Latest News
Recognising the dream, passion of TN's emerging entrepreneurs - Apr 19, 2010
Most of them started with absolutely nothing but a dream in their pocket. Today, each of them heads a multi-hundred-crore company, employing hundreds if not thousands.
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CII Tamil Nadu’s Nine Stars: Emerging Tamil Nadu Entrepreneurs Recognized across Various Segments - Apr 20, 2010
The IMAGE auditorium at Chennai reverberated with the spirit of entrepreneurship when nine entrepreneurs took the podium to receive CII Tamil Nadu Emerging Entrepreneurs Award for nine different categories from the Deputy Chief Minister of Tamil Nadu, Mr. M. K. Stalin.
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TVS Logistics Inaugurates Assembly Facility at Sholavaram - August 22 2011
TVS Logistics Services Limited (TVS LSL), today inaugurated its Logistics Assembly facility at Sholavaram, 40 Kms. North of Chennai. This will be a dedicated and full-fledged Assembly facility for Ashok Leyland (Power Solution business) to assemble their Genset Engine powerpacks in the range of 10 – 2000 KVA capacity for both domestic and export markets. The facility was inaugurated by Mr. Vinod K. Dasari, Managing Director, Ashok Leyland in the presence of Mr. R. Dinesh, Managing Director, TVS Logistics.
According to the business model, Ashok Leyland will supply Engines and Radiator to TVS Logistics, which will provide end-to-end supply chain solutions by ensuring infrastructure, procuring child parts, assembling, packaging, material handling solutions and Logistics solutions for the assembled Genset engine powerpacks as per Ashok Leyland’s requirements. This arrangement would also mean that TVS Logistics will be a single-point of contact for Ashok Leyland for assembling their 10 - 2000 KVA range of Genset Engine powerpacks.
With an initial investment of Rs. 25 million, the plant will have a capacity of 14,500 units per annum that can be up-scaled to 30,000 units. Strategically located near the Ennore Port and well-connected by road to the cities of Bengaluru and Kolkata, the facility will assemble different Genset engine powerpacks in the range of 10 – 2000 KVA for Ashok Leyland and is expected to meet their sales requirements for the next three years. Situated in a total space of 70,000 sq.ft. in Sholavaram, the integrated facility has adequate facilities for end-to-end movement of engines, movement of components to assembly, testing, packing and dispatch areas.
Says Mr. R. Dinesh, Managing Director, TVS Logistics Services Ltd., “This facility is a milestone for us as very few Supply Chain companies globally have the capability to provide end-to-end Supply Chain Solutions which include taking ownership of the sub-assemblies. Thanks to our acquisitions in the US and UK, we are now able to offer this service in India. I am confident that this will be only the first of many such initiatives we will add to our portfolio of services. We are even more delighted that we are commencing this activity with Ashok Leyland first, as we have a long and special relationship with Ashok Leyland and Mr. Vinod Dasari’s presence confirms the importance of this occasion.”
Speaking on the occasion, Mr. Vinod K. Dasari, Managing Director, Ashok Leyland said, “On the strength of this association with TVS Logistics, we are delighted to be able to offer greater value to our customers through customized power solutions meeting their specific requirements at a reduced delivery time. Our comprehensive range covers all requisites of growing sunrise sectors, right from telecom to retail and infrastructure. Our Power Solution Business is growing robustly in tune with the domestic Genset market that is shortly expected to touch 2 lakh units per annum. I am confident that with the support of such a reliable partner like TVS Logistics, we are very well-placed to significantly increase our reach to the customers.”
Overall, the Supply Chain market in India is evolving and as in developed countries, complete outsourcing is expected to slowly start in India. As always, TVS Logistics and Ashok Leyland have become the pioneering example of a win-win partnership through setting up this facility. This will give Ashok Leyland the flexibility while, TVS Logistics would bring in Global best practices on sub-assembly operations.
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TVS LSL's participation in Logistics Summit 2011
TVS Logistics had participated in the recently concluded Logistics Summit in Mumbai on 3rd and 4th November, 2011. Mr. S. Ravichandran, Executive Director, TVS Logistics was invited as speaker to speak on ‘Bridging the infrastructural gap.’
Key points highlighted by the E.D. in the summit are as follows:
Bridging the skill gap is key to organisation’s health
There is no ‘One size fits all approach’
Organisations to adopt tailor made solutions
Training and Development of employees is of prime importance and should find a significant place in the organisation’s budget.
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Gateley to head TVS Automotive Europe - Mar 9, 2010
Chris Gateley has been appointed chief executive of TVS Automotive Europe following TVS’s takeover of Multipart at the end of last year.
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TVS Logistics gears up for European growth - plans to double turnover - Mar 4, 2010
TVS Logistics, the Indian company which bought Multipart late last year, is re-organising its European operations as part of a global plan to double revenue in two years (already standing at more than £140 million).more
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A company's success depends on a good supply chain - Jan 03, 2010
With the recent acquisition of Multipart of the UK, a supply chain services provider, TVS Logistics Services Ltd has achieved its target of Rs 1,000 crore in turnover at least a year earlier than targeted. The company is confident of doubling turnover in two years.
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Consolidation, integrated infrastructure is the need of the hour - Jan 28, 2010
The logistics industry, estimated at $20 billion, is expected to grow at a CAGR of around 15% over the next few years.Driven primarily by outsourcing, the industry will witness a paradigm shift in warehousing as well as third-party logistics.
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