Popular Vehicles & services has received approval to acquire the business of R.K.S. Motor, via slump sale on going concern basis at a lump sum purchase consideration not exceeding Rs 93 crore. The acquisition is expected to be completed on or before October 31, 2025.
Further, the company has also received approval for incorporation of a new step-down subsidiary under the company’s wholly owned subsidiary, Popular Mega Motors (India), to set up spare parts and accessories e-commerce platform.
The Board of Directors of the company at its meeting held on October 8, 2025, has approved the same.
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.
| Company Name | CMP |
|---|---|
| Popular Vehicles | 99.61 |
| Competent Auto | 379.35 |
| Landmark Cars | 435.80 |
| CarTrade Tech | 1811.10 |
| Resourceful Auto. | 35.12 |
| View more.. | |
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