Popular Vehicles & Services’ 100% subsidiary--Kuttukaran Cars has received two Letters of Intent (LoIs) for setting up Ather facilities in Bangalore. This expansion signifies the company’s entry into a new state with Ather. Karnataka will be the fourth state in this growing network. The facilities will be spread across two locations--one dedicated to an Experience Centre, and the other accommodating the Experience Centre, Service Centre, and warehouse.
The service centre will feature 5 bays, with the capacity to service around 550 vehicles per month. Operations are expected to commence by the second week of September this year. The total investment for setting up these facilities is estimated at around Rs 1.2 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.
