India’s auto retail sector has seen an impressive growth spurt recently, and Landmark Cars Ltd is driving that momentum. With a stellar Q4 business update and a robust 21% jump in FY25 revenue, the company has not only won customer trust but also investor confidence, resulting in a 3% rise in its share prices.
Let’s take a deep dive into Landmark Cars’ latest financial performance, expansion moves, market dynamics, and what this could mean for stakeholders and the Indian automotive industry at large.
Landmark Cars Ltd is one of India’s leading premium and luxury automobile retailers. The company is a franchisee partner for a range of global auto brands, including:
Mercedes-Benz
Honda
Jeep
Volkswagen
BYD
Renault
MG Motor
Ashok Leyland
Mahindra & Mahindra
Kia Motors
It also operates in the used-car business and offers after-sales services like repairs, maintenance, and the sale of spare parts. Landmark has been expanding aggressively across India, currently operating in states such as Gujarat, Maharashtra, Delhi NCR, Madhya Pradesh, Punjab, and Telangana.
Landmark Cars recorded a 21% year-over-year (YoY) revenue growth, reaching ₹4,077 crore for the fiscal year.
For the quarter ending December 2024 (Q3 FY25), the company reported consolidated revenue of ₹1,645 crore, marking a 26.34% YoY increase.
Vehicle Sales Revenue: ₹1,363 crore (↑ 29.93% YoY)
After-Sales & Spare Parts: ₹246 crore (↑ 8.37% YoY)
Pre-Owned Vehicles: ₹36 crore (↑ 38.46% YoY)
This significant growth across core business verticals demonstrates the resilience and scalability of Landmark’s business model.
Following the business update, Landmark Cars' stock surged by 3%, reflecting bullish investor sentiment and confidence in the company’s direction.
The rally comes at a time when investors are placing increasing emphasis on operational expansion, sustainability, and brand partnerships in the auto retail space. Landmark’s numbers tick all the boxes, which explains the positive reaction on the bourses.
Landmark Cars is not just growing its revenue—it’s aggressively expanding its footprint.
In Q3 FY25 alone, Landmark commenced operations at seven new facilities, including:
Mahindra & Mahindra outlets in Hyderabad
Kia Motors dealerships in Hyderabad
As per the company’s strategic roadmap, it had planned 24 new outlets for FY25—and by December 2024, 22 were already operational, showing near-complete execution of its goals.
This expansion strategy is not just about quantity but also quality—Landmark is entering high-growth potential regions and enhancing its service delivery capabilities.
Multiple factors are driving this growth spurt for Landmark Cars:
According to a report by IBEF, India's luxury vehicle market is poised to reach 100,000 units by 2027. Landmark’s strategic alliances with high-end automakers like Mercedes-Benz and BYD allow it to ride this premiumization wave.
India’s pre-owned car segment is forecasted to grow at a CAGR of 15% between 2023 and 2028. Landmark is tapping into this sector smartly, and the 38.46% growth in pre-owned vehicle revenue is a testament to its focus on diversified income streams.
With over 70+ service centres, Landmark is well-placed to benefit from the growing demand for vehicle servicing, repairs, and maintenance. The steady 8.37% increase in after-sales revenue highlights recurring customer engagement and strong brand recall.
Landmark Cars has also integrated several digital touchpoints to enhance customer experience. Through its online vehicle booking, service scheduling, and pre-owned car listing platforms, Landmark is appealing to India’s digitally savvy consumer base.
Their official website offers end-to-end solutions—from selecting your dream car to post-sale servicing—under one unified platform.
Several analysts believe that Landmark Cars’ consistent performance and clear growth strategy could position it among the top auto retailers in Asia over the next few years.
Additionally, the company's multi-brand strategy provides significant leverage, enabling it to tap into different income brackets, from budget buyers to luxury enthusiasts.
Looking ahead, Landmark Cars is aiming to:
Strengthen its electric vehicle (EV) offerings, particularly through partnerships with BYD and MG.
Deepen its penetration into Tier-2 and Tier-3 cities, where rising affluence is creating new demand.
Expand its digital used-car platform to offer customers seamless end-to-end car-buying experiences.
The company has also expressed interest in exploring subscription-based models and car-as-a-service (Caas) offerings as the industry continues to evolve.
If you're an investor looking at the Indian auto retail sector, Landmark Cars should certainly be on your radar:
While stock prices in the auto sector can be cyclical and influenced by macroeconomic trends (fuel prices, interest rates, etc.), Landmark’s model offers some insulation thanks to its multi-brand and multi-service vertical approach.
Landmark Cars has not just delivered an impressive Q4 performance; it has shown the market that it’s ready to play in the big leagues. A 21% increase in revenue, seven new operational facilities, and a 3% boost in stock price paint a compelling picture of a company on the rise.
As India’s automotive landscape evolves—with a tilt toward luxury, EVS, and digitisation—Landmark Cars seems to be in the driver’s seat. Whether you’re a potential customer, investor, or industry observer, Landmark’s growth story is one to watch closely.