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Landmark Cars India Limited receives Letter of Intent from Honda Cars India, for dealership acquisition in Jaipur, Alwar, and Bhiwadi
Key Highlights:
Landmark Cars India Limited is set to acquire car dealerships in Jaipur to become the largest Honda Car Dealer in India. The Mumbai-based Landmark Cars India received a letter of intent from the manufacturer of the iconic Honda City, to acquire the existing dealerships in the areas of Jaipur, Alwar, and Bhiwadi, expanding the operations of Landmark Cars India to 11 states in India. If the acquisition goes through without any hold-ups, then Landmark Cars India will become the largest Honda car dealer in India.
Sanjay Thakker, the chairperson of Landmark Cars, commented with excitement, “Landmark Cars, over the years, has become the preferred choice for the OEMs, and this transaction shows Honda’s continued trust in the company,” he further added, “I am very excited for Landmark’s entry in the state of Rajasthan. Over the years, Landmark has profitably scaled its operations with Honda to become the largest Honda dealer in India. Honda is a consistent and profitable brand in Landmark’s portfolio. This development is strategic and bodes well with Landmark’s expansion strategy of expanding with existing and profitable brands.”
Landmark Cars Limited is one of the leading premium automotive retail businesses in India, with a staggering portfolio of dealerships under its belt, including brands like Mercedes-Benz, Jeep, BYD, Renault, and others. The company also assists Ashok Leyland in its commercial vehicle retail business in India. Landmark Cars Limited has a generous presence across the automotive sector, including sales of both new and pre-owned vehicles, after-sales service and repairs, and the sale of third-party insurance products.