Driving Out Of JCB Distribution: Popular Vehicles Subsidiary Shuts Operations

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

Popular Vehicles and Services Limited announced that its wholly owned subsidiary, Popular Auto Dealers Private Limited, has ceased operations as an authorized distributor for JCB India Limited effective January 28, 2026. The closure stems from lower margins and anticipated challenges in sustaining business viability, with minimal impact on overall net worth.