Bengaluru, July 11 -- The company's subsidiary received an LOI to set up Ather facilities in Chennai. Despite recent losses, the company maintains strong operations across sales, service, spares, and strategic OEM partnerships.

The shares of the leading auto dealer gained up to 1 percent in today's trading session after the company's subsidiary received a Letter of Intent (LOI) for setting up Ather facilities in Chennai, Tamil Nadu.

With a market capitalisation of Rs 949.78 crore, the shares of Popular Vehicles and Services Ltd were trading at Rs 133.40 per share, decreasing around 1.69 per cent as compared to the previous closing price of Rs 135.70 apiece.

According to the exchange filing, Popular Vehicles and Services Ltd announces t...