FM Logistic India to Deploy 500 Electric Vehicles in 4 Years for Last Mile Delivery, Auto News, ET Auto
New Delhi: FM Logistic India, one of the country’s youngest 3PL service providers, plans to deploy 500 electric vehicles (EVs) for last mile delivery over the next 4 years, a senior company official said.
According to Alexandre Amine SOUFIANI, MD, FM Logistic India, the addition of an electric vehicle fleet is an important part of its sustainable omnichannel services which the company plans to achieve 50% of its turnover by 2026.
“In addition to last mile deliveries, we also plan to manage the supply chain within a city with electric vehicles for which we are in discussion with several companies. Our next fleet of electric vehicles will be a mix of electric two-wheelers, three-wheelers and light commercial vehicles. (LCV) “, SOUFIANI told ETAuto.
Along with last mile deliveries, we are also considering managing the supply chain in a city with electric vehicles for which we are in discussion with several companies. Our next electric vehicle fleet will be a mix of electric two-wheelers, three-wheelers and light utility vehicles (LCVs)Alexandre Amine SOUFIANI, MD, FM Logistic India
He added that the company is also partnering with startups to locate charging points for their fleets.
Last year, the first batch of electric vehicles deployed by the company in partnership with agribusiness company WayCool Foods & Products included three-wheelers from a major utility vehicle manufacturer with a load capacity of 500 kg. A total of 30 electric vehicles have been deployed so far to make intra-city deliveries for WayCool, SOUFIANI added.
The 1.4 billion euro Indian wing, headquartered in France, FM Logistic is also aiming for carbon neutrality for its own warehousing operations by 2030.
At present, the Indian logistics market is valued at $ 250 billion. The company expects growth to be supported by the transition from the organized sector to the unorganized sector which currently constitutes 75% of the market.
The company, which claims to be the third largest contract logistics service provider in the country, achieved 58% revenue growth in the first half of fiscal year 2021-2022 with an increase of 20 % of storage footprint.
..We focus on developing Category A multi-customer facilities (MCFs), dedicated warehouses close to our customers’ manufacturing centers and modern urban logistics centers – all interconnected with an agile transportation network and dense and a last mile delivery network.Alexandre Amine SOUFIANI, MD, FM Logistic India
“We aim to end the year at 35% -40% growth. In our desire to become the benchmark partner in the field of sustainable omnichannel supply chains in India, we are pursuing our plans to expand and strengthen our offering of We are focusing on the development of multi-client facilities (MCF) of Category A, dedicated warehouses close to our customers’ manufacturing centers and modern urban logistics centers – all interconnected with an agile and dense transportation network and a last mile delivery network, ”added the MD. last, despite the pandemic, FM Logistic India added 10 lakh square feet of warehouse space as part of its operations, representing a 20% growth in its footprint.
With a presence in over 90 locations, FM Logistic India provides warehousing and distribution logistics services for the FMCG, retail, automotive, e-commerce, engineering, telecommunications, pharma and other sectors.
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