TVS Supply Chain Solutions stock jumps 9% after company secures 5-year contract with Daimler Truck AG
TVS Supply Chain Solutions, one of the largest and fastest-growing integrated supply chain solutions providers in India, gained nearly 9% in today's early trade after the company won a new 5-year strategic contract with Daimler Truck Southeast Asia Pte Ltd, a Daimler Truck AG company, for Integrated Supply Chain Solutions (ISCS) service in Singapore. "This contract solidifies TVS SCS as a primary logistics partner for Daimler Truck AG, the world's largest manufacturer of commercial vehicles, reinforcing the organisation's commitment to delivering exceptional logistics services between Germany and the Asia-Pacific region.
Daimler Truck South East Asia conducted a thorough evaluation process before awarding TVS SCS with the opportunity to provide these new services," the company said in its Tuesday's exchange filing. Also Read: HCL Technologies share price gains 3% on large deal with apoBankThe collaboration between TVS SCS and Daimler Truck South East Asia aims to establish a robust logistics solution for distributing spare parts and related items and streamline supply chain operations, servicing Daimler Truck South East Asia's distributor network, dealers, and workshops in 16 countries in the Asia-Pacific region from its strategic logistics center in Singapore.
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