufacturer's expansion in the state that is considered one of the backwards ones in the luxury carmaker's map in India. However, Mercedes-Benz India sees Bihar as one of the key emerging markets in the country and aims to strengthen its presence in such emerging markets. With the launch of the showroom in Patna, the automaker aims to tap the growth potential there. Spread across 16,500 square feet, the new showroom is the brand's first 3S (Sales, Service and Spares) facility in Patna. This showroom also has an electric vehicle support ecosystem. The showroom is equipped with a 60W DC fast charger for electric vehicles. The EV charger will be accessible to all the electric vehicle owners in the city. Also, the facility is capable of displaying the complete Mercedes-Benz model range, including top-end luxury vehicles like the S-Class, Mercedes-Maybach, and AMG performance models. Customers will have access to test drives, vehicle handovers in a dedicated bay and a complete range of after-sales service for their vehicles at the facility. The showroom comes with digital consultation tools and dedicated customer lounges. The Patna showroom is a key part of Mercedes-Benz's bigger plan to expand its presence in the key growth markets across the country. The luxury car marque is also planning to open additional retail outlets in Kanpur, Varanasi, and Udaipur. Besides that, it has recently launched showrooms in cities such as Agra and Jammu. The automaker currently has a retail presence in 50 cities across India, with 125 touchpoints nationwide. Speaking on the inauguration of the Mercedes-Benz Patna showroom, Santosh Iyer, MD and CEO, Mercedes-Benz India, said the company is delighted to inaugurate Patna's first-ever luxury car showroom, marking a significant milestone in he brand's journey in the country. "Patna represents the evolving aspirations of new-age customers, with a growing appetite for luxury products, services and experiences," he added. Get insights into Upcoming Cars In India, Electric Vehicles, Upcoming Bikes in India and cutting-edge technology transforming the automotive landscape. First Published Date: 22 Jul 2025, 08:25 am IST
Time of India
21-07-2025
- Automotive
- Time of India
Mercedes-Benz opens first showroom in Patna
Mercedes-Benz India has inaugurated its first showroom in Patna, operated by Landmark Cars. The new outlet marks the company's expansion into Bihar and supports its ongoing strategy to establish a presence in emerging markets. The facility, spread across 16,500 sq. ft., is the first 3S (sales, service, and spares) Mercedes-Benz dealership in the city. Landmark Cars, one of the brand's long-standing partners, will manage operations at the site. Santosh Iyer, MD and CEO, Mercedes-Benz India, said, 'We are delighted to inaugurate Patna's first-ever luxury car showroom, marking a significant milestone in Mercedes-Benz's India journey. Patna represents the evolving aspirations of new-age customers, with a growing appetite for luxury products, services and experiences.' EV charging and full product line-up The new showroom includes a 60 kW DC fast charger, which is accessible to all EV owners in Patna. The facility is capable of displaying the complete Mercedes-Benz model range, including top-end luxury vehicles like the S-Class, Mercedes-Maybach, and AMG performance models. Customers will also have access to test drives, vehicle handovers in a dedicated bay, and a full suite of aftersales services. The showroom follows Mercedes-Benz's global design and process standards, incorporating digital consultation tools and dedicated customer lounges. Sanjay Thakker, Chairman and Executive Director of Group Landmark, said, 'This new facility provides an immersive customer journey, from personalised consultations and exclusive hospitality to aftersales service. Landmark Cars Patna offers a luxury experience aligned with customer expectations in the region.' Expansion plans continue The Patna showroom is part of a broader plan by Mercedes-Benz India to strengthen its network across key growth markets. The company is planning to open additional outlets in Kanpur, Varanasi, and Udaipur, and has already launched new showrooms in Agra and Jammu. Mercedes-Benz India currently operates in over 50 cities, with more than 125 touchpoints nationwide.
Business Standard
15-07-2025
- Automotive
- Business Standard
Landmark Cars reports revenue climbs 22% YoY to Rs 1,415 cr in Q1
Landmark Cars reported total revenue from operations jumped 21.56% to Rs 1,415 crore in Q1 FY26, compared with Rs 1,164 crore in Q1 FY25. During the quarter, revenue from after-sales service and spare parts and others aggregated to Rs 235 crore (up 8.29% YoY) and vehicle sales revenue (including agency sales & pre-owned vehicle sales) amounted to Rs 1,180 crore (up 24.60% YoY). Landmark Cars expanded its operations in July 2025 by operationalizing two KIA workshops in Hyderabad and commencing Mercedes-Benz operations in Patna. The company expects these developments to impact Q2FY26 results. Further expansion includes plans to strengthen its partnership with Mahindra & Mahindra through a new sales outlet in Kolkata and small-format KIA outlets in Hyderabad and Kolkata. Operations under the MG Select brand are set to begin in Ahmedabad and Kolkata, with the luxury electric modelsCyberster and M9 EVexpected to be delivered by the end of July 2025. Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, BYD, Renault, Mahindra & Mahindra, KIA and MG Motors. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third-party financial and insurance products. The companys consolidated net profit declined 86.6% YoY to Rs 1.42 crore despite a 26.3% jump in revenue from operations to Rs 1,091.22 crore in Q4 FY25 over Q4 FY24. The counter declined 3.14% to Rs 526.95 on the BSE.
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Business Standard
14-07-2025
- Automotive
- Business Standard
Landmark Cars stock jumps 6% as B&K Sec initiates coverage, 60% upside seen
Landmark Cars share price: Shares of premium automotive retailer Landmark Cars were in focus on Monday, July 14, 2025, rising as much as 6 per cent to hit an intraday high of ₹539.65 after domestic brokerage B&K Securities initiated coverage on the stock with a bullish outlook, driven by strong growth potential and improving profitability over the next two years. The brokerage initiated coverage on Landmark Cars with a 'Buy' rating and a target price of ₹820 per share, implying a 60 per cent upside from Friday's closing levels. At 3 PM, the stock was trading at ₹531, up 4.5 per cent from its previous day's close of ₹507.85. In comparison, the benchmark NSE Nifty50 was trading lower by 73.55 points or 0.3 per cent at 25,080.3 levels. According to analysts at B& Securities, while Landmark Cars' proforma and reported revenues grew at a compound annual growth rate (CAGR) of 11 per cent and 9 per cent, respectively, from FY23 to FY25, the company's Ebitda, PBT, and PAT declined by 3 per cent, 20 per cent, and 55 per cent, respectively. However, the company's sales growth of 11 per cent was double the Indian passenger vehicle sales CAGR of 5 per cent over FY23 to FY25. During FY25, the older outlets and workshops contributed ₹70 crore to PBT, and the newly opened ones incurred PBT-level losses of ₹40 crore. As these facilities ramp up, they are expected to break even starting Q1FY26, with most turning profitable by the end of FY26, the brokerage said. The company has also tied up with three new brands - Mahindra & Mahindra (M&M), Kia and MG Motors - over the past two years. Landmark Cars is the first multi-brand, multi-location auto dealer operating in the premium and luxury car segment in India with 70 showrooms and 61 workshops as of FY25. "While the after-sales mix for old brands is 17 per cent for the new brands, it is 9 per cent. As the after-sales mix improves for these new brands and new outlets scale up, we expect the margin of the company to improve from 5.5 per cent to 7.5 per cent over FY25-27E," B&K Securities said. Analysts at B&K Securities believe that Landmark Cars remains a highly moated business with pan-India reach, high switching costs for OEMs, and market leadership with many OEMs, including Mercedes Benz, BYD, Jeep, Volkswagen, Honda and MG Motors. While the high capital requirements prevent smaller players from entering this segment, the intricate nature of the business is driving consolidation in the industry.
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Business Standard
19-06-2025
- Automotive
- Business Standard
Landmark Cars hits over four-month high; zooms 15% in subdued market
The stock price of the auto dealer company - Landmark Cars share price was trading at its highest since Jan 27, 2025, and has bounced back 84% from it's all-time low of ₹306.05 touched on Apr 7, 2025. SI Reporter Mumbai Landmark Cars share price today Shares of Landmark Cars hit an over four-month high at ₹564, as they zoomed 15 per cent on the BSE in Thursday's intra-day trade amid healthy volumes on expectations of an improvement in the business outlook. The stock price of this auto dealer company was trading at its highest level since January 27, 2025. It has bounced back 84 per cent from it's all-time low of ₹306.05, touched on April 7. The stock had hit a 52-week high of ₹ 746 on June 19, 2024 and a record high of ₹901.95 on February 7, 2024. At 11:29 AM; Landmark Cars was trading 7.5 per cent higher at ₹525, as compared to 0.06 per cent decline in the BSE Sensex. The average trading volumes at the counter jumped multiple-fold with a combined 2.3 million shares changing hands on the NSE and BSE. Landmark Cars made its stock market debut on December 23, 2022. The company raised ₹552 crore by allotting shares at issue price of ₹506 per share. Track LIVE Stock Market Updates At the start of financial year 2024-25 (FY25), the company had set out a goal of opening 24 new outlets. The company has successfully operationalised 23 of them, ahead of timelines and well within budgeted costs. Landmark Cars said it will operationalize the remaining outlet from June 2025. India remains a bright spot on the global map. Various ongoing Free Trade Agreements discussions are improving the prospects for auto business. With discussions around reducing import duties gaining traction, the Indian auto market could become even more attractive for global brands. As a multi-brand retailer aligned with leading international original equipment manufacturers (OEMs), Landmark is well poised to capitalize on these developments. Landmark is also a large partner for BYD as well as MG Motors, leaders in the EV space with clear price and product advantage. Rising EV adoption in India will clearly benefit Landmark in the times to come, the management said in the Q4FY25 earnings conference call. Meanwhile, global benchmarks show that leading auto retailers in the US and China hold between 1.5 per cent to 2 per cent market share in passenger vehicle (PV) space. Compared to this, India's current share in PV market is approximately 0.5 per cent by volume and a little more by value, indicating the significant long term growth potential that lies ahead. 'With stable macroeconomic backdrop and strategic initiatives, we are well poised to capitalize on the long-term growth opportunities and aspire to increase our market share in this growing market,' the management said. Analysts believe Landmark Cars should benefit from the addition of high-growth brands, new PV launches and continuation of the premiumization trend. Meanwhile, in another development, on May 17, Landmark Cars announced that it has received an in-principle approval from Kia India to take over an existing workshop in Hyderabad. With this workshop, Landmark Cars will be able to cater to the large car parcels of Kia in Hyderabad as well as increase its business from after Sales services to achieve long term growth trajectory, the company said. About Landmark Cars Landmark Cars is the leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, Citroen, BYD, Renault, Mahindra & Mahindra, KIA and MG Motors. The company also caters to the commercial vehicle retail business of Ashok Leyland in India. The company has its presence across the automotive retail value chain, including sales of new vehicles, after-sales service and repairs, sales of pre-owned passenger vehicles and facilitation of the sales of third party financial and insurance products.
