TVS Supply Chain surges on inking 5-year strategic contract with Daimler Truck South East Asia

TVS Supply Chain Solutions is currently trading at Rs. 181.40, up by 12.10 points or 7.15% from its previous closing of Rs. 169.30 on the BSE.

The scrip opened at Rs. 175.05 and has touched a high and low of Rs. 182.55 and Rs. 175.05 respectively. So far 273765 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 257.95 on 11-Sep-2023 and a 52 week low of Rs. 145.40 on 13-Mar-2024.

TVS Supply Chain

Last one week high and low of the scrip stood at Rs. 182.55 and Rs. 167.00 respectively. The current market cap of the company is Rs. 7453.43 crore.

The promoters holding in the company stood at 43.13%, while Institutions and Non-Institutions held 6.36% and 50.50% respectively.

TVS Supply Chain Solutions (TVS SCS) has entered into new 5-year strategic contract with Daimler Truck South East Asia Pte, a Daimler Truck AG company, for integrated Supply Chain Solutions (ISCS) service in Singapore.

This contract solidifies TVS SCS as a primary logistics partner for Daimler Truck AG, the world’s largest manufacturer of commercial vehicles, reinforcing the organization’s commitment to delivering exceptional logistics services between Germany and the Asia-Pacific region. Daimler Truck South East Asia conducted a thorough evaluation process before awarding TVS SCS with the opportunity to provide these new services.

TVS SCS and Daimler Truck South East Asia have entered into collaboration to establish a robust logistics solution for distributing spare parts and related items, to streamline supply chain operations, servicing Daimler Truck South East Asia’s distributor network, dealers, and workshops in 16 countries in the Asia-Pacific region from its strategic logistics centre in Singapore, to efficient management of 8,000 SKUs and 65,000 order lines annually, accommodating a diverse range of parts with varying storage requirements, to ensure smooth transportation across multiple modes, including air, Full Container Load (FCL), Less than Container Load (LCL), and road transportation, coupled with customs clearance and Dangerous Goods (DG) declarations.

TVS SCS is delivering a customised IT solution suite, centred on a bespoke online platform that provides inventory visibility and ordering to Daimler Truck Parts Centre (DTPC) Southeast Asia customers. The IT solution also provides DTPC SEA with an integrated capability for inventory management, parts replenishment ordering, parts pricing, invoicing and data analytics.

TVS Supply Chain Solutions, an integrated supply chain solutions provider. TVS SCS is promoted by the erstwhile TVS Group and is now part of the TVS Mobility Group, which has four business verticals — supply chain solutions; manufacturing; auto dealership, and aftermarket sales and service.