Mahindra Logistics eyes warehousing space expansion in South

September 20, 2018: In order to strengthen its presence in the southern part of the country, Mahindra Logistics is reportedly planning to expand 500,000 square feet of warehousing space by end of the current financial year.

The company aims to set up multi-modal warehouses in Bengaluru and Hyderabad. The expansion is being planned in cities like Chennai, wherein the company is expected to add two more warehouses to the existing three - focusing on the automotive and manufacturing sectors. In Chennai, it is expected to add 200,000 square feet before the end of the current financial year.

Mahindra Logistics CEO Pirojshaw Sarkari has reportedly said that no capex has been planned since the company follows an asset light model. He also added that the company is looking at niche acquisitions, in the technology or analytics space especially, to optimise its cost in logistics.

Part of the Mahindra Group, Mahindra Logistics, currently has around 13 million square feet space across the country.