Popular Vehicles & Services
129.20
-10.20(-7.32%)
Market Cap₹919.88 Cr
PE Ratio-31.53
IndustryAutomobiles
Company Performance:
1D-7.32%
1M-10.71%
6M+7.62%
1Y-18.32%
5Y-53.21%
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More news about Popular Vehicles & Services
28Oct 25
Popular Vehicles & Services to Expand NEXA Network with New Workshop in Kerala
Popular Vehicles & Services Limited plans to establish a new NEXA workshop in Perumbavoor, Kerala. The facility will have 2 service bays and 3 bodyshop bays, with an expected monthly capacity of 500 vehicles. The estimated investment is ₹2.00 crore. This expansion aims to enhance service revenues, improve profitability, and strengthen the company's position as a leading Maruti service partner. The new workshop will complement the existing NEXA Studio in Perumbavoor.
27Oct 25
Popular Vehicles Extends Rs 2.36 Crore Corporate Guarantee for Subsidiary's Bank Loan
Popular Vehicles & Services Limited has issued a corporate guarantee of Rs 2.36 crore to South Indian Bank Limited for a term loan sanctioned to its wholly owned subsidiary, Kuttukaran Cars Private Limited. The transaction was conducted on an arm's length basis, with no involvement from promoters, promoter group members, or directors. The company does not anticipate any significant financial impact from this guarantee beyond disclosure requirements. This action was reported to stock exchanges in compliance with SEBI regulations.
17Oct 25
Popular Vehicles & Services Reports Mixed Q2 FY26 Results with 1% Revenue Growth
Popular Vehicles & Services Ltd reported a 1% year-over-year revenue growth in Q2 FY26, with total vehicle sales up 2%. Luxury car and commercial vehicle segments showed strong growth at 14% and 19% respectively, while passenger vehicle sales (excluding luxury) declined by 11%. The company expanded its network with new showrooms and service centers across multiple locations. It also acquired R.K.S. Motor Private Limited's business, adding 27 Maruti Suzuki touchpoints in Telangana. The company expects positive momentum to continue into Q3, driven by strong festive season performance.
15Oct 25
Popular Vehicles & Services Limited Extends Rs. 5 Crore Corporate Guarantee for Subsidiary
Popular Vehicles & Services Limited is providing a corporate guarantee of Rs. 5.00 crore to Tata Capital Limited for its subsidiary, Popular Mega Motors (India) Private Limited. The guarantee is for renewing a Channel Finance Facility. The transaction is on an arm's length basis, with no immediate financial impact on the company beyond necessary disclosures. This move aims to support the subsidiary's operations and liquidity.
08Oct 25
Popular Vehicles Expands Footprint with ₹93 Crore Acquisition of R.K.S. Motor
Popular Vehicles & Services Limited (PVSL) has approved the acquisition of R.K.S. Motor Private Limited, a Maruti Suzuki dealership in Telangana, for up to ₹93 crores. The acquisition, structured as a slump sale, is expected to be completed by October 31, 2025. R.K.S. Motor has a net worth of ₹37.40 crores and reported a turnover of ₹492.90 crores in FY 2024-25. PVSL also approved the creation of a new subsidiary for an e-commerce platform for spare parts and accessories, and plans to evaluate opportunities for adding another luxury dealership brand.
30Sept 25
Popular Vehicles and Services Ltd Appoints Neeraj Jain as Independent Director
Popular Vehicles & Services has appointed Mr. Neeraj Jain as a Non-Executive Independent Director for a five-year term starting September 29, 2025. Mr. Jain, a Chartered Accountant and Company Secretary with over 30 years of experience in finance and business management, has held leadership roles at Johnson & Johnson and Hindustan Unilever. His appointment, approved by shareholders at the company's 41st AGM, received 99.99% votes in favor. Mr. Jain has been recognized as one of India's most influential CFOs and is expected to strengthen the company's governance and leadership.
24Sept 25
Used Car Prices Decline Slower Than New Cars Post-GST Cuts, Popular Vehicles MD Reports
Popular Vehicles & Services MD Naveen Philip reports that used car prices are declining at 50-60% the rate of new cars following GST reductions. Despite increased new car affordability, significant migration from the used car segment is not expected due to India's low car penetration rate. GST cuts and RBI interest rate reductions are driving growth in the automotive sector. Initial market response shows increased showroom inquiries and higher booking rates, but long-term impact remains to be seen. Popular Vehicles' stock closed at ₹146.50 on NSE, down 1.09%.
01Sept 25
Popular Vehicles & Services Expands Into Telangana With Maruti Suzuki Partnership
Popular Vehicles & Services, a major automotive retail player, has announced its expansion into the Telangana market through a partnership with Maruti Suzuki India Limited. This strategic move aims to strengthen the company's presence in southern India. The expansion leverages the long-standing relationship between Popular Vehicles & Services and Maruti Suzuki, India's largest passenger vehicle manufacturer. This partnership is expected to enhance Popular Vehicles & Services' brand value, increase market reach, and open new revenue streams in Telangana's growing economy.
29Aug 25
Popular Vehicles & Services Expands into Telangana with Maruti Suzuki Partnership
Popular Vehicles & Services Limited is expanding into Telangana through a partnership with Maruti Suzuki India Limited. The company has received approval to acquire an existing authorized dealership network of 19 locations and 27 authorized touchpoints in Telangana. This acquisition includes operational assets such as leasehold improvements, equipment, and a temporary co-branding license. The move aligns with the company's pan-India expansion strategy and is expected to strengthen its market position and service revenues.
26Aug 25
Popular Vehicles and Services Ltd Completes Divestment of Vision Motors
Popular Vehicles & Services Ltd (PVSL) has finalized the divestment of its entire 100% stake in Vision Motors Private Limited (VMPL), a step-down subsidiary, on August 25, 2025. The divestment, approved by PVSL's Board of Directors in February and May 2025, was disclosed to stock exchanges on August 26, 2025, in compliance with SEBI regulations. While financial details were not revealed, this move is likely part of PVSL's strategy to streamline operations and focus on core business areas.
20Aug 25
Popular Vehicles' Subsidiary Prabal Motors Expands BharatBenz Dealership Network in Punjab
Popular Vehicles & Services Limited has acquired BharatBenz dealership operations in Punjab through its subsidiary, Prabal Motors. The ₹12 crore deal includes eight facilities across key cities, making Prabal Motors the exclusive BharatBenz dealer in Punjab. The acquisition, which includes ₹22 crore worth of vehicle inventory, aims to establish Popular Vehicles as a pan-India player in the commercial vehicle sector. Globe CV, the previous operator, reported revenues of about ₹250 crores with 222 employees.
16Aug 25
Popular Vehicles Reports Mixed Q1 Results Amid Challenging Market
Popular Vehicles & Services reported a 1.3% year-on-year increase in total income to Rs. 1,316.00 crores for Q1. Growth was driven by luxury and EV segments, offsetting weaknesses elsewhere. Service revenue grew 4.5% year-on-year. EBITDA stood at Rs. 38.30 crores with margins at 2.9%, down 109 basis points year-on-year. The company reported a loss before tax of Rs. 11.10 crores. Despite challenges, the company is executing growth strategies and implementing cost-control measures. Popular Vehicles maintains a positive long-term outlook on the Indian automotive market.
14Aug 25
Popular Vehicles Reports Q1 Revenue Growth Amid Profitability Challenges
Popular Vehicles & Services reported a 1.36% increase in Q1 consolidated revenue to ₹1,316.00 crore. However, the company faced profitability challenges with EBITDA declining by 26.35% to ₹38.30 crore and a net loss of ₹8.80 crore compared to a profit in the previous year. The EBITDA margin compressed to 2.91% from 4.00%. Total expenses rose by 2.50% to ₹1,277.70 crore. The company operates in multiple automotive retail segments and recently provided a ₹10.00 crore corporate guarantee for a subsidiary's term loan.
18Jul 25
Popular Vehicles Reports 1% Revenue Growth in Q1, Luxury Car Sales Surge 40%
Popular Vehicles & Services Ltd (PVSL) reported a 1% year-on-year revenue growth in Q1. Luxury car sales grew by 40%, commercial vehicles by 4%, while passenger vehicles declined by 7%. Total vehicles sold decreased by 1%. The company secured LOIs for Ather EV facilities in Chennai, a Maruti Suzuki True Value outlet in Bangalore, and eight BharatBenz facilities in Punjab. PVSL and its subsidiaries received multiple awards from JLR, Maruti Suzuki, and Tata Motors. The company anticipates positive momentum heading into the festive season, with strong pre-festive footfalls across segments.
11Jul 25
Popular Vehicles & Services Subsidiary to Establish Ather Facilities in Chennai
Popular Vehicles & Services Limited's subsidiary, Kuttukaran Cars Private Limited, received a Letter of Intent to establish Ather facilities in Chennai. The expansion includes an Experience Centre and a Service Centre with a 5-bay capacity, servicing about 450 vehicles monthly. The company plans to invest Rs 75.00 Lakhs in this project, with operations set to begin in September. This move is part of the company's strategy to grow in the two-wheeler EV ecosystem and strengthen its presence in Tamil Nadu.
10Jul 25
Popular Vehicles & Services Subsidiary to Establish Ather Energy Facilities in Chennai
Popular Vehicles & Services Limited's subsidiary, Kuttukaran Cars Private Limited, received a Letter of Intent to establish Ather Energy facilities in Chennai. The expansion includes an Experience Centre and a Service Centre with warehouse, capable of servicing 450 vehicles monthly. The company plans to invest ₹75.00 lakhs in this venture, aiming to expand beyond Kerala and capitalize on electric mobility opportunities. Operations are set to begin in September.
10Jul 25
Popular Vehicles & Services Subsidiary to Establish Ather Energy Facilities in Chennai
Popular Vehicles & Services Limited's subsidiary, Kuttukaran Cars Private Limited, received a Letter of Intent to establish Ather Energy facilities in Chennai. The expansion includes an Experience Centre and a Service Centre with warehouse, capable of servicing 450 vehicles monthly. The total investment is estimated at Rs 75.00 Lakhs, with operations expected to start by early September. This move is part of the company's strategy to expand beyond Kerala and into the electric mobility market.
17Jun 25
Popular Vehicles & Services to Expand BharatBenz Network in Punjab
Popular Vehicles & Services Ltd. (PVSL) has received approval to establish eight new BharatBenz 3S facilities in Punjab, investing approximately ₹130.00 crore. These comprehensive centers will offer Sales, Service, and Spare Parts, marking a significant expansion in the company's commercial vehicle sector presence. The move aims to strengthen PVSL's position in Punjab's automotive market and enhance its partnership with BharatBenz.
30May 25
Popular Vehicles Narrows Q4 Net Loss Despite Revenue Dip
Popular Vehicles reported a consolidated net loss of ₹137.00 crore in Q4, an improvement from ₹201.00 crore loss in the same quarter last year. However, losses increased sequentially from ₹98.00 crore in the previous quarter. Revenue declined slightly to ₹1,370.00 crore, down 2.14% year-over-year. The company shows progress in reducing annual losses but faces ongoing challenges in the automotive retail sector.
29May 25
Popular Vehicles Reports Q4 Net Loss Improvement Amid Revenue and EBITDA Decline
Popular Vehicles, an automotive retail sector player, released Q4 financial results showing a 2.14% decrease in revenue to ₹13.70 billion. Despite this, the company narrowed its net loss by 31.84% to ₹137.00 million. EBITDA declined 58.85% to ₹258.00 million, with EBITDA margin dropping to 1.88%. The results indicate improved bottom line year-over-year but challenges in revenue and profitability metrics.
23Apr 25
Popular Vehicles and Services Expands Ather Energy Dealerships in Maharashtra
Popular Vehicles and Services Limited's subsidiary, Kuttukaran Cars Private Limited, has received four Letters of Intent to establish Ather Energy 3S facilities in Maharashtra. The expansion includes two facilities in Nagpur, one in Chandrapur, and one in Chhatrapati Sambhaji Nagar. Each facility will feature an Experience Centre, Service Centre, and Warehouse, with operations expected to begin in the second quarter. This move marks the company's entry into a new state with Ather Energy, strengthening its footprint in the electric two-wheeler segment.
17Apr 25
Popular Vehicles and Services Reports Revenue Decline in Q4FY25 and FY25, Luxury Segment Shows Growth
Popular Vehicles and Services Ltd experienced a 3% decline in Q4FY25 revenue and a 1% decrease for FY25. The luxury car segment grew by 25% in Q4 and 30% annually, while other segments faced challenges. Total vehicle sales dropped by 7% in Q4 and 5% for FY25. The company expanded its network, received industry awards, and improved inventory and debt levels.
02Apr 25
Popular Vehicles and Services Expands with New Maruti Suzuki Facility in Bangalore
Popular Vehicles and Services Limited has inaugurated a new ₹9 crore 3S facility for Maruti Suzuki in Bangalore, marking its entry into the Karnataka market. The 5,000 sq. ft. showroom and 10,000 sq. ft. service area with 20 bays is part of the company's growth strategy. This expansion diversifies revenue streams and strengthens the company's partnership with Maruti Suzuki, targeting Bangalore's strong economy and increasing demand for passenger vehicles.
Popular Vehicles & Services
129.20
-10.20
(-7.32%)
1 Year Returns:-18.32%
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