Popular Vehicles to Buy Maruti Suzuki Dealer RKS Motor

MT Newswires Live

2025/10/08

Popular Vehicles and Services' (NSE:PVSL, BOM:544144) board has approved the acquisition of R.K.S. Motor, a Maruti Suzuki dealer in Telangana, India, for a consideration not exceeding 930 million Indian rupees, according to a Wednesday filing on Indian bourses.

The transaction, to be executed via a slump sale agreement, is expected to close by Oct. 31, subject to necessary approvals and conditions precedent, Popular Vehicles said in the filing.

Additionally, the board approved setting up a step-down subsidiary under Popular Mega Motors (India) to launch a spare parts and accessories e-commerce platform.

It also approved a proposal to explore opportunities for adding another luxury dealership brand, the company said.

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