Mahindra Logistics to Use Electric Vehicles for Business Growth
Mahindra Logistics announces to deploy electric vehicles (EVs) for last-mile delivery. Commiting to the green revolution and less carbon emission the Logistic giant is known to use Mahindra Electric and Kinetic Green for vehicle supplies.
Earlier Amazon India also announced plans to use electric vehicles (EVs) for last-mile delivery
Mahindra Logistics is one of the largest third-party logistics (3PL) service providers, specializing in supply chain management and enterprise mobility (people transport solutions, for which it already uses EVs in some parts of the country).
The company is planning a large expansion of the freight forwarding business, which is a money-spinner now (it is already growing at 20 per cent). To achieve scale, the company is also open to acquisitions, Swaminathan said, adding expansion will also see a widening of its business-to-business (B2B) and business-to-consumer (B2C) verticals.
According to Rampraveen Swaminathan, the company’s managing director and chief executive, a key part of the near three-fold growth drive in five years includes adding 2 million sq ft of warehousing annually over the next few years with each of the yards spanning 4-5 lakh sq ft.
The company has 16 million sq ft space now. In Q3 alone, it added 0.75 million sq ft space in Chennai and Hyderabad.
For successful operations of EVs, what is of critical importance is optimising the cargo weight, he said.
The company is trying to push the industry, which currently uses mostly electric two-wheelers, into larger adoption of EVs for last-mile delivery, Swaminathan said.
Moving away from auto segment will see the company focusing more on FMCG, pharma, e-commerce, and international exim business, he added.
