Shares of TVS Supply Chain Solutions Ltd surged 8% on 12 June after the company announced signing a five-year strategic contract with Daimler Truck AG subsidiary, Daimler Truck South East Asia Pte Ltd. 

In its regulatory filing, the company will serve as the primary logistics partner for Daimler Truck AG, which is the world’s largest commercial vehicle manufacturer across the Asia-Pacific region. Daimler Truck South East Asia has conducted thorough research before awarding the contract to the company. 

As a part of the contrat, the company will focus on streamlining supply chain operations for  Daimler Truck’s distributor network, workshops, and dealers in 16 countries, which will be managed by the company’s strategic logistics centre in Singapore. 

The company would also manage 8,000  SKUs and 65,000 order lines annually, accommodating a diverse range of arts with varying storage requirements. 

Furthermore, the company will deliver a customised IT solutions suite that features an online platform for inventory visibility, ordering, inventory management, parts replenishment, pricing, invoicing, and data analytics for the Daimler Truck Parts Centre (DTPC) Southeast Asia.

At 12:25 pm, the shares of TVS Supply Chain were trading 5% higher at Rs 177.76 on NSE.