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), and online grocery store Bigbasket also use EVs for last mile delivery, according to media reports.
Mahindra Logistics is one of the largest third-party logistics (3PL) service providers, specializing in supply chain management and enterprise mobility (people transport solutions, for which it already uses EVs in some parts of the country).
According to Rampraveen Swaminathan, the company’s managing director and chief executive, a key part of the near three-fold growth drive in five years includes adding 2 million sq ft of warehousing annually over the next few years with each of the yards spanning 4-5 lakh sq ft.
The company has 16 million sq ft space now. In Q3 alone, it added 0.75 million sq ft space in Chennai and Hyderabad.