Landmark Cars receives LoI for MG Motor dealership in Mumbai

Madhu Balaji Updated - February 08, 2024 at 12:04 PM.

Landmark Cars Ltd has received a Letter of Intent (LoI) from MG Motor India Pvt Ltd for opening a dealership in Mumbai, Maharashtra.

As per the company’s statement, the dealership will be established by Aeromark Cars Private Limited, a wholly-owned subsidiary company of Landmark Cars. The business will include sales and after sales services of MG Cars.

The company received a letter of approval from BYD India Pvt Ltd for opening a showroom in South Mumbai, Maharashtra. 

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Landmark Cars stock declined by 2.37 per cent on the NSE, trading at ₹836.10 as of 12 pm. The stock had reached a 52-week high on February 7 at ₹905.

Published on February 8, 2024 06:31
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