AutoMovers Group Outlines Rs. 5 bn Expansion Plan
ECONOMY & POLICY

AutoMovers Group Outlines Rs. 5 bn Expansion Plan

AutoMovers Group, a multi-brand automotive retail firm, plans to invest Rs. 5 bn over the next three years to expand and streamline its network across key markets. The company said the investment programme began in the first quarter of the current financial year and is intended to address rising customer demand.

The company has already invested Rs. 2 bn and is preparing the next phase of expansion. The programme will focus on strengthening the sales and service network, increasing vehicle availability and expanding manufacturing capacity, with the initial rollout centred on the Lucknow cluster.

AutoMovers Group will allocate Rs. 1.5 bn to capital expenditure, including new workshops and service centres. A further Rs. 1.5 bn will be used to raise inventory to more than 2,000 vehicles, while the remaining Rs. 2 bn will be divided equally between expanding the Lucknow trailer plant and maintaining reserves for working capital and future growth.

Following the Lucknow expansion, the company plans to extend its presence to Kanpur, Varanasi, Gorakhpur and the Noida corridor. It is also expanding its insurance operations across Uttar Pradesh, with Rajasthan, Delhi, Punjab and Bihar identified as additional markets. AutoMovers Group has set a target of Rs. 2 bn in insurance business in FY 2027-28 and aims to increase this to Rs. 10 bn annually by 2030.

The higher inventory level is intended to support quicker vehicle deliveries, while the new infrastructure is expected to increase service capacity to more than 300 vehicles a day. The Lucknow trailer manufacturing facility will be expanded to increase production capacity by 2.5 times.

The investment will also support expansion of the passenger vehicle business through existing and new original equipment manufacturer partnerships, along with the introduction of new trailer product lines. Over the next three to five years, AutoMovers Group aims to build a wider network across Uttar Pradesh and other key markets while strengthening its retail, service and manufacturing operations.

AutoMovers Group, a multi-brand automotive retail firm, plans to invest Rs. 5 bn over the next three years to expand and streamline its network across key markets. The company said the investment programme began in the first quarter of the current financial year and is intended to address rising customer demand. The company has already invested Rs. 2 bn and is preparing the next phase of expansion. The programme will focus on strengthening the sales and service network, increasing vehicle availability and expanding manufacturing capacity, with the initial rollout centred on the Lucknow cluster. AutoMovers Group will allocate Rs. 1.5 bn to capital expenditure, including new workshops and service centres. A further Rs. 1.5 bn will be used to raise inventory to more than 2,000 vehicles, while the remaining Rs. 2 bn will be divided equally between expanding the Lucknow trailer plant and maintaining reserves for working capital and future growth. Following the Lucknow expansion, the company plans to extend its presence to Kanpur, Varanasi, Gorakhpur and the Noida corridor. It is also expanding its insurance operations across Uttar Pradesh, with Rajasthan, Delhi, Punjab and Bihar identified as additional markets. AutoMovers Group has set a target of Rs. 2 bn in insurance business in FY 2027-28 and aims to increase this to Rs. 10 bn annually by 2030. The higher inventory level is intended to support quicker vehicle deliveries, while the new infrastructure is expected to increase service capacity to more than 300 vehicles a day. The Lucknow trailer manufacturing facility will be expanded to increase production capacity by 2.5 times. The investment will also support expansion of the passenger vehicle business through existing and new original equipment manufacturer partnerships, along with the introduction of new trailer product lines. Over the next three to five years, AutoMovers Group aims to build a wider network across Uttar Pradesh and other key markets while strengthening its retail, service and manufacturing operations.

Related Stories

Gold Stories

Next Story
Building Material

From Rough to Refined: How Modern Plastering Is Changing Wall Finishes

When Rohan first walked into his newly constructed home, he imagined what it would become—a warm living room, a bright bedroom, and walls smooth enough to complement his carefully chosen interiors.But there was one problem.The walls didn't look anything like the finished home he had imagined.They were uneven in places, rough to the touch, and covered with visible patches and minor surface imperfections. Rohan initially thought paint would fix everything.His contractor had a different answer.“Before the paint, we need to get the plastering right.”That conversation made Rohan realise somet..

Next Story
Infrastructure Urban

Embraer to Acquire 51 Per Cent Stake in Mahindra Aerospace Arm

Brazilian aerospace major Embraer will acquire a 51 per cent equity stake in Novavayu Aerospace, a step-down subsidiary of Mahindra and Mahindra, under an Investment Agreement notified by the automobile company in an exchange filing. The transaction will give Embraer control of the aerospace business. Following completion of the acquisition, Novavayu Aerospace will cease to be a wholly owned subsidiary and become an associate of Mahindra Defence Systems, which is a step-down wholly owned subsidiary of Mahindra and Mahindra. The agreement is expected to be completed on or before December 1. Mah..

Next Story
Infrastructure Urban

RBI Opens Special Dollar Window for Three State-Run OMCs

The Reserve Bank of India (RBI) has opened a special facility to meet the entire daily US dollar requirements of three public sector oil marketing companies (OMCs), in a move aimed at easing pressure on the Indian rupee. The facility will take effect on October 12, 2026, and remain available until further notice. Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation are eligible to use the arrangement. Under the facility, the RBI will sell US dollars to the three companies through designated banks, allowing them to meet their oil-import payments without sourc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code