Popular Vehicles And Services Ltd. has received a letter of intent to establish a Nexa workshop in Kerala, marking a strategic expansion in premium vehicle servicing. The company plans to invest approximately ₹20 million in the facility, which will feature advanced service and bodyshop bays for Nexa customers.
Popular Vehicles And Services Ltd., a leading automotive retail and service company, has announced its latest expansion move with the approval to set up a Nexa workshop in Kerala. The workshop will cater to Maruti Suzuki’s premium Nexa segment, offering enhanced service capabilities and customer experience. The investment is estimated at ₹20 million, reinforcing the company’s commitment to infrastructure growth and brand alignment.
Key Highlights
- The company received a formal letter of intent to establish the Nexa workshop in Kerala
- Investment for the facility is projected at ₹20 million, covering setup, equipment, and staffing
- The workshop will include four dedicated service bays and five bodyshop bays
- The initiative aligns with Popular Vehicles’ strategy to strengthen its premium servicing footprint
- The facility is expected to improve turnaround times and service quality for Nexa customers in the region
- Shares of Popular Vehicles saw a modest uptick following the announcement, reflecting investor confidence
Notable Updates
- The workshop will be located in a high-demand urban zone, targeting Nexa owners across central Kerala
- The company continues to expand its network across Tamil Nadu and Karnataka, with similar premium service centers planned
- Popular Vehicles aims to leverage its long-standing partnership with Maruti Suzuki to enhance customer retention and brand loyalty
Sources: Popular Vehicles official disclosure to BSE and NSE, Investment Guru India, MakeMyStocks auto sector bulletin