Popular Vehicles and Services Ltd Reports 1% YoY Growth in Q2 FY26 Revenue, Network Expansion, and Awards

Popular Vehicles and Services Ltd has announced its business update for Q2 FY26, reporting a 1% year-over-year growth in total revenue from operations. The luxury car segment grew by 14%, CV segment by 19%, and the rest of the segments grew by 3%. The total number of vehicles sold increased by 2%. The company also expanded its network by adding new touchpoints and acquiring R.K.S. Motor Private Limited's business in Telangana. Popular Mega Motors (India) Pvt Ltd, a subsidiary of the company, received multiple awards from Tata Motors for the South India region for H1 FY26. The company witnessed an improvement in sales volume and revenue compared to Q1, with new vehicle volume sales growing 37% QoQ and total revenue from operations increasing 17% QoQ. The company expects a sharp decline in inventory levels due to strong retail demand and limited new wholesale inflows.