More Stories

Informist, Monday, Jan. 19, 2026

--Popular Vehicles: Q3 sales from ops up 40% YoY; Apr-Dec sales up 14% YoY 

--Popular Vehicles: Oct-Dec new vehicle sales volume up 50% on year 

--Popular Vehicles: Q3 inventory days reduced to 37 days from 44 days yr ago 

MUMBAI – Popular Vehicles and Services Ltd. Monday said its consolidated revenue from operations in the December quarter is expected to rise 40% year on year, translating to INR 19.11 billion. This will be a sharp improvement from the company's mere 1% growth in consolidated revenue in the first half of the financial year.

The sharp revenue growth is driven by nearly 35% year-on-year growth in revenue from its largest business, affordable passenger vehicles. "The PV segment's performance improved in Q3 (Oct-Dec) and, with rising demand and capacity expansion, volume growth is expected to continue," the company said in a filing. 

Its new-vehicle sales volume was 50% higher during the December quarter compared with the same quarter last year. "The company witnessed robust growth in new vehicle sales volumes in Q3, driven by strong demand in the entry-level segment...," it said. Better demand for entry-level cars led to the company's inventory days falling to 37 days during the quarter, from 44 days last year.

Its revenue from the luxury car business during the quarter was down 5% on year. At the same time, revenue from the commercial vehicle business was up 57% on year, and revenue from electric vehicles and the spare parts distribution business was up 69% on year. 

For the nine months ended December, the company expects consolidated revenue to rise 14% year over year, translating into INR 47.53 billion. Monday, the company's shares ended at INR 112.58 on the National Stock Exchange, down 4.1% from the previous close.  End

Reported by Anshul Choudhary

Edited by Saji George Titus

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2026. All rights reserved.