Landmark Cars has reported strong performance in the second quarter due to improved realizations in a challenging auto industry.

The company, a major player in the premium and luxury car segment in India, stated that October was a record month for the car industry, with retail sales of 484,000 passenger cars, a 32% increase compared to the previous year.

Despite facing pressures from discounting and ramp-up costs, Landmark Cars remains optimistic about its growth trajectory.

The company expects sustained momentum from strong festive demand and plans to expand its operations by partnering with new original equipment manufacturers (OEMs).

The after-sales service segment is also experiencing significant growth, contributing to higher margins.

While valuations are considered high, the medium-term outlook is positive due to factors such as protectionist measures for the tire industry and potential benefits from the China Plus strategy.

Landmark Cars is currently valued at ₹2,636 crore, with a market price of ₹638, and is rated as "Over-weight" by analysts.