Mahindra Logistics and Flipkart collaborate for integrated Line Haul Solutions

Mahindra Logistics Limited, one of India's largest integrated third-party logistics service providers, today announced its collaboration with Flipkart for integrated line haul solutions that will enhance operational efficiency and consistency as well as reinforce both companies' shared commitment to innovation.

Mahindra Logistics will provide a dedicated fleet of Heavy Commercial Vehicles, assistance in route management and network operations, and advanced analytics for Flipkart's pan India operations. Mahindra Logistics will operate 32ft single axle heavy commercial vehicles for Flipkart in collaboration with Daimler India Commercial Vehicles, which will run on multiple national routes, across the country. In line with commitment to safety, all vehicles will have Advanced Driver-Assistance systems (ADAS), and various other vehicle security as well as driver safety & comfort related advance features.

The fleet deployed by Mahindra Logistics will primarily facilitate Flipkart's e-commerce parcel movements through hub-to-hub operations. The improvement in TAT, higher safety levels, and fleet management underline Flipkart's commitment to raising standards in the Indian e-commerce industry.

Commenting on this collaboration, Mr. Rampraveen Swaminathan, MD & Chief Executive Officer, said, "We are pleased to collaborate with Flipkart and provide these Pan-India dedicated line haul transportation solutions. These solutions expand our current line haul offerings for Flipkart enabling them to reduce their total cost of operations and improve service. Our enhanced fleet management standards, integrated with a focus on driver wellness and diversity, will serve to deliver higher standards of operational quality."

Flipkart has embarked on a transformative journey to enhance the efficiency and consistency of its Line Haul operations. This collaboration with Mahindra Logistics will help leverage company's capabilities in integrated logistics.

Speaking about the collaboration, Hemant Badri, Senior Vice President and Head of Supply chain, Customer Experience, and ReCommerce, Flipkart Group, said, "As India's homegrown e-commerce marketplace, we have always believed that our actions should resonate beyond operational excellence and benefit the larger supply chain and logistics ecosystem in India. This collaboration with Mahindra Logistics will help in enhanced reliability and efficiency in our long haul operations. Their dedicated fleet management, expert route management, and advanced analytics will enable an optimal way of load consolidation, route planning enabling efficient, faster, and sustainable deliveries."

The integration of connected vehicle technology empowers the Mahindra Logistics control tower to monitor fleet efficiency. The solution helps improve turnaround times and servicequality, reducing the Total Cost of Operations and customer service levels.

Shares of Mahindra Logistics Limited was last trading in BSE at Rs. 388.75 as compared to the previous close of Rs. 390.00. The total number of shares traded during the day was 2704 in over 257 trades.

The stock hit an intraday high of Rs. 393.35 and intraday low of 387.45. The net turnover during the day was Rs. 1054827.00.

Source : Equity Bulls

Keywords

MahindraLogistics INE766P01016 Collaboration Flipkart