+
Popular Vehicles Posts Rs 55.62 Billion Revenue in FY25
ECONOMY & POLICY

Popular Vehicles Posts Rs 55.62 Billion Revenue in FY25

Popular Vehicles and Services Limited reported total income of Rs 55.62 billion for the financial year ending March 2025, reflecting a 1.5 per cent decline year-on-year. EBITDA stood at Rs 1.75 billion with a margin of 3.2 per cent, down from 5.1 per cent last year. The company reported a pre-tax loss of Rs 89 million and a net loss of Rs 105 million for the year.

New vehicle volumes declined 5.5 per cent to 44,087 units, while service income rose by 3.3 per cent to Rs 8.94 billion. The company also saw marginal growth in pre-owned and electric vehicle segments.

Strategic developments included divesting two subsidiaries for Rs 700 million and expanding Ather and Maruti Suzuki India Limited (MSIL) operations across Maharashtra, Kerala, Tamil Nadu, and Karnataka. Notable milestones include launching India's first gold-category Ather service centre in Thiruvananthapuram and establishing a state-of-the-art MSIL facility in Bengaluru.

Despite a challenging year marked by weak demand and rising costs, Popular Vehicles reaffirmed its focus on electric mobility, service expansion, and premium vehicle growth to drive long-term value.

Source:Popular Vehicles and Services Limited Press Release dated 

Popular Vehicles and Services Limited reported total income of Rs 55.62 billion for the financial year ending March 2025, reflecting a 1.5 per cent decline year-on-year. EBITDA stood at Rs 1.75 billion with a margin of 3.2 per cent, down from 5.1 per cent last year. The company reported a pre-tax loss of Rs 89 million and a net loss of Rs 105 million for the year. New vehicle volumes declined 5.5 per cent to 44,087 units, while service income rose by 3.3 per cent to Rs 8.94 billion. The company also saw marginal growth in pre-owned and electric vehicle segments. Strategic developments included divesting two subsidiaries for Rs 700 million and expanding Ather and Maruti Suzuki India Limited (MSIL) operations across Maharashtra, Kerala, Tamil Nadu, and Karnataka. Notable milestones include launching India's first gold-category Ather service centre in Thiruvananthapuram and establishing a state-of-the-art MSIL facility in Bengaluru. Despite a challenging year marked by weak demand and rising costs, Popular Vehicles reaffirmed its focus on electric mobility, service expansion, and premium vehicle growth to drive long-term value. Source:Popular Vehicles and Services Limited Press Release dated 

Next Story
Real Estate

No glass boxes!

India is moving away from the ‘glass box’ syndrome, all-glass façades that were widely used in commercial buildings in the last two decades but came at a significant environmental cost given the country’s predominantly hot and humid climate. Poor thermal performance, excessive heat gain and dependency on mechanical cooling systems made buildings with glass façades energy guzzlers and significantly increased their carbon footprint.That said, it’s important to be aware that “glass is not the enemy,” points out Heena Bhargava, Architect, Architecture Discipline. “How it ..

Next Story
Infrastructure Transport

Why do pavements fail?

India’s highways continue to expand at a healthy pace. But conversations on the surface quality of highways are growing louder because major deficiencies and black spots continue to be identified, and they are cause for concern.“Road surface roughness causes vehicle vibrations that, in turn, can affect the performance of drivers,” explains Dr V K Gahlot, Road Safety Auditor, Centre for Research and Sustainable Development (CfRSD). “Continuous exposure may induce fatigue, a contributory factor to road accidents. Road surface roughness also affects the vehicle operating cost...

Next Story
Infrastructure Urban

APAC Logistics Rents Fall for First Time Since 2020

Logistics rents across the Asia-Pacific region declined 0.4% year-on-year in H1 2025, marking the first annual drop since 2020, according to Knight Frank’s Logistics Highlights H1 2025 report. Despite global trade tensions and cautious occupier sentiment, India emerged as a standout performer, driven by robust manufacturing momentum and supply chain recalibration.Regional Trends and DivergenceWhile rents largely remained stable across most markets, regional differences became more pronounced:Mainland China continued to see rental declines, though the pace of decline moderated to 12.8% YoY, s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?