They stand as a premier diversified automobile dealership in India, with their prominence underscored by a CRISIL Report. Their fully integrated business model spans the entire spectrum of vehicle ownership lifecycle, encompassing the sale of new vehicles, vehicle servicing and repairs, distribution of spare parts and accessories, management of pre-owned vehicle transactions, operation of driving schools, and facilitation of third-party financial and insurance products.

Their operations are strategically divided into three primary segments:

– Passenger Vehicles including Luxury Vehicles.
– Commercial Vehicles.
– Electric Two-Wheeler and Three-Wheeler Vehicles.

They maintain partnerships with several Original Equipment Manufacturers (OEMs) across various vehicle categories. For passenger vehicles, they collaborate with Maruti Suzuki India Limited (both Arena and Nexa), Honda Cars India Limited through VMPL, and Jaguar Land Rover India Limited through PAWL. In the commercial vehicles domain, they have ties with Tata Motors Limited (Commercial) through PMMIL and Daimler India Commercial Vehicles Private Limited (BharatBenz) through PMPL. Additionally, they deal in electric vehicles with Piaggio Vehicles Private Limited (including commercial and cargo vehicles) through KGPL and Ather Energy Private Limited through KCPL.

Their dealership agreements, whether exclusive or non-exclusive, are structured with specified territorial operations and are subject to renewal and termination clauses that ensure operational flexibility and adherence to OEM partnerships’ terms.

Revenue Streams and Geographic Presence

The revenue generated from each key segment demonstrates a significant portion of their operations, with passenger vehicles (including luxury vehicles) forming the largest share. This diversification not only strengthens their financial standing but also mitigates risks associated with market volatility in specific segments.

Their extensive network comprises 61 showrooms, 133 sales outlets and booking offices, 32 pre-owned vehicle showrooms and outlets, 139 authorized service centers, 43 retail outlets, and 24 warehouses. These facilities span across 14 districts in Kerala, 8 districts in Karnataka, 12 districts in Tamil Nadu, and 9 districts in Maharashtra, showcasing their robust presence across significant markets in India.

Strategic acquisitions and expansions, such as the acquisition of 11 service centers and 2 showrooms from a Maruti Suzuki dealer in Kerala and further expansion in Tamil Nadu and Maharashtra, underscore their commitment to enhancing their service and repair offerings. This strategic growth has significantly increased their revenue from servicing passenger and commercial vehicles. In Fiscal 2023, they achieved the ‘All India Highest in the Bodyshop Load’ ranking for Maruti Suzuki, further solidifying their market leadership.

The escalating sales of electric two-wheeler and three-wheeler vehicles, from 252 units in Fiscal 2022 to 3,381 units in Fiscal 2023, highlight our adaptability to evolving market demands and their contribution towards sustainable mobility solutions.

Their diversified operations, strategic expansions, and strong OEM partnerships position them as a leading entity in India’s dynamic and competitive automobile dealership landscape.