Popular Vehicles & Services surges on opening 3S facility for Maruti Suzuki in Bangalore, Karnatak
Popular Vehicles & Services is currently trading at Rs 101.79, up by 2.11 points or 2.12% from its previous closing of Rs 99.68 on the BSE.
The scrip opened at Rs 98.70 and has touched a high and low of Rs 102.40 and Rs 98.53 respectively. So far 4006 shares were traded on the counter.
The BSE group 'B' stock of face value Rs 2 has touched a 52-week high of Rs 275.00 on 09-Apr-2024 and a 52-week low of Rs 94.10 on 27-Mar-2025.
Last one week high and low of the scrip stood at Rs 104.49 and Rs 95.85 respectively. The current market cap of the company is Rs 718.25 crore.
The promoters holding in the company stood at 61.18%, while Institutions and Non-Institutions held 25.04% and 13.78% respectively.
Popular Vehicles & Services has opened a state-of-the-art 3S facility (Showroom, Service, and Spare Parts) for Maruti Suzuki in Bangalore, Karnataka. This marks the company’s entry into the Karnataka market. Bangalore is a key market for both new and pre-owned cars, driven by its strong economy and increasing demand for passenger vehicles. The company’s collaboration with Maruti Suzuki further expands its footprint in Southern India beyond Kerala and Tamil Nadu, reinforcing its long-term partnership.
Strategically located in Avalahalli, Bangalore, this integrated facility brings together a showroom, workshop, and pre-owned car business under one roof. Spanning 5,000 sq. ft. for the showroom area and 10,000 sq. ft. for the service area with 20 bays, the facility represents a total investment of approximately Rs 9 crore.
Popular Vehicles & Services is engaged in the business of automobile dealerships in India. It provides complete services throughout the life cycle of vehicle ownership, including sales of new and preowned vehicles, servicing, spare parts distribution, driving schools, and third-party financial and insurance product sales.
