In 1932 Charalambos Pilakoutas established a garage and showroom for the Hillman and Humber saloons and the Commer heavy trucks which were then imported from England. From the start, there was a positive response towards cars from the public in Cyprus, which encouraged the Company's founder to develop further car-related activities.

The company ware guided by prudent management, even in those modest beginnings, which laid strong foundations for its later growth.

In 1952 Charalambos Pilakoutas Ltd became the exclusive agent of Perkins Diesel Engines, the world famous manufacturer. During the same period it was appointed agent of Trosian vans and Nuffield Tractors and expanded its activities to include importing and servicing diesel engines, a field in which the Company became a pioneer. Two years later, the it ware appointed as the agent of Thorn Appliances Ltd, the manufacturer of thorn washing machines.

A landmark year was 1958, when Charalambos Pilakoutas Ltd became exclusive agent for Cyprus of the renowned Bavarian automobile manufacturer BMW. With BMW as its new flagship, the Company embarked on a era of reorganisation and expansion which led to its present strenght.

Further diversification followed as the Company added more internationally reputed names to its list of business relationships. These included the agencied of Rolls Royce Diesel Engines, Bedford Trucks, Muddy Fox Mountain Bicycles, Borg-Wanner Marine Transissions, F.G. Wilson Gen Sets, Kubota Engines, Hurth Marine Transmissions and others in the diesel engine business.

Another significant development came in 1969, when the Company was appointed general agents of KHD Deutz in Cyprus.

During the last two decades Char. Pilakoutas Ltd has continued to grown. From 1975 to 1990 the chairman, Kodros Pilakoutas, succesful undertook similar business activities in the United Arab Emirates where he was the first to introduce and establish BMW and Rover cars.

Another confirmation of the company's leading position in the Cyprus market was the appointment of Char. Pilakoutas Ltd. as the new general agent of the prestigious Rover Group (Rover, Land Rover, MG Cars) in 1995.