Image Source: Popular Maruti
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.
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Popular Vehicles and Services Limited has formally notified that the Board of its subsidiary, Popular Auto Dealers Private Limited, has approved the closure of its sales and service operations as an authorized distributor for JCB India Limited. The decision takes effect immediately from January 28, 2026.
Key Highlights
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Revenue contribution from the unit in FY25 stood at Rs. 23.50 crores, accounting for 0.42% of the company’s consolidated turnover.
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Net worth contribution from the division was negligible, minimizing financial impact on the parent entity.
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No binding agreement was entered for sale of the unit, as the closure is a direct operational decision.
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The primary reasons cited include lower margins and anticipated challenges in sustaining long-term business viability.
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The closure underscores the company’s strategic focus on optimizing resources and concentrating on higher-margin businesses.
Sources: Company filing with BSE, regulatory disclosure by Popular Vehicles and Services Limited
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