October 11, 2021
TVS SCS raises INR 590 cr from a fund managed by Exor
Funds to be used for future growth and for transformational initiatives. Chennai, October 11, 2021: TVS Supply Chain Solutions (TVS...
Chennai April 27, 2021:, Switch Mobility Ltd (“Switch” or “the company”), the UK-based developer of electrified buses and light commercial vehicles (LCVs) and subsidiary of Ashok Leyland Ltd, the Indian commercial vehicle manufacturer, today joined hands with TVS Supply Chain Solutions (TVS SCS) for establishing a sustainable logistics network. Under the arrangement, TVS SCS will operate 1000 eLCVs through their partners for its logistics operations provided by Switch. TVS Supply Chain Solutions (TVS SCS) has over two decades of experience in providing supply chain solutions across the globe through their fully integrated service offerings.
Commenting on the announcement, Mr. Dheeraj Hinduja, Chairman of Switch Mobility, said, “TVS SCS are always forward looking in their initiatives and discerning in their choice of products and solutions. We are happy that they have given an opportunity to Switch Mobility to provide their need for emission free transport solutions that are efficient, cost effective and reliable. Switch will play a big role in faster adoption of sustainable mobility both in India and overseas.”
Sharing his comments, Mr. Nitin Seth, Director Switch Mobility, said, “Partnerships like these are testament to the trust our customers have reposed in us. While we have just begun our journey, we are already seeing tremendous response for our products and technologies. Switch provides an energy efficient and zero-emission solution in a segment, where customers have been waiting for the right offering. We are proud that we are leading the change and steadily marching towards a sustainable and carbon-free electric mobility.”
Mr R Dinesh Managing Director, TVS Supply Chain Solutions, said, “We are glad to partner with SWITCH Mobility who are pioneers in bringing future-ready technology into transportation. TVS SCS has always been an early adopter of emerging technology and it’s only natural that we take the lead in the electric vehicle segment. To complement our technology led solutions in the last mile, we are now adding a new fleet of eLCVs through our partners in the ecosystem. We are happy to be among the first to have these eLCVs in our fleet.”
Commenting on the partnership, Mr Ravi Viswanathan, Joint Managing Director, TVS Supply Chain Solutions, said, “TVS SCS has always taken the lead in adopting new initiatives that add value to our stakeholders. Partnering with Switch Mobility for eLCVs will elevate our driver-cum-owners, who are part of our large ecosystem, with future ready mobility solutions. TVS SCS, through this partnership, will be able to contribute to the environment by significantly reducing our carbon footprint at the same time providing highly efficient and reliable support to our customers.