Popular Vehicles and Services Limited
Incorporated in 1983, Popular Vehicles and Services Limited is engaged in the business of automobile dealerships in India.
What Popular files
- Others103
- Investor Meet48
- Important30
- Updates28
- Board Meeting11
- Credit Ratings8
Popular Vehicles and Services' promoter group, Kuttukaran Homes LLP, acquired 9,490 equity shares via open market. This increases their total holding from 0.17% to 0.19%, signaling enhanced confidence in the company's prospects.
Popular Vehicles' promoter group, Kuttukaran Homes LLP, acquired 41,000 equity shares via open market transactions. This stake increase was valued at approximately 0.39 Cr, raising their total holding to 1,26,446 shares, representing 0.17%.
Popular Vehicles' subsidiary is closing its JCB India distributorship (sales/service) due to lower margins and viability challenges. This impacts Rs. 23.50 Cr revenue (0.42% of total) and negligible net worth.
Popular Vehicles reported robust Q3 growth, with revenue up 40% and new vehicle sales volumes up 50%. Strategic expansion includes new Tata CV and Ather outlets, plus acquiring five Audi dealerships to boost its luxury footprint. Inventory days improved, though debt rose due to expansion.
Popular Vehicles' subsidiary, Imperion Cars, acquired Audi dealership assets from Olympus Motors for ₹9.75 Cr. This expands their luxury segment, adding 5 Audi dealerships in Telangana & Andhra Pradesh with an estimated annual revenue of ₹120-150 Cr.