Popular Vehicles Expands Into Punjab With BharatBenz Dealerships

19 Jun 2025 CW Team

Popular Vehicles & Services Limited, a leading fully integrated automotive dealership group in India, has announced that its 100 per cent step-down subsidiary, Prabal Motors Pvt. Ltd., has received a Letter of Intent (LOI) to establish eight advanced 3S facilities—Sales, Service and Spare Parts—for BharatBenz across Punjab.

This marks Popular Vehicles’ official entry into the Punjab market as the exclusive dealer for BharatBenz throughout the state, significantly strengthening its presence in Northern India. The move builds upon the company’s existing footprint in Maharashtra and Tamil Nadu and further deepens its partnership with Daimler India Commercial Vehicles.

The upcoming state-of-the-art facilities will be strategically located across eight sites in Punjab. Each will integrate a showroom, bodyshop, spare parts distribution, and pre-owned car operations under one roof. Together, they will feature a total of 32 service bays and involve a cumulative investment of approximately Rs130 million (USD 1.56 million).

Naveen Philip, Promoter and Managing Director of Popular Vehicles & Services Limited, commented, “We are thrilled to announce our entry into the northern region through our partnership with BharatBenz. Punjab becomes the third key state in our BharatBenz network after Tamil Nadu and Maharashtra. This expansion reflects our broader strategy to move beyond our traditional base in Kerala and into high-potential geographies.”

He added, “Punjab’s vibrant economy and increasing demand for commercial transportation make it a strategic market for us. We are committed to offering best-in-class mobility solutions and furthering our relationship with Daimler India Commercial Vehicles.”

This expansion underscores Popular Vehicles’ ambition to become a pan-India leader in commercial automotive retail and servicing, reinforcing its growth strategy across both new and existing territories.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..