The Indian private vehicle market is estimated to have expanded at a combined annual rate of around 7% since the fiscal year 2016, primarily due to demand growth is driven by improved affordability and the launch of new vehicles models.<\/p>\n\n\n\n
Sales of private vehicles are expected to grow at 8-10% annually, from approximately 2.7 million units in fiscal 2021 to about 4.2 million units in 2026.<\/p>\n\n\n\n
Landmark Cars Ltd recently filed a preliminary prospectus with capital markets regulator SEBI to raise \u20b9762 crores through an initial public offering. The public issue consists of a fresh issue of equity shares aggregating up to \u20b9150 crores and an offer for sale of shares worth \u20b9612 crores. The IPO also offers reservations for subscriptions by eligible employees of the company.<\/p>\n\n\n\n
The management plans to use around $120 crores from the net proceeds for repayment or prepayment of loans availed by the company and its subsidiaries. The remaining amount will be used for general corporate purposes.<\/p>\n\n\n\n
Landmark Cars is a leading retailer of premium automobiles in India, mainly dealing in popular brands like Mercedes-Benz, Honda, Jeep, Volkswagen and Renault. The company is also a dealer for commercial vehicle brand Ashok Leyland.<\/p>\n\n\n\n
The Ahmedabad, Gujarat-based company has a presence across the automotive retail value chain, including sales of new vehicles, after-sales service, sales of pre-owned passenger vehicles and facilitation of sales of third-party finance and insurance products.<\/p>\n\n\n\n
In fiscal 2021, Landmark Cars dealerships sold 1,133 vehicles of the Mercedes brand and more than 4,000 units of Honda and Renault. Overall, the company has sold over 1.3 lakh cars across all the brands it caters to.<\/p>\n\n\n\n
Recently, the company entered into a partnership with global EV giant BYD to sell its MP6 electric vehicles, starting in Mumbai and Delhi-NCR.<\/p>\n\n\n\n
Landmark Cars reported revenues of \u20b91,966.3 crores for the quarter ended in March 2021, compared to \u20b92,228.9 crores in the same period of the previous year. The company had a profit of \u20b912.4 crores, against a loss of \u20b928.9 crores in the prior-year quarter.<\/p>\n\n\n\n
Automobile retailing is a highly competitive business, and Landmark\u2019s rivals include private and public companies having better resources. The company also faces competition from the unorganized sector, mainly unauthorized service centres that offer repair\/maintenance services at lower prices. Internet-based vehicle dealers and new-age disruptive businesses also pose a challenge to the company.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Indian private vehicle market is estimated to have expanded at a combined annual rate of around 7% since the fiscal year 2016, primarily due to demand growth is driven by improved affordability and the launch of new vehicles models. Sales of private vehicles are expected to grow at 8-10% annually, from approximately 2.7 million […]<\/p>\n","protected":false},"author":1738,"featured_media":124093,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[5748,12,10444,85],"tags":[80,8183,8248],"class_list":["post-128063","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo","category-other-industries","category-others","category-retail-stocks","tag-automobile","tag-automotive-retail","tag-ipo"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":128275,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-ethos-files-papers-for-an-initial-public-offering\/","url_meta":{"origin":128063,"position":0},"title":"IPO Alert: Ethos files papers for an initial public offering","author":"Nishad","date":"March 15, 2022","format":false,"excerpt":"The watch market in India was valued at \u20b913,500 crores in fiscal 2020. It is expected to grow at a compound annual rate of 10.6% and reach \u20b922,300 crores by fiscal 2025. Currently, the share of the organized sector in the overall watch market is around 65%, and the unorganized\u2026","rel":"","context":"In "Consumer"","block_context":{"text":"Consumer","link":"https:\/\/alphastreet.com\/india\/category\/consumer-stocks\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":128083,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-sanathan-textiles-files-for-%e2%82%b91300-crore-initial-public-offering\/","url_meta":{"origin":128063,"position":1},"title":"IPO Alert: Sanathan Textiles files for \u20b91,300-crore initial public offering","author":"Nishad","date":"March 2, 2022","format":false,"excerpt":"The textile sector in India plays an important role in the country\u2019s economic activity. Together, the textile, leather and apparel industries contributed around 13% to the gross value added in fiscal 2020. The global textile industry is estimated to have reached $978 billion in fiscal 2021 and is expected to\u2026","rel":"","context":"In "Industrials"","block_context":{"text":"Industrials","link":"https:\/\/alphastreet.com\/india\/category\/industrials\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126147,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-droom-technology-files-papers-with-market-regulator-for-a-public-listing\/","url_meta":{"origin":128063,"position":2},"title":"IPO Alert: Droom Technology files papers with market regulator for a public listing","author":"Nishad","date":"December 15, 2021","format":false,"excerpt":"The automotive industry in India contributes 7.1% to the GDP, which is expected to increase to about 12% by 2026. The country\u2019s automobile market is seen growing at a compound annual rate of 17.3% and reach \u20b936,72,500 crores by 2026. India was the 5th largest car market in the world\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":126358,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-bharat-fih-limited-files-paper-for-a-public-listing\/","url_meta":{"origin":128063,"position":3},"title":"IPO Alert: Bharat FIH Limited files paper for a public listing","author":"Nishad","date":"January 18, 2022","format":false,"excerpt":"The electronics industry, one of the fastest-growing businesses in India, is projected to grow at a compound annual rate of 25.5% and reach \u20b920,873 billion by 2026. The industry, which includes domestic manufacturing of electronic products and imports of finished goods, was valued at \u20b96,711 billion at the end of\u2026","rel":"","context":"In "IPO"","block_context":{"text":"IPO","link":"https:\/\/alphastreet.com\/india\/category\/ipo\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/07\/iStock-649278704.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":124396,"url":"https:\/\/alphastreet.com\/india\/ipo-alert-star-health-files-dhrp-to-raise-funds-via-ipo\/","url_meta":{"origin":128063,"position":4},"title":"IPO Alert: Star Health files DHRP to raise funds via IPO","author":"Nishadkishore","date":"July 23, 2021","format":false,"excerpt":"The health insurance industry in India is the fastest-growing segment in the non-life insurance segment, registering a CAGR of 23% over the past 10 years. 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