New company – 2×2 Logistics will offer outbound automotive logistics solutions

Mahindra Logistics Ltd. (MLL), one of India’s leading third party logistics (3PL) service providers, has recently announced a partnership with Indian Vehicle Carriers Pvt. Ltd. (IVC), to be branded as 2×2 Logistics, aimed at launching assetised operations in outbound automotive logistics.

Mahindra Logistics will have a majority stake in 2×2 Logistics, the new entity, which will initially invest in 100 specially designed car carriers to serve automobile and two-wheeler OEMs. This partnership will allow MLL and IVC to further develop and expand their transportation networks, linking the North, West, South and East clusters of production and consumption of automobiles.“This will help strengthen our operating capabilities in automotive logistics, our largest target industry vertical, with a clear focus on technology, quality and corporate governance,” said Pirojshaw Sarkari, CEO, Mahindra Logistics.

“We hope to leverage each other’s strengths and offer the highest level of quality and service to our customers,” said KS Singhal, Founder & Owner, Indian Vehicle Carriers.

MLL has been aggressively expanding its business with a focus on multiple industry verticals. In August, MLL acquired a majority stake in Lords Freight (India) Pvt. Ltd. soon after private equity (PE) firm Kedaara Capital bought a significant minority stake for ₹ 200 crore in the logistics company.

“Our objective at Mahindra Partners is to nurture and grow the businesses of tomorrow. 2×2 Logistics will allow MLL to build a significant asset base and enhance its pan-India transportation network, leading us that much closer to an IPO by 2017,” commented Parag Shah, Managing Partner, Mahindra Partners.

The partnership will help MLL strengthen its pan India network, coupled with innovative car carrier designs. Besides automotive logistics, MLL has been expanding its presence aggressively in the consumer goods, engineering, e-commerce and high-tech industry segments.