New Launch20 Jan 2025, 11:29 pm
Landmark Cars and JSW MG Motor India Deepen Ties with Launch of Innovative MG Select Dealerships
AI Summary
Landmark Cars Limited, a leading premium automotive retail business in India, has received a letter of intent from JSW MG Motor India Pvt. Ltd. to open new MG Select dealerships in Ahmedabad and Kolkata. The new brand channel, MG Select, is dedicated to developing the 'accessible luxury' segment in India with two models, MG Cyberster and MG M9 EV. These dealerships will be established by M/s Aeromark Cars Private Limited, a subsidiary company of Landmark Cars. The collaboration expands Landmark's presence in the luxury market and aligns with its strategy of horizontal and vertical expansion. The dealerships will help Landmark consolidate its leadership position in Ahmedabad and increase its offerings in Kolkata.
Key Highlights
- Landmark Cars received a letter of intent from JSW MG Motor India Pvt. Ltd. to open new MG Select dealerships in Ahmedabad and Kolkata.
- MG Select is dedicated to developing the 'accessible luxury' segment in India with two models, MG Cyberster and MG M9 EV.
- The dealerships will be established by M/s Aeromark Cars Private Limited, a subsidiary company of Landmark Cars.
- This strategic collaboration expands Landmark's presence in the luxury market and aligns with its strategy of horizontal and vertical expansion.
- The dealerships will help Landmark consolidate its leadership position in Ahmedabad and increase its offerings in Kolkata.