Landmark Cars Limited has informed the Exchange regarding a press release dated March 26, 2026, titled "Landmark Cars exits Volkswagen operations in Delhi NCR.".
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Landmark Cars has decided to shut down its Volkswagen dealership business in the Delhi NCR region effective March 31, 2026. The exit covers one showroom and one workshop, which had been running for multiple years. The company says the move is aimed at cutting recurring losses from non-performing operations, as part of a broader strategy to improve profitability. Since the assets in Delhi NCR were already fully depreciated, the company expects minimal financial impact on its books. Landmark will continue to run Volkswagen dealerships in Gujarat, which it says contribute positively to the business. Overall, the company remains a multi-brand premium auto retailer with partnerships across Mercedes-Benz, Honda, Jeep, BYD, Renault, Mahindra, KIA, MG, and Citroën.
Short-term impact on stock is likely limited because the exiting operations were loss-making and assets are already depreciated. Investors may view this as a positive cost-rationalisation step, though it does reduce the company's geographic footprint with the Volkswagen brand.