Popular Vehicles and Services Limited — Updates, 29-05-2025: Press Release

Popular Vehicles & Services saw total income dip 1.5% to ₹5,561.6 Cr, with EBITDA margin shrinking to 3.2% and a PAT loss of ₹10.5 Cr due to increased discounting amid weak demand. New vehicle volumes dropped 5.5%, though average selling prices rose 2.9%. The company is selling two subsidiaries for ₹70 Cr to sharpen focus and plans ₹54.6 Cr capex for expanding its network. It’s strengthening EV presence in Maharashtra and Kerala, and entering Karnataka with a new MSIL 3S facility, signaling growth bets despite tough market conditions.