NSE:LANDMARK management interview: Mercedes, MG, BYD Dives Growth For Landmark Cars | EV Demand Higher Than Expected: Sanjay Thakkar
NDTV Profit, 2026-06-11. Video: https://www.youtube.com/watch?v=enZDtsg9ruE
- EV demand growth: Electric vehicles accounted for 21% of sales in the last quarter, with sales margins matching ICE vehicles and after-sales revenue supported by higher EV accident repair costs.
- Expansion and capex: Landmark Cars has grown to nearly 150 outlets across 13 states and 30 cities, but has concluded its rapid expansion phase to focus on driving outlet profitability and margin improvements.
- Brand portfolio mix: The company distributes 1 in 6 Mercedes-Benz and 1 in 5 BYD vehicles sold in India, with Mercedes-Benz making up 40% of its portfolio and MG and Kia accounting for 20%.
- After-sales contribution: After-sales revenue crossed ₹1,000 crore at an 18% EBITDA margin, now generating two-thirds of total EBITDA compared to 50% in 2022.