Mahindra Logistics, which is on an ambitious growth path with a target of achieving Rs 10,000-crore revenue by FY26 through inorganic and organic routes, is planning to deploy electric vehicles (EVs) for last-mile delivery shortly, a top company official has said.

The plan comes on the heels of online retailer Amazon India’s move to deploy EVs for last-mile delivery. The company is reportedly in touch with Mahindra Electric and Kinetic Green for vehicle supplies. Swedish furniture retailer Ikea (through Gati Logistics), an online grocery store Bigbasket also uses EVs for last-mile delivery, according to media reports. As an integrated logistics solutions provider, the company offers 13 services, and one of the new services it is keen to enter is deploying EVs for last-mile delivery. The company will be launching this soon, Swaminathan told PTI.

The other leg of the Rs 10,000 crore revenue push from Rs 3,800 crore in FY20 involves entering new services and scaling up existing verticals, he said. The company is planning a large expansion of the freight forwarding business, which is a money-spinner now (it is already growing at 20 per cent). To achieve scale, the company is also open to acquisitions, Swaminathan said, adding an expansion will also see a widening of its business-to-business (B2B) and business-to-consumer (B2C) verticals.

Mahindra Logistics is also looking at new markets and new geographies, including taking its freight forwarding business overseas, he said. However, nothing has been finalized on this front, and there is no hurry to go international as the domestic market is very large, he added.