Popular Vehicles expects 20% revenue growth in FY24

(Reading of 20 seconds) Naveen Philip, the Managing Director of Popular Vehicles and Services, expects the company’s revenue to continue growing at around 20%. He pointed out that the growth in used car sales is surpassing that of new car sales by 2-3% while highlighting the subdued growth in small commercial vehicles over the past 18 months.
“If you look at a compound annual growth rate (CAGR) for the last three years, even if you look at this year with the last year, we’ve been going about 19 to 20% CAGR. We hope to hold that in the future too,” he said.