Popular Vehicles & Services Ltd | Made in India | Episode #6 | Ft Nimish Maheshwari
🎙️ Dive into the Untold Stories of Indian Businesses 🎙️
Made in India a journey to uncover the stories behind some of the most remarkable companies in our country—stories that often go untold.
Why we started this podcast?
We believe that many incredible Indian businesses don't get the spotlight they deserve. Therefore, in each episode, we explore the unique nuances of different businesses, sharing insights and stories that inspire and inform.
Episode #6 features
Popular Vehicles & Services Ltd.
Discover the inspiring journey of Popular Vehicles & Services Ltd., one of India’s oldest Maruti Suzuki dealerships and a key part of the 86-year-old Kuttukaran Group. From its humble beginnings to becoming a leading multi-brand automobile dealer. Join Mr. Nimish Maheshwari, co-founder of Beat the Street, as he breaks down Popular Vehicle's business model, its high-margin segments beyond vehicle sales, and its strategic position in India’s automotive industry.
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Time Stamps:
00:00 – Introduction
04:23 – Automobile Industry
05:55 – Industry Segments
07:28 – Geographic Concentration
09:23 – Major Car Brands
11:03 – EV Segment
15:01 – Dealerships in India
21:00 – Idea Generation Process
28:44 – Business of Popular Vehicles & Services
35:21 – History of Popular Vehicles
38:26 – Company’s Geographic Concentration
41:27 – Dynamics of Entering Other Markets
44:38 – Details About IPO
46:33 – Relationship with Maruti Suzuki
51:14 – Discussing Numbers
58:22 – Inorganic Growth
01:03:04 – Inventory & Receivables
01:09:54 – Peer Analysis
01:15:32 – Service Business Performance
01:19:32 – Management
01:23:07 – Value Proposition of Dealers
01:25:52 – Brand Concentration
01:29:13 – Summary
1:37:08 – KPIs to Track
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