Popular Vehicles Acquires BharatBenz Dealership In Punjab

21 Aug 2025 CW Team

Popular Vehicles & Services Limited (PVSL), one of India’s leading fully integrated automotive dealership companies, has announced that its wholly owned step-down subsidiary, Prabal Motors Pvt. Ltd., has executed a Business Transfer Agreement (BTA) to acquire the BharatBenz dealership operations of Globe CV Private Limited in Punjab.

Through this acquisition, Prabal Motors will operate eight state-of-the-art facilities across key cities in the state. Seven of these will function as integrated 3S outlets (Sales, Service and Spare Parts), while one will be dedicated to aftermarket spare parts. The transaction includes the transfer of business units, new vehicle inventory, assets, and workforce for a consideration of Rs 120 million, with the current vehicle inventory valued at Rs 220 million.

This strategic move strengthens PVSL’s commercial vehicle portfolio in northern India, complementing its strong presence in Maharashtra and Tamil Nadu, and further reinforces its long-standing partnership with the BharatBenz brand.

The eight facilities feature modern showrooms, advanced service workshops with 32 service bays, spare parts distribution, and pre-owned vehicle operations. With this acquisition, Prabal Motors becomes the exclusive dealer partner for BharatBenz in Punjab, enhancing both sales and service experiences for customers.

In FY25, Globe CV reported revenues of around Rs 2.5 billion and employed a workforce of 222. For Globe CV, the dealership business was a non-core operation, while PVSL expects to unlock stronger and sustainable growth under Prabal Motors’ expertise and infrastructure.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..