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(12 Jun 2024, 09:55)

TVS Supply Chain surges after baggiing 5-yr contract from Daimler Truck AG

TVS Supply Chain Solutions jumped 6.08% to Rs 179.60 after the company announced that it has secured a new 5-year strategic contract with Daimler Truck South East Asia for providing integrated supply chain solutions (ISCS) service in Singapore.


Daimler Truck South East Asia is a Daimler Truck AG company.

Daimler Truck Holding AG (Daimler Truck) is one of the world's largest commercial vehicle manufacturers, with over 40 main locations and more than 100,000 employees around the globe.

The scope of the aforementioned contract involves streamlining the supply chain operations for Daimler Truck South East Asia's distributor network, dealers, & workshops in 16 countries in the Asia-Pacific region from its strategic logistics centre in Singapore.

TVS SCS will establish a robust logistics solution for distributing spare parts and related items.

The company will also deliver a customised IT solution suite, centred on an online platform that provides inventory visibility and ordering to Daimler Truck Parts Centre (DTPC)...

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