Popular Vehicles and Services Ltd Reports Q1 FY26 Business Update: Revenue Growth, Network Expansion, and Awards

Popular Vehicles and Services Ltd has released its business update for Q1 FY26, highlighting various aspects of its performance and future plans. The total revenue from operations grew by approximately 1% compared to Q1 FY25, with the luxury car segment growing by 40%, commercial vehicles (CV) segment growing by 4%, and the passenger vehicle (PV) segment (excluding luxury segment) decreasing by 7%. The company secured a Letter of Intent (LOI) from Maruti Suzuki to establish a new independent True Value outlet for pre-owned vehicles in Bangalore, Karnataka, and to establish eight state-of-the-art 3S facilities for BharatBenz in Punjab. Popular Autoworks Pvt Ltd, the company's wholly owned subsidiary, received the All-India 1** Runner-Up Award for 'Retail of the Year 2024-25' by JLR, and Popular Mega Motors (India) Pvt Ltd received multiple accolades from Tata Motors. The company is witnessing encouraging trends across segments, with demand in the luxury segment continuing to rise and pre-festive footfalls being robust.