Amba Auto Sales Secures Lease Agreements for Expansion of Chetak, KTM, and 3-Wheeler Showrooms
Amba Auto Sales and Services Limited has secured lease agreements to establish new commercial premises for the sale of its various product lines, including Chetak vehicles, KTM motorcycles, and 3-wheeler vehicles. These arrangements support the company's expansion plans within the market.The leases were executed on July 10, 2026, at a property located at Survey No. 121/1A and 124/1A in Dommasandra-Ramsagar Road, near Chandapura Circle, Bengaluru. The operational details for each product line are outlined below:
Lease Agreements Details
Chetak VehiclesThe lease agreement for the sale of Chetak vehicles stipulated a term of 10 years. The premises cover an area of 2,550 Sq. Ft. and carry a monthly rent of ₹ 68,850/- (calculated at ₹ 27 per Sq. Ft.). The agreement also includes a refundable security deposit of Rs. 9.00 Lacs. This arrangement is set to increase the monthly rent by 10% after two years.
KTM Vehicles
Similarly, for the sale of KTM vehicles, Amba Auto Sales secured premises at the same location under a 10-year lease agreement. The leased area amounts to 2,550 Sq. Ft., and the agreed monthly rent is ₹ 68,850/- (calculated at ₹ 27 per Sq. Ft.). A refundable security deposit of Rs. 10.50 Lacs was established for this agreement.
3-Wheeler Vehicles
The dedicated premises for 3-Wheeler vehicles, also located in Dommasandra-Ramsagar Road, operate under a 10-year lease term. The size allocated for these operations is 3,825 Sq. Ft. The monthly rent for the 3-wheeler section stands at ₹ 1,03,275 /- (calculated at ₹ 27 per Sq. Ft.) and includes an additional lumpsum of Rs. 15,000 designated for backup area usage. A refundable security deposit of Rs. 10.50 Lacs was set for the three-wheeler operation.
The company noted that these leases were executed in the ordinary course of business to facilitate its operational expansion.
AMBAAUTO Stock Price Movement
Amba Auto Sales and Services Limited shares edged higher on Friday, settling at ₹85.00 after gaining 0.06% in the session. The stock saw a modest trade volume of 5,000 shares during the closed market.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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