Tiger Logistics has further strengthened its position in the Auto Sector. It has bagged Contract for handling the Export Logistics for the Piaggio Vehicles Private Limited. Piaggio Vehicles Private Limited is an Indian Subsidiary of Piaggio & C. S.p.A, Italy who are the pioneers in the manufacturing of Two-Three Wheelers in India. This will strengthen the Company Position in the Auto Sector and its vision of handling 70% of India's Auto Exports logistics by 2021.
Tiger Logistics is already providing Logistics solutions to Hero Motor Corp, Honda Motorcycle, Suzuki MotorCycle, India Yamaha, Bajaj Auto, TVS, Maruti Suzuki, Honda Cars just to name of few in the Auto Sector.
Commenting on the momentous Collaboration, Mr. Harpreet Singh Malhotra, CMD said, "We are delighted to act as Logistic partner for "Piaggio" as this enables a predictable growth, branding and assured payment Cycle. Going ahead, the Company aims to strengthen its position in Auto Logistics in order to handle majority Auto logistics with a target to deliver smart vehicles for a smart world, in India as well as outside India. The Collaboration between "Tiger and Piaggio" will be a powerful enabler of our strategy and will benefit the Automotive sector in India. The Company is very bullish in handling more Projects in this Financial Year.
We embrace co-creation, where we bring together knowledge, expertise, and technology from our partners and customers to create better solutions."
Shares of Tiger Logistics (India) Ltd was last trading in BSE at Rs.89 as compared to the previous close of Rs. 89.1. The total number of shares traded during the day was 1735 in over 44 trades.
The stock hit an intraday high of Rs. 89.5 and intraday low of 87.05. The net turnover during the day was Rs. 153599.