Popular Vehicles and Services Limited — Important, 18-07-2025: General Updates

Popular Vehicles saw ~1% revenue growth in the latest quarter, driven by strong ~40% growth in luxury cars and ~15% in EV/spare parts, while total vehicle sales dipped ~1%. The company is significantly expanding, securing Letters of Intent for Ather facilities in Chennai, a Maruti Suzuki True Value outlet in Bangalore, and eight BharatBenz 3S facilities in Punjab, with operations commencing soon. Demand for luxury and 2-wheeler EV segments remains robust. Encouraging pre-festive footfalls are noted, and the company is strategically increasing inventory for the upcoming festive season. Awards reflect strong operational performance.