Landmark Cars arm gets letter of intent to open new MG Experia outlet in Ahmedabad

Landmark Cars has said it has received a letter of intent from JSW MG Motor India Pvt Ltd to open a new MG Experia showroom in Vastral, Ahmedabad.The dealership will be established by Aeromark Cars Pvt Ltd, Landmark Cars’ wholly-owned subsidiary.

This would be the company’s 17th MG Motor outlet and will entail sales of MG cars.
Landmark Cars said MG Motors is a leading player in the new energy vehicle segment with multiple new launches planned. In the last few years, it has become a meaningful part of Landmark’s portfolio, and this addition would help in strengthening the latter’s partnership with JSW MG Motor India, it added.Landmark Cars shares ended the previous session 3.2% up at ₹522 apiece. The stock has gained 20.6% in the past month and 10.6% this year, so far.

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