Popular Vehicles and Services Limited (PVSL) has announced a major strategic move to strengthen its presence in India’s automobile retail network. The company’s Board of Directors, in its meeting held on October 8, 2025, approved the acquisition of the business of R.K.S. Motor Private Limited through a slump sale on a going-concern basis for a total consideration of up to ₹93 crore.
As per the company’s regulatory filing with BSE and NSE, the acquisition will enable Popular Vehicles to expand into a new market — the state of Telangana — where R.K.S. Motor operates as an authorized dealer of Maruti Suzuki India Limited (MSIL). The proposed transaction is expected to be completed on or before October 31, 2025, subject to the fulfilment of conditions mentioned in the agreement.
R.K.S. Motor Private Limited reported a turnover of ₹492.90 crore and a net worth of ₹37.40 crore. The acquisition will be funded through cash consideration, and no government or regulatory approvals are required for the deal.
In addition to this acquisition, the Board also approved:
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The incorporation of a new step-down subsidiary under Popular Mega Motors (India) Pvt. Ltd. to establish a spare parts and accessories e-commerce platform, and
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The evaluation of opportunities to add another luxury dealership brand under its portfolio.
This expansion aligns with Popular Vehicles’ long-term growth strategy of broadening its footprint across India and strengthening its position in the automobile dealership and mobility solutions sector.
