Joint Venture2 Sept 2025, 03:15 pm
Landmark Cars and Stellantis Extend Bespoke Citroën Arrangement to Delhi
AI Summary
Landmark Cars Limited, a leading premium automotive retail network in India, has received a letter of intent from Stellantis Automobiles India Private Limited for the sale and after-sale business of the Citroën car brand in Delhi. This move is part of Landmark’s strategy to optimize infrastructure, deepen brand presence, and streamline operations. Landmark will discontinue operations at their Jeep showroom in Moti Nagar, Delhi, which will have a marginal financial impact due to the location's depreciation. This step aligns with Landmark’s long-term goal to rationalise costs and reinforce its profitable growth journey.
Key Highlights
- Landmark Cars Limited extends its bespoke Citroën arrangement to Delhi with Stellantis Automobiles India Private Limited.
- The new arrangement leverages Landmark’s existing Jeep showroom at Mathura Road and workshop in Okhla for the Citroën car brand.
- Landmark will discontinue operations at their Jeep showroom in Moti Nagar, Delhi, due to depreciation and cost-streamlining strategies.
- This move is part of Landmark’s disciplined strategy of optimizing infrastructure to deliver higher efficiency and growth.
- The step aligns with Landmark’s long-term goal to rationalise costs and reinforce its profitable growth journey.