Popular vehicles & services Limited has announced the commencement of operations at its new Jaguar Land Rover (JLR) 3S facility in Nagpur, Maharashtra, through its wholly owned subsidiary Popular Autoworks Pvt Ltd. The facility became operational on April 1st, 2026, marking a significant expansion in the company's luxury automotive segment presence.

Facility Specifications and Investment

The state-of-the-art facility is strategically located at MIDC, Hingna Road, Nagpur, and represents a comprehensive automotive service center integrating multiple functions under one roof. The company has made a substantial investment in establishing this premium facility.

Strategic Market Expansion

This launch represents Popular Vehicles and Services Limited's continued expansion beyond its traditional southern India stronghold. The Nagpur facility strengthens the company's partnership with JLR and extends premium automotive services to the Vidarbha region and surrounding areas. Nagpur's position as a major commercial and logistics hub in central India makes it a strategic location for capturing growing demand for luxury vehicles.

The expansion aligns with PVSL's broader strategy following recent growth in the luxury segment with Audi dealerships in Telangana and Andhra Pradesh. This move reinforces the company's commitment to expanding its luxury segment footprint across key urban and emerging markets.

Service Offerings and Customer Experience

The Nagpur facility will provide comprehensive JLR services to customers across the region. The integrated approach ensures seamless ownership experience through multiple touchpoints.

Key Services Include:

• Complete range of JLR products
• Genuine parts and accessories
• Comprehensive after-sales services
• Pre-owned vehicle sales and services
• Premium showroom experience

Management Commentary

Mr. Naveen Philip, Promoter and MD of Popular Vehicles and Services Limited, emphasized the strategic importance of the Nagpur launch. He highlighted the city's significance as a growing center of commerce and connectivity in central India, noting that the facility meets the highest standards of sales, service, and customer care.

The management expressed confidence in the team at Popular Autoworks being fully equipped to deliver exceptional experiences to JLR customers across the Vidarbha region, reinforcing their commitment to investing in world-class facilities, talent, and technology.

Company Background

Popular Vehicles and Services Limited operates as part of the diversified Kuttukaran Group, with over 70 years of experience in multi-brand automobile dealerships. The company has expanded its presence across seven states, operating an extensive network of 56 showrooms, 147 sales outlets and booking offices, 33 pre-owned vehicle showrooms and outlets, 168 authorized service centers, 51 retail outlets, 25 warehouses, and 10 driving schools.

Popular Vehicles & Services Ltd has announced that its promoter group entity, Kuttukaran Homes LLP, has acquired an additional 9,490 equity shares through multiple open market transactions. The latest acquisitions were completed on March 30, 2026, representing a continued expansion of the promoter group's shareholding in the automotive services company.

Latest Transaction Details

The recent share acquisitions were executed through two separate transactions with a combined value of ₹8,62,608. The first transaction involved the purchase of 8,990 equity shares valued at ₹8,17,467 on the NSE, while the second transaction comprised 500 equity shares worth ₹45,141 on the BSE. Both transactions were conducted through open market purchases on March 30, 2026.

Progressive Shareholding Pattern

The promoter group entity has been systematically increasing its stake in Popular Vehicles & Services Ltd through multiple acquisitions. Prior to the latest transactions, Kuttukaran Homes LLP held 1,26,446 equity shares representing 0.17% of the total voting capital. Following the completion of both recent transactions, the promoter group entity now holds 1,35,936 equity shares, representing 0.19% of the total voting capital.

Regulatory Compliance and Disclosures

The disclosures were made in compliance with Regulation 29 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 2011 and Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations 2015. Popular Vehicles & Services Ltd maintains a total equity share capital of 7,11,98,198 equity shares of ₹2 each, aggregating to ₹14,23,96,396.

Entity and Company Information

Kuttukaran Homes LLP, the acquiring entity, is based at Kuttukaran Centre, Mamangalam, Cochin, and is represented by Naveen Philip as the Designated Partner (DPIN: 00018827). Popular Vehicles & Services Ltd operates from the same location and is engaged in automotive services with operations across Kerala, Tamil Nadu, Karnataka, and Telangana. The company received the disclosure from Kuttukaran Homes LLP on March 31, 2026, and subsequently informed the stock exchanges the same day.