Mahindra Logistics Surges On Inking Deal With Flipkart For Integrated Logistics Solutions

Mahindra Logistics stocks rose as much as 4.20 per cent to hit intraday high of Rs 404.85, on Friday, after it signed a deal with Flipkart for integrated logistics solutions.

Under the deal, Mahindra Logistics will offer a fleet of Heavy Commercial Vehicles (HCV), assistance in route management and network operations, and advanced analytics for Flipkart’s pan India operations. 

Furthermore, Mahindra Logistics will operate 32 feet single axle heavy commercial vehicles for Flipkart in collaboration with Daimler India Commercial Vehicles, which will run on multiple national routes, across the country. 

“All vehicles will have Advanced Driver-Assistance systems (ADAS), and various other vehicle security as well as driver safety and comfort related advance features,” Mahindra Logistics said in a statement.

Rampraveen Swaminathan, MD & Chief Executive Officer of Mahindra Logistics 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.”

Also, the fleet deployed by Mahindra Logistics will primarily facilitate Flipkart's e-commerce parcel movements through hub-to-hub operations.

"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,” said Hemant Badri, Senior Vice President and Head of Supply chain, Customer Experience, and ReCommerce, Flipkart Group.

At 2:25 pm, the stock of Mahindra Logistics was trading nearly 2.60 per cent higher at Rs 399.55 apiece.