Popular Vehicles reports loss despite revenue growth

Popular Vehicles and Services Limited reported a Q1 FY26 loss of INR8.8 crores despite 2% revenue growth, though losses were reduced from Q4 FY25 through cost control measures.

New vehicle sales declined 1.5% year-on-year to 9,532 units, but average selling prices rose 1.6% to INR977,000. Pre-owned vehicle sales grew 4.2% to 2,575 units.

The company is expanding its network with new Bharat Benz facilities in Punjab and Ather outlets in Chennai and Maharashtra. It aims to double turnover to INR11,000 crores within 3-4 years.