Mahindra Logistics Limited (MLL), one of India's largest Third-Party Logistics (3PL) solution providers, announced that it has further strengthened its association with the Volkswagen Group India, one of India's leading car manufacturers. MLL will manage the first of its kind Parts Distribution Centre (PDC) of the Volkswagen Group, India at NCR and Bangalore. The project spans operating two best in class PDCs that will feed spare parts to the Volkswagen Group, India dealer partners in North, East and Southern regions of India.
As part of this solution, MLL will manage more than 200000 sq. ft. of warehousing space and PDC operations, servicing the Volkswagen Group, India through a variable and scalable model. Both state-of-the-art warehouses are specially designed and equipped with customized storage, diverse Material Handling Equipment (MHE) and the very latest in technological solutions. The technology solutions include Warehouse Management Systems (WMS), specialized packaging solutions to ensure quality and temperature-controlled zones for hazardous material.
MLL currently services the inbound and outbound transportation of spare parts from Regional Distribution Centre (RDC) in Chakan, Pune - including export and import, In-plant Logistics, Just in Time (JIT) & Just in Sequence (JIS) at the Volkswagen Group production facility in Chakan, Pune.
The start of this project once again reinforces MLL's leadership in logistics solutions serving the automotive and engineering industries in India. With warehousing and transportation operations spanning 15 million square feet and 75000 vehicle placements per month, MLL continues to serve a diverse set of user industries, including e-commerce, consumer, pharma, people transport solution, in addition to auto and engineering.
It must be noted that MLL has played a very significant role of being a logistics partner by producing more than 6.5 lakh vehicles in the Volkswagen Group, India's recent milestone of producing its 1 millionth vehicle from its Chakan facility.
Mr. Pirojshaw Sarkari, CEO - Mahindra Logistics, said, "We are very happy to be part of the Volkswagen Group's growth story over the last 6 years. This project is a testimony to our capabilities in automotive logistics and the continuous faith the industry has showered to 3PL players like us. We are certain that the Volkswagen Group, India will achieve the desired cost efficiency and more importantly, ensure that their products reach the end-user, on time."
Mr. Justin Nolte, Director, Group After Sales & Vehicle Logistics - Volkswagen Group Sales India said, "We are pleased to have been associated with Mahindra Logistics and look forward to working collaboratively towards a strengthened supply chain network and an increased footprint under the 'INDIA 2.0' Project".
Shares of Mahindra Logistics Ltd was last trading in BSE at Rs.357.15 as compared to the previous close of Rs. 362.05. The total number of shares traded during the day was 1528 in over 308 trades.
The stock hit an intraday high of Rs. 364.5 and intraday low of 356.55. The net turnover during the day was Rs. 548806.