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Popular Vehicles & Services’ arm gets three LoIs from AUDI India

24 Dec 2025 Evaluate

Popular Vehicles & Services’ (PVSL) step down subsidiary -- Imperion Cars has received three Letters of Intent (LoIs) from AUDI India for retail operations across Telangana and Andhra Pradesh.
The LOIs enables the company to take over the business of existing AUDI dealer in these states. This marks the commencement of a new dealer relationship with AUDI, the premium luxury automobile brand. Under this association, PVSL will represent AUDI through its facilities in Hyderabad (Telangana), Visakhapatnam and Vijayawada (Andhra Pradesh), providing access to AUDI’s range of luxury vehicles along with comprehensive sales and after-sales services in line with the brand’s global standards.

This development represents an important milestone in the company’s growth strategy and a strategic expansion of its luxury portfolio, building on its existing presence through Jaguar Land Rover. The Company will establish a total of 5 AUDI touchpoints, comprising a showroom and service centre in Hyderabad, a showroom and service centre in Visakhapatnam, and a service centre in Vijayawada. The Hyderabad facility further reinforces the company’s recent expansion in the state of Telangana, while the establishments in Visakhapatnam and Vijayawada mark the company’s entry into the state of Andhra Pradesh. The company will have an exclusive AUDI presence in both Visakhapatnam and Vijayawada, strengthening its position in these key, high-growth markets.

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

97.95 0.95 (0.98%)

10-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
Popular Vehicles	97.95
Competent Auto	356.95
Landmark Cars	424.55
CarTrade Tech	1838.50
Resourceful Auto.	35.51
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Popular Vehicles & Services’ arm gets three LoIs from AUDI India

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