Mahindra Logistics to revamps auto outbound logistics biz

Mahindra Logistics is in the process of revamping the operations of its subsidiary, 2×2 Logistics to boost the company’s automotive outbound logistics business, which caters to the four-wheeler and two-wheeler industries. The revamp involves a number of initiatives, including the refreshing of 2×2 Logistics’ fleet of vehicles, dome conversions, increasing the average running time of the vehicles and reworking routes, new technology solutions, and the strengthening of its customer relationships. 2×2 Logistics provides logistics and transportation services to Original Equipment Manufacturers (OEMs) to carry finished automobiles from the manufacturing/assembly locations to stockyards or directly to distributors through specially designed vehicles. It owns and operates 150+ vehicle carriers. Mahindra Logistics, which owns 55 percent of the company, partnered with Indian Vehicle Carriers (IVC) in 2014 to form the entity.