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TVS Logistics Services on Monday inaugurated its logistics assembly facility at Sholavaram near here, set up at an investment of Rs 2.5 crore.
The facility, spread across 70,000 sq ft, would be a dedicated plant for Hinduja Group flagship company Ashok Leyland’s power solution business, a company release said.
Ashok Leyland Managing Director Mr Vinod K Dasari inaugurated the new facility in the presence of TVS Logistics Managing Director Mr R Dinesh.
The facility would assemble Ashok Leyland’s genset engine powerpacks in the range of 10-2,000kVa capacity for domestic and export markets. It would have a capacity of producing 14,500 units per year which can be increased to 30,000 units.
“The facility is a milestone for us as very few supply chain companies globally have the capability to provide end—to—end solutions which include taking ownership of sub—assemblies..”, said Mr R Dinesh, Managing Director, TVS Logistics Services.
“....Our power solution business is growing robustly in tune with the domestic genset market that is expected to reach two lakh units shortly”, said Mr Vinod K Dasari, Managing Director, Ashok Leyland.
TVS Logistics Services handles over $1.5 billion worth of parts annually and controls about three million sq ft of warehouse space in India. The company reported an annual turnover of over 1,200 crore in 2010—11.
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