Popular Vehicles and Services Ltd, one of South India’s leading automobile dealership networks, has announced plans to acquire the business of RKS Motor Pvt Ltd for a lump-sum consideration of up to ₹93 crore.
The acquisition was approved by the company’s Board of Directors at a meeting held on October 8, 2025, according to a filing with the BSE and NSE.
The proposed transaction, which will be completed by October 31, 2025, is part of Popular Vehicles’ broader strategy to expand its dealership presence across new geographies. RKS Motor recorded a turnover of ₹492.9 crore in FY25, with a net worth of ₹37.4 crore, and operates multiple Maruti Suzuki outlets in Telangana.
In addition to the acquisition, the board also approved the incorporation of a new step-down subsidiary under Popular Mega Motors (India) Pvt Ltd, its wholly owned subsidiary. This new entity will develop an e-commerce platform for automobile spare parts and accessories, tapping into the growing demand for online automotive retail services.
The acquisition of RKS Motor will be executed through a cash transaction, and no government or regulatory approvals are required for completion. The transaction will proceed upon fulfilment of customary conditions precedent.
RKS Motor, incorporated in 1985, has been a significant player in the automobile retail space in southern India, with a strong relationship with Maruti Suzuki. Over the last three years, the company reported revenues of ₹646.33 crore (FY23), ₹697.10 crore (FY24), and ₹492.90 crore (FY25).
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As of October 08, 2025, at 02:33 PM, Popular Vehicles Share price is trading at ₹148.34 per share, reflecting a decline of 0.83% from the previous closing price.
With this acquisition and upcoming ventures in digital retail and luxury segments, Popular Vehicles and Services Ltd is positioning itself for the next phase of growth. The expansion into Telangana and investment in e-commerce reflect the company’s commitment to innovation, scale, and customer-focused diversification in India’s evolving automotive landscape.
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Published on: Oct 8, 2025, 3:56 PM IST
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