Popular Vehicles Reports Mixed Q1 Results Amid Challenging Market Aug 16, 2025
More news about Popular Vehicles & Services
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.