Landmark Cars Limited has informed the Exchange regarding a press release dated May 17, 2025, titled "Landmark Cars Limited has informed the exchange regarding a Press Release in relation to acquire Kia workshop in Hyderabad to further strengthen its presence".
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Landmark Cars has received in-principle approval from Kia India to take over an existing Kia workshop in Hyderabad. This move comes a couple of months after the company acquired the Kia showroom business from the same dealer. The acquired workshop will operate under Landmark Premium Cars Private Limited. The company said the acquisition aligns with its strategy of reducing competition tactically while deepening its footprint in Hyderabad. The workshop is expected to help Landmark tap into Hyderabad's large Kia car parc and grow its after-sales service business for long-term growth.
Positive for shareholders — this consolidates Landmark's Kia presence in Hyderabad by combining showroom and workshop operations under one roof, which can boost after-sales revenue and customer retention. The bolt-on acquisition signals continued focus on strategic, low-risk expansion within existing markets.