TVS Supply Chain Secures 3-Year Daimler India Contract for Chennai Warehouse Operations

• TVS Supply Chain Solutions Ltd (TVS SCS) won a three-year contract from Daimler India Commercial Vehicles (DICV).
• The contract involves managing in-plant warehouse operations at DICV's manufacturing facility in Chennai.
• Approximately 700 TVS SCS employees will be deployed to ensure smooth material flow, optimized inventory, and improved operational efficiency.
• TVS SCS will utilize advanced technologies like IoT-based tracking, automation, predictive analytics, and digital dashboards.
• Shares of TVS SCS closed down 0.62% on BSE following the announcement.

Why It Matters: TVS SCS secures a major 3-year contract with Daimler India for advanced warehouse management in Chennai.