Popular Vehicles expands with acquisition, new e-commerce venture

Popular Vehicles and Services' board of directors, meeting on October 8, 2025, approved the acquisition of R.K.S. Motor Private Limited for a lump sum consideration not exceeding INR 93,00,00,000. This expansion via a slump sale will see the addition of R.K.S. Motor, a Maruti Suzuki India Limited dealer in Telangana, to the company’s operations. The target entity reported a turnover of INR 492.90 Crores and a net worth of INR 37.40 Crores for the financial year 2024-25.

Additionally, the board approved the incorporation of a new step-down subsidiary under Popular Mega Motors (India) Private Limited. This subsidiary will focus on establishing a spare parts and accessories e-commerce platform. The company also intends to evaluate opportunities for a new luxury dealership brand.

No governmental or regulatory approvals are required for the R.K.S. Motor acquisition, which is expected to be completed by October 31, 2025. This strategic decision aims to expand the company into new states and diversify its business lines.