TVS SCS Seals 3-Year Chennai Warehouse Contract with Daimler India
Overview
TVS Supply Chain Solutions has secured a significant three-year contract to manage in-plant warehouse operations for Daimler India Commercial Vehicles at their Chennai manufacturing facility. The deal involves deploying 700 employees and leveraging advanced technologies like IoT and automation to optimize material flow and inventory, boosting DICV's production efficiency.
Stocks Mentioned
TVS SCS Wins Key Daimler India Contract
TVS Supply Chain Solutions Ltd announced Monday it has secured a three-year contract with Daimler India Commercial Vehicles (DICV). The agreement covers in-plant warehouse management operations at DICV's manufacturing facility in Chennai.
Deployment and Scope
The partnership will see approximately 700 employees from TVS SCS deployed to support the contract. TVS SCS will oversee end-to-end warehouse functions within the DICV facility, focusing on ensuring seamless material flow, maintaining optimized inventory levels, and enhancing overall operational efficiency.
Technology Integration
Advanced technologies will be central to the operation. TVS SCS will implement IoT-based tracking for real-time visibility, automation-led systems to reduce manual handling, predictive analytics for improved planning, and digital dashboards for centralized performance monitoring. These tools aim to bolster DICV's production ecosystem and its commitment to quality.
Strategic Importance
Sukumar K, CEO of India & MEA at TVS Supply Chain Solutions, stated that their global experience with Daimler and expertise in in-plant logistics and automation positions them to drive measurable efficiencies. C Muthu Maruthachalam, President & COO of Daimler India Commercial Vehicles, highlighted the vital role of efficient in-plant logistics in their production success.
Market Reaction
Shares of TVS Supply Chain Solutions Ltd closed on January 12 at ₹106.49 on the BSE, marking a decrease of ₹0.66, or 0.62%.
