Popular Vehicles and Services Ltd Approves Acquisition of R.K.S. Motor Private Limited for up to Rs. 93 Crores

Popular Vehicles and Services Ltd, a Keralan-based automobile company, announced at its board meeting on October 8, 2025, the approval of several strategic initiatives. The most significant decision was the acquisition of R.K.S. Motor Private Limited, a Telangana-based automobile dealership, via slump sale on a going concern basis for a lump sum purchase consideration not exceeding Rs. 93,00,00,000. The acquisition is expected to be completed by October 31, 2025, subject to regulatory, statutory, and other approvals. Additionally, the board approved the incorporation of a new step-down subsidiary under Popular Mega Motors (India) Private Limited to set up a spare parts and accessories e-commerce platform and agreed to evaluate opportunities for the addition of another luxury dealership brand.