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Popular Vehicles gets nod to establish NEXA workshop in Kerala

03 Dec 2024 Evaluate

Popular Vehicles & Services has received in-principal approval from NEXA for establishing a NEXA Workshop at an upcountry location in Kanjirappally, Kottayam District, Kerala. The company has also entered into Letter of Intent (LoI) for the workshop which will feature 4 service bays and 5 body shop bays, providing customers with a comprehensive and state-of-the-art service experience. This new facility will complement the existing NEXA Studio at Kanjirappally.

The addition of this new workshop will improve its service capabilities, helping it to achieve a higher Service-to-Sales ratio compared to industry peers & maintain its leadership position as a Maruti service provider across India, driving increased margins and contributing to its bottom-line growth.

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.

Popular Vehicles Share Price

102.55 -1.45 (-1.39%)
23-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Popular Vehicles 102.55
Competent Auto 363.45
Landmark Cars 416.75
CarTrade Tech 1688.70
Resourceful Auto. 41.02
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