Deals10 Jul 2025, 05:11 pm
Popular Vehicles' Subsidiary Receives LOI for Setting up Ather Facilities in Chennai
AI Summary
Popular Vehicles & Services Limited, a leading automotive dealership player in India, has announced that its 100% step down subsidiary, Kuttukaran Cars Pvt Ltd, has received a Letter of Intent (LOI) for setting up Ather facilities in Chennai, Tamil Nadu. The facilities, which will include an Experience Centre, Service Centre, and warehouse, are expected to commence operations by the first week of September 2025. The total investment for setting up these facilities is estimated at around Rs 75 Lakhs. This development reflects Popular Vehicles' continued focus on expanding its geographic footprint and tapping into emerging opportunities in the electric mobility space.
Key Highlights
- Popular Vehicles' subsidiary, Kuttukaran Cars Pvt Ltd, has received a Letter of Intent (LOI) for setting up Ather facilities in Chennai, Tamil Nadu.
- The facilities will include an Experience Centre, Service Centre, and warehouse.
- The Service Centre will initially feature 5 bays, with capacity to service approximately 450 vehicles per month.
- Operations are expected to commence by the first week of September 2025.
- Total investment for setting up these facilities is estimated at around Rs 75 Lakhs.