Popular Vehicles sees modest revenue growth, strategic expansion in Q2FY26

Popular Vehicles and Services reported a 1% increase in total revenue from operations for Q2FY26 compared to Q2FY25, with total vehicles sold growing by 2%. Luxury car and commercial vehicle segments were strong performers, increasing by 14% and 19% respectively, while the passenger vehicle segment (excluding luxury) saw an 11% decline. Other segments, including EV and spare parts distribution, grew by 3%.

For H1FY26, total revenue from operations also grew by 1% over H1FY25, with luxury car sales up 25% and the commercial vehicle segment up 11%. Passenger vehicle sales, however, declined between August 17th and September 17th, despite strong Onam bookings, due to GST-related announcements causing purchase delays.

The company completed the acquisition of R.K.S. Motor Private Limited, adding 27 Maruti Suzuki touchpoints in Telangana. It also expanded its network by opening new Nexa showrooms, Tata Motors CV service centres, spare parts retail outlets, Bharat Benz 3S facilities, and Ather 2S touchpoints across various states. Popular Mega Motors (India) Pvt Ltd received multiple awards from Tata Motors for its performance in H1 FY26.