Deals10 Jun 2025, 05:12 pm
Popular Vehicles Receives Letter of Intent from Maruti Suzuki to Establish Pre-Owned Vehicle Outlet in Bangalore
AI Summary
Popular Vehicles and Services Limited has received a Letter of Intent from Maruti Suzuki India Limited to establish a new independent True Value outlet for pre-owned vehicles in Bangalore, Karnataka. The outlet, which will be located at Property No. 20/4, Bilekahalli Village, Begur Hobli, Bannerghatta Road, is expected to start operations by the end of August 2025. This development aligns with Popular Vehicles' strategy of expanding across both new and used vehicle segments and reinforces its commitment to delivering a superior ownership experience built on trust, transparency, and service excellence.
Key Highlights
- Popular Vehicles has received a Letter of Intent from Maruti Suzuki India Limited to establish a new True Value outlet for pre-owned vehicles in Bangalore, Karnataka.
- The outlet will be located at Property No. 20/4, Bilekahalli Village, Begur Hobli, Bannerghatta Road, a prominent and well-connected area in Bangalore.
- The facility will have a capacity of covered display of up to 15 vehicles on-site and is expected to be ready and start operations by the end of August 2025.
- This development represents a strategic move to expand Popular Vehicles' presence in Karnataka and meet the growing demand for reliable, value-for-money mobility solutions in urban markets.
- The new outlet will serve as a key destination for quality-assured pre-owned vehicles and further reinforces Popular Vehicles' broader strategy of expanding across both new and used vehicle segments.