Popular Vehicles & Services Ltd Share Price – NSE  / BSE

Retail, Small Cap

With this development, the company will enter the Punjab market as the exclusive dealer for BharatBenz across the entire state. The move marks a strategic expansion of Popular Vehicles' footprint in North India, building its strong foothold in Maharashtra and Tamil Nadu, and further strengthening its relationship with the BharatBenz brand.

The eight integrated facilities will be strategically located across the state and will include showrooms, bodyshops, spare parts distribution centers, and pre-owned vehicle operations ? all under one roof. The project will feature a total of 32 service bays and involves a cumulative investment of around Rs 13 crore, the company said in a regulatory filing.

Naveen Philip, promoter and MD of Popular Vehicles and Services, said, ?We are delighted to announce our entry into the northern market in the state of Punjab through our partnership with Bharat Benz, marking another significant milestone in our growth journey. This expansion extends our presence beyond the western and southern regions, establishing footprint for our commercial vehicle segment across India.

To begin with, we will be setting up 8 integrated 3S facilities for Bharat Benz across the state. With this development, Punjab becomes the third key state in our BharatBenz dealership network, following Tamil Nadu and Maharashtra. This move is a part of our broader strategy to diversify beyond Kerala & grow our presence in new geographies.

We are confident that Punjab?with its vibrant economy and growing demand for commercial transportation?offers strong potential, and we remain committed to delivering best-in-class mobility solutions while deepening our relationship with Daimler India Commercial Vehicles.?

Popular Vehicles and Services is the one of the largest authorised dealerships for Maruti Suzuki India (MSIL) vehicles in India. Its subsidiaries and step down subsidiaries are in the dealership business of Honda Cars India, Jaguar Land Rover India, Tata Motors (Commercial Vehicles) and Daimler India Commercial Vehicles (Bharat Benz) among others.

The company reported a consolidated net loss of Rs 13.72 crore in Q4 FY25, compared to a net loss of Rs 20.11 crore in Q4 FY24. Revenue from operations rose marginally to Rs 1,372.36 crore in Q4 FY25, up from Rs 1,363.71 crore in the corresponding quarter of the previous fiscal year.

The counter shed 0.77% to Rs 122 on the BSE.

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Shares of Maruti Suzuki India shed 0.31% to Rs 12,481 on the BSE.

The upcoming outlet will be located at Property No. 20/4, Bilekahalli Village, Begur Hobli, Bannerghatta Road, a prominent and well-connected area in Bangalore. This development represents a strategic move to expand our presence in Karnataka and also meet the growing demand for reliable, value-for-money mobility solutions in urban markets.

Spanning approximately 6,000 sq. ft., the new facility will have the capacity of covered display of up to 15 vehicles on-site. The facility is expected to be ready and start operations by the end of August 2025.

Naveen Philip, Promoter and MD, Popular Vehicles and Services said, ?We are excited to expand our relationship with Maruti Suzuki through the upcoming launch of a True Value outlet in Bangalore. This development complements our existing 3S Arena facility in the city and reflects our strong belief in the growth potential of Bangalore?s pre-owned car market. As one of India?s most vibrant automotive hubs, Bangalore presents a significant opportunity in the certified used car space.

This outlet will serve as a key destination for quality-assured preowned vehicles and further reinforces our broader strategy of expanding across both new and used vehicle segments. We remain committed to delivering a superior ownership experience built on trust, transparency, and service excellence.?

Popular Vehicles and Services is in the business of sale and service of automobiles, spare parts, finance and insurance commission.

Maruti Suzuki India is engaged in the manufacture, purchase, and sale of motor vehicles, components, and spare parts (automobiles).

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Securities in F&O Ban:

Aditya Birla Fashion & Retail (ABFRL), Indian Renewable Energy Development Agency (IREDA), RBL Bank, Hindustan Copper and Chambal Fertilisers & Chemicals shares are banned from F&O trading on 11 June 2025.

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Popular Vehicles and Services received a Letters of Intent (LOI) from Maruti Suzuki India to establish a new independent true value outlet for pre-owned vehicles in Bangalore, Karnataka.

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Net loss of Popular Vehicles & Services reported to Rs 13.72 crore in the quarter ended March 2025 as against net profit of Rs 20.11 crore during the previous quarter ended March 2024. Sales rose 0.63% to Rs 1372.36 crore in the quarter ended March 2025 as against Rs 1363.71 crore during the previous quarter ended March 2024.

For the full year,net loss reported to Rs 10.46 crore in the year ended March 2025 as against net profit of Rs 76.08 crore during the previous year ended March 2024. Sales declined 1.32% to Rs 5541.23 crore in the year ended March 2025 as against Rs 5615.53 crore during the previous year ended March 2024.

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