High-Octane Move: Popular Vehicles Accelerates Growth via Rs 93 Crore R.K.S. Motor Acquisition

Updated: October 10, 2025 13:06

Image Source: ScanX

Popular Vehicles and Services Ltd has entered a slump sale agreement valued at Rs 93 crore for acquiring the business of R.K.S. Motor Private Limited, a prominent Maruti Suzuki dealership in Telangana. The acquisition is expected to complete by October 31, 2025, reinforcing Popular Vehicles’ regional expansion and market presence.

Popular Vehicles and Services Limited (PVSL), a leading automobile dealership and services company, recently announced a strategic move to acquire the business of R.K.S. Motor Private Limited through a slump sale valued at Rs 93 crore. This transaction forms an integral part of PVSL’s broader expansion blueprint aimed at consolidating its presence in key Indian markets.

R.K.S. Motor, incorporated in 1985 and located in Telangana, operates as a trusted Maruti Suzuki India Limited dealership. The business reported a turnover of Rs 492.90 crore and a net worth of Rs 37.40 crore for FY 2024-25, indicating a strong financial and operational footing.

Key Highlights of the Deal:

Slump sale agreement approved for acquiring R.K.S. Motor business at a lump sum consideration of Rs 93 crore.

The acquisition targets inroad into Telangana’s automobile retail market, diversifying PVSL’s geographic footprint.

R.K.S. Motor is a well-established Maruti Suzuki dealership with significant turnover and brand recognition.

The transaction is expected to be executed on or before October 31, 2025, subject to regulatory approvals.

PVSL has also approved the incorporation of a new subsidiary to launch an e-commerce platform for auto spare parts and accessories.

The company is exploring opportunities to add a luxury automobile dealership brand to its portfolio.

This acquisition aligns with PVSL’s vision to leverage established dealership networks and expand its retail sales capacity.

Expected to bolster PVSL’s revenues and enhance its competitive positioning in the automotive distribution sector.

This strategic acquisition not only strengthens Popular Vehicles’ presence in Telangana but also exemplifies its commitment to diversifying revenue streams and embracing digital initiatives through e-commerce ventures.

With the successful completion of this deal, PVSL anticipates unlocking synergies that will accelerate growth and create long-term shareholder value in the evolving Indian automobile landscape.

Sources: NSE India, Angel One, Sharekhan, Business Upturn, ScanX Trade

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