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Mahindra Logistics Limited’s shares were up by 1.54 per cent after the company announced a collaboration with Flipkart to enhance operational efficiency and consistency in their supply chain.
As part of this collaboration, Mahindra Logistics will provide Flipkart with a dedicated fleet of Heavy Commercial Vehicles (HCVs), support in route management, network operations, and advanced analytics for Flipkart’s pan-India operations.
In collaboration with Daimler India Commercial Vehicles, these 32-foot single-axle heavy commercial vehicles will operate on various national routes nationwide. In adherence to safety standards, all vehicles will be equipped with Advanced Driver-Assistance Systems (ADAS) and other advanced features related to vehicle security, driver safety, and comfort.
The deployment of Mahindra Logistics’ fleet will primarily facilitate Flipkart’s e-commerce parcel movements, emphasising hub-to-hub operations. This initiative aims to improve Turnaround Time (TAT), enhance safety levels, and optimize fleet management, reinforcing Flipkart’s commitment to setting higher standards within the Indian e-commerce industry.
The shares of the company were up by 1.32 per cent to Rs 393.55 at close on the BSE.
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