Popular Vehicles & Services Ltd Share Price – NSE  / BSE

Retail, Small Cap

Popular Vehicles & Services announced that Imperion Cars  (a 100% subsidiary of our wholly-owned subsidiary - Popular Mega Motors (India)) has received three Letter of Intent (LOIs) from AUDI India for retail operations across Telangana and Andhra Pradesh.

The LOIs enables the company to take over the business of existing AUDI dealer in these states. This marks the commencement of a new dealer relationship with AUDI, the premium luxury automobile brand. Under this association, PVSL will represent AUDI through its facilities in Hyderabad (Telangana), Visakhapatnam and Vijayawada (Andhra Pradesh), providing access to AUDI's range of luxury vehicles along with comprehensive sales and after-sales services in line with the brand's global standards.

This development represents an important milestone in the company's growth strategy and a strategic expansion of its luxury portfolio, building on its existing presence through Jaguar Land Rover.

The Company will establish a total of 5 AUDI touchpoints, comprising a showroom and service centre in Hyderabad, a showroom and service centre in Visakhapatnam, and a service centre in Vijayawada.

The Hyderabad facility further reinforces the company's recent expansion in the state of Telangana, while the establishments in Visakhapatnam and Vijayawada mark the company's entry into the state of Andhra Pradesh. The company will have an exclusive AUDI presence in both Visakhapatnam and Vijayawada, strengthening its position in these key, high-growth markets.

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Net profit of Popular Vehicles & Services declined 92.47% to Rs 0.57 crore in the quarter ended September 2025 as against Rs 7.57 crore during the previous quarter ended September 2024. Sales rose 1.17% to Rs 1530.38 crore in the quarter ended September 2025 as against Rs 1512.75 crore during the previous quarter ended September 2024.

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Popular Vehicles & Services will hold a meeting of the Board of Directors of the Company on 10 November 2025.

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Popular Vehicles & Services announced that the Annual General Meeting(AGM) of the company will be held on 29 September 2025.

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