Tata Motors today said it has bagged an order worth an estimated Rs 150 crore to supply 1,111 medium and heavy trucks to Surat-based Siddhivinayak Logistics Ltd (SVLL).
"We will be commencing deliveries in this month and plan to complete the order by the end of this financial year," Tata Motors Head – Sales & Marketing (M&HCV Trucks) Vinod Sahay said.
While the company did not disclose the value of the order, it is estimated that it could be worth around Rs 150 crore.
Commenting on the deal, SSVL Founder and Chief Mentor RC Baid said: "We purchased the first Tata vehicle in 1988, and since then have been purchasing their M&HCV and LCV trucks. We would like to continue our association with Tata Motors and expand our business with Tata Motors vehicles. It is in this light that we have placed a bulk order of 1,111 vehicles."
SVLL is one of the largest fleet owners in the country, owning a fleet of over 2,000 commercial vehicles. It operates across diverse segments like steel, cement, tractors, chemicals, machinery and is a pioneer in new segments like commercial vehicle chassis carriers.
The company now plans to start transporting farm fresh fruits and vegetables through refrigerated containers on the Tata Prima carriers, the statement added.