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Popular Vehicles sees luxury sales jump 40% in Q1; revenue stays flatPopular Vehicles and Services reported a 1% rise in revenue for Q1FY26, with luxury vehicle sales up 40% and new network tie-ups across electric, pre-owned, and commercial vehicle segments.By Sheersh Kapoor   July 18, 2025, 4:37:22 PM IST (Published)1 Min ReadPopular Vehicles and Services Ltd on Friday shared its Q1 FY26 business update, reporting a marginal 1% year-on-year growth in consolidated revenue.

While overall vehicle volumes dipped by 1%, the company saw robust performance in its luxury car segment, which surged by nearly 40% over the same period last year.

The commercial vehicle segment also expanded by 4%, while the non-luxury passenger vehicle segment witnessed a 7% decline. Other verticals, including electric vehicles and spare parts distribution, registered a healthy 15% growth.

The company also continued its network expansion drive. It secured a Letter of Intent (LOI) to open new Ather EV facilities in Chennai, expected to commence operations in September.

Additionally, it will set up an independent True Value pre-owned vehicle outlet in Bengaluru by August and eight new BharatBenz 3S facilities in Punjab.

Management noted that while Q1 is seasonally slower, pre-festive customer footfalls have been encouraging. Inventory build-up in Q1 aligns with festive demand preparedness.

At close of trade on Friday, shares of Popular Vehicles and Services Ltd ended at ₹133, up 0.85% on the NSE.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsAuto salesPopular VehiclesQ1share market today