TVS Supply Chain Solutions has won a new business contract from VE Commercial Vehicles (VECV) for managing their in-Plant warehousing and logistics function at their Eicher bus factory located in Baggad, Madhya Pradesh. VECV is a leading manufacturer of commercial vehicles and associated with TVS SCS since 2006 for inplant logistics operations for their Truck Plant in Pithampur, Madhya Pradesh. The new deal for VECV`s bus plant is for a period of three years. This two-decade strong partnership has helped to create over 1200 job opportunities in Madhya Pradesh.Powered by Capital Market - Live News

TVS Supply Chain Solutions announced that its wholly owned subsidiary, TVS SCS North America has earned recognition as a Partner-level supplier for 2023 in the John Deere `Achieving Excellence Program.` The Partner-level status is Deere & Company`s highest supplier rating. TVS SCS North America was selected for the honor in recognition of its dedication to providing products and service of outstanding quality as well as its commitment to continuous improvement. Suppliers who participate in the `Achieving Excellence program` are evaluated annually in several key performance categories, including quality, delivery, process alignment, value creation, and relationship. John Deere Supply Management created the program in 1991 to provide a supplier evaluation and feedback process that promotes continuous improvement. Powered by Capital Market - Live News

TVS Supply Chain Solutions (TVS SCS) announced that they achieved a milestone of 500,000 CKD (Complete Knock-Down) kits for its customer, TVS Motor Company. This was achieved in TVS SCS` dedicated warehouse facility at Hosur. The company`s advanced warehouse facility spanning 1,50,000 sq. ft, ensures defect-free dispatches and prevents parts mismatch. At its Hosur facility, TVS SCS provides end-to-end value-added services like, production planning, quality management, inbound material activities, kitting, reverse logistics, export, etc. The fully automated facility achieved its first milestone of 100,000 CKD kits in July 2022, subsequently, it demonstrated a consistent pattern of adding one lakh kits to the milestone once in every five months. Powered by Capital Market - Live News

The Board of TVS Supply Chain Solutions at their meeting held today 25 March 2024, has given authorization for conversion of pre-existing inter-company loans to equity in its wholly owned overseas subsidiary, TVS Logistics Investments UK, inorder to strengthen the capital structure, improve profitability and facilitate business growth. This transaction does not involve any fresh infusion of capital.Powered by Capital Market - Live News

TVS Supply Chain Solutions has allotted 41,400 equity shares under TVS SCS Management Incentive Plan on 05 March 2024. Post allotment, the issued and paid-up equity share capital of the Company stands increased from Rs 44,01,59,267/- comprising of 44,01,59,267 equity shares of Rs 1/- each, fully paid-up to Rs 44,02,00,667/- comprising of 44,02,00,667 equity shares of Rs 1/- each.Powered by Capital Market - Live News