Popular Vehicles and Services Limited has informed the Exchange regarding a press release dated April 01, 2026, titled "100% subsidiary, Popular Autoworks Pvt Ltd commence operations of state-of-the-art JLR 3S Facility in Nagpur, Maharashtra".
PVSL · price
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Popular Vehicles and Services Limited's wholly owned subsidiary, Popular Autoworks Pvt Ltd, has started operations at a new 3S facility (Showroom, Workshop, and Pre-owned Car Section) for Jaguar Land Rover vehicles in Nagpur, Maharashtra. The facility, located at MIDC Hingna Road, features 8 service bays with capacity to service about 50 vehicles per month. The total investment in this facility is approximately ₹15 crore. This marks PVSL's expansion into Maharashtra, strengthening its presence beyond southern India and deepening its partnership with JLR. The company already operates JLR facilities in Karnataka and has also expanded into Audi dealerships in Telangana and Andhra Pradesh.
This expansion into a new geographic region with a luxury brand like JLR could boost revenue streams, though the near-term impact on profitability remains to be seen given the initial setup costs. The ₹15 crore investment signals confidence in the luxury vehicle market in central India.