New Launch8 Aug 2025, 06:12 pm
PVSL Ventures into Karnataka with Ather: To Launch Two Facilities in Bangalore
AI Summary
Popular Vehicles & Services Limited (PVSL), a leading fully integrated automotive dealership player, announced that its subsidiary, Kuttukaran Cars Pvt. Ltd., has received two Letters of Intent (LOIs) for setting up Ather facilities in Bangalore. This expansion signifies PVSL's entry into a new state with Ather, with the facilities spread across two locations and expected to commence operations by September. The total investment for setting up these facilities is estimated at around Rs 1.2 Crores.
Key Highlights
- PVSL's subsidiary, Kuttukaran Cars Pvt. Ltd., has received two LOIs for setting up Ather facilities in Bangalore.
- This expansion signifies PVSL's entry into the new state of Karnataka with Ather.
- The facilities will be spread across two locations and expected to commence operations by September.
- The total investment for setting up these facilities is estimated at around Rs 1.2 Crores.
- This strategic move not only enhances Ather’s footprint but also aligns with PVSL’s broader goal of tapping into high-potential markets and diversifying their geographic revenue mix.