Prabal Motors, Popular Vehicles & Services Subsidiary, Acquires BharatBenz Dealership Operations in Punjab for ₹ 312 Crores
Popular Vehicles & Services Limited (PVSL) announced that its 100% step-down subsidiary, Prabal Motors Pvt. Ltd., has successfully executed a Business Transfer Agreement (BTA) to acquire the BharatBenz dealership operations from Globe CV Private Limited in the state of Punjab for a consideration of ₹ 312 crores. The acquisition includes the transfer of entire business units, including the new vehicle inventory, assets, and manpower strength. Prabal Motors will operate eight state-of-the-art facilities across key cities in Punjab, integrating modern showrooms, advanced service workshops, spare parts distribution, and pre-owned vehicle operations under one roof. This strategic expansion extends PVSL's geographic presence in Northern India and reinforces its long-standing partnership with the BharatBenz brand.
Key Highlights
- Prabal Motors, a subsidiary of Popular Vehicles & Services Limited, has acquired BharatBenz dealership operations in Punjab from Globe CV Private Limited for ₹ 312 crores.
- The acquisition includes the transfer of entire business units, including the new vehicle inventory, assets, and manpower strength.
- Prabal Motors will operate eight state-of-the-art facilities across key cities in Punjab, integrating modern showrooms, advanced service workshops, spare parts distribution, and pre-owned vehicle operations under one roof.
- This strategic expansion extends PVSL's geographic presence in Northern India and reinforces its long-standing partnership with the BharatBenz brand.
- Globe CV reported revenues of ~₹ 250 crores in FY25 and employed a workforce of 222.