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India's Landmark Cars gains as JSW MG Motor approves another showroom

BUZZ-India's Landmark Cars gains as JSW MG Motor approves another showroom

** Shares of India's Landmark Cars LANM.NS rise 4.8% to 537.40 rupees

** Luxury and premium auto dealer says it received a letter of intent from JSW MG Motor India on July 25 to open a new MG Experia showroom in India's Ahmedabad city in Gujarat state, through Landmark's unit Aeromark Cars

** Adds new showroom will be co's 17th MG Motor outlet and second MG sales outlet in Ahmedabad

** Co says expansion is in line with its strategy to deepen presence across brands and geographies

** Stock up 13.8% YTD



(Reporting by Payel Das in Bengaluru)

((Payel.das@thomsonreuters.com))

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