Image Source: 5paisa
Popular Vehicles and Services Ltd is set to commence operations for Ather Energy’s electric twowheeler facilities in Chennai by September 2025, backed by a Rs 7.5 million investment.
Operational Rollout
-
The company’s unit has received a Letter of Intent (LOI) to establish and manage Ather dealerships and service centers in Chennai.
-
This marks Popular’s second major EV collaboration with Ather, following its successful rollout in Trivandrum.
Strategic Expansion
-
The move aligns with Popular’s broader strategy to deepen its footprint in the fastgrowing electric mobility segment.
-
The Chennai facility will offer sales, service, and spare parts support for Ather’s 450X and 450 Apex models.
Market Impact
-
With Tamil Nadu emerging as an EV manufacturing hub, Popular’s entry is expected to boost regional adoption and customer access.
-
The investment complements the company’s integrated mobility ecosystem, spanning passenger vehicles, commercial fleets, and EVs.
Sources: Popular Vehicles Investor Deck, Economic Times Auto, Moneycontrol, BSE Filings, Ather Energy Newsroom
Advertisement
Advertisement