Popular Vehicles and Services’ Subsidiary Expands with New Service Center in Maharashtra

Popular Vehicles and Services Limited has announced the inauguration of a new service workshop by its 100% step-down subsidiary, Prabal Motors Pvt. Limited.

Located in North Beed, Maharashtra, this new facility is dedicated to servicing Bharat Benz vehicles and features 4 service bays. The addition of this service centre marks the 10th service facility and the 12th touchpoint for Prabal Motors in Maharashtra, a key region for its operations.

The company stated that Prabal Motors already has a strong presence in Maharashtra and Tamil Nadu, and this new centre reinforces its commitment to expanding its footprint across India. The strategic move aligns with Popular Vehicles and Services Limited’s vision of extending its reach beyond Kerala, where it has traditionally been strong. Leveraging nearly 4 decades of expertise and established relationships with prominent OEMs, the company aims to enhance its service network and drive growth opportunities.

The new workshop is part of an integrated approach to business, designed to increase value for customers and bolster the company’s position as a trusted player in the industry. This expansion not only supports the growing demand for Bharat Benz vehicle services but also solidifies the company’s commitment to excellence and customer satisfaction.

Commenting on the inauguration, the Promoter and MD of Popular Vehicles and Services Limited, Mr Naveen Philip, said, “We are happy to inaugurate one more service centre in the state of Maharashtra. With this, we are expanding the footprint in non-Kerala state by providing seamless service experience for all our Bharat Benz vehicle customers. This would also be a step ahead to support the Company’s strategy to increase its high delta business share. We believe we are taking the right steps to grow our business sustainably.”

About Popular Vehicles & Services Limited (PVSL)

Popular Vehicles and Services is a part of the diversified Kuttukaran Group. The company offers a comprehensive range of services across the automotive retail value chain. This includes sales of new passenger, commercial, and electric two/three-wheelers, vehicle servicing and repairs, spare parts distribution, pre-owned vehicle sales, and facilitation of third-party financial and insurance products.

On August 28, 2024, the share price of Popular Vehicles and Services Ltd opened at ₹237.79, touching the day’s low at ₹230.00, as of 9:38 AM on the NSE.

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