Auto Dealer Inaugurated a State-Of-The-Art New 3S Facility Exclusively Offering Bharat Benz Vehicles in Aurangabad
Prabal Motors Pvt Limited has existing operations in the state of Maharashtra and additionally Tamil Nadu in South of India.
Popular Vehicles & Services Limited (NSE: PVSL, BSE: 544144), one of India’s leading fully integrated automotive dealership player has announced that its 100% step down subsidiary Prabal Motors Pvt Limited has inaugurated a state-of-the-art new 3S facility exclusively offering Bharat Benz vehicles around Chhatrapati Sambhaji Nagar (erstwhile Aurangabad) in the state of Maharashtra. Prabal Motors Pvt Limited has existing operations in the state of Maharashtra and additionally Tamil Nadu in South of India.
3S facility will have Sales, Service, Spare parts all under one roof. The facility houses 6 dedicated service bays capacity to service 10 to 12 vehicles in a day. With this milestone we aim to elevate customer experience and support. Following the 3S launch, the company is enhancing its Commercial Vehicle offerings to bolster market presence.
Strategically chosen location near Chhatrapati Sambhaji Nagar enables efficient support / servicing of Bharat Benz vehicles along Dhule – Solapur highway (NH 211). As part of the company’s strategic growth plan, we are expanding into non-Kerala markets leveraging our strong OEM relationships to deliver enhanced value to customers through an integrated business model.
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About Popular Vehicles and Services Limited
Popular Vehicles and Services Limited belongs to the diversified Kuttukaran Group, operating multi-brand automobile dealerships in Kerala, Tamil Nadu and Karnataka for past 70 years and expanded operations into Maharashtra in FY 23. It is one of the leading diversified automotive dealership company in the country with a presence across the automotive retail value chain, including the sale of new passenger, commercial and electric two/three-wheeler vehicles, services and repairs, spare parts distribution, sale of pre-owned passenger vehicles, and facilitation of the sale of third-party financial and insurance products. It operates passenger vehicle dealerships of Maruti Suzuki India Limited, Jaguar Land Rover India Limited, Honda car India, commercial vehicle dealership of Tata Motors and Bharat Benz and Ather Energy and Piaggio in electric vehicle space. The Group launched the Company in 1984 as one among the first batch of Dealers appointed by Maruti Suzuki in India. Over the years, the operations have scaled up across four states.
Their extensive network comprises 62 showrooms, 134 sales outlets and booking offices, 32 pre-owned vehicle showrooms and outlets, 143 authorized service centers, 44 retail outlets, and 26 warehouses & 7 Driving Schools. These facilities span across 14 districts in Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu, and 9 districts in Maharashtra, showcasing their robust presence across significant markets in India. The company has a market cap of over Rs 1,100 crore and has delivered good profit growth of 27.5 per cent CAGR over the last 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.