Truck aggregator Freightbazaar introduces features for truck drivers
This has been built as a plug-n-play model that works with any fitted GPS and the system currently provides data like engine run/ idle time and driving speeds.
TVS Logistics Services Ltd was initially started as a business unit of TVS & Sons but later, the company was established as a separate company in the year 2004. TVS Group is an automotive company of auto electrical components, two-wheeler, and three- wheelers. The company also deals in high tensile fasteners, die casting products, brakes, wheels, tires, axles, seating systems, fuel injections components and many more. The company has an experience of managing warehouse operations from the past sixteen years. They also have a strong headcount of over 7000 strong employees. There are about 950 vehicles that are plying to road, with the option of GPS tracking facility, that meet the line haul activities pertained by the group. The company is an end to end provider of customized supply chain solutions and value added solutions to their clients that are spread across fifty different countries across the globe. Their main aim is to improve the sales of the commercial, utility & sports utility vehicles, passenger cars that represent numerous automobile vehicle manufacturers like Ashok Leyland, General Motors among many others. The company has its operations in countries like UK, Spain, Thailand, USA, Germany, China among many others through their warehouses that are located in the nation as well as overseas. With the help of the joint ventures that the company has with the above mentioned countries, the company offers supply chain solutions to their customers. They have been chosen as the best choice for low casting sourcing as well as for the complete logistics management of automotive components of the country. Their vision is to start an integrated supply chain for their customers by offering them a high quality and cost effective logistics that serves across the globe. Through this, the company guarantees the best of its class in the industry.
This has been built as a plug-n-play model that works with any fitted GPS and the system currently provides data like engine run/ idle time and driving speeds.
In its 18th year in India, the EOY awards celebrate those who are building and leading successful, growing and dynamic businesses.
The management and TVS family members, which led the transformation of a sleepy Rs 12 crore company to one with Rs 5,000 crore annual turnover, picked a 5 per cent stake, bringing in skin in the game.
"CDPQ will invest over Rs 1,000 crore (USD 155 million) to acquire a minority stake in TVS Logistics Ltd. With this transaction, Goldman Sachs and KKR will fully exit from their investments", TVS Logistics Services' Managing Director R Dinesh told reporters here.
A service, in its core sense, means an action of helping or doing work for someone. In Automotive industry, a service is an assistance or advice given to customers during and after the sale of product. In ETAutolytics, a service includes other services like technology translation, the support to obtain the certificates and logistics solutions as well, along with IT infrastructure maintenance (middleware).
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