CJ DARCL LOGISTICS JOINS HANDS WITH TATA MOTORS TO SET NEW BENCHMARKS IN THE INDIAN LOGISTICS SEGMENT

India, 12th October 2023: CJ Darcl Logistics Limited (“CJ Darcl”), a diversified logistics company in India, signs a Memorandum of Understanding (MoU) with Tata Motors Limited (“Tata Motors”), strategic engagement to strengthen and enhance CJ Darcl’s fleet of vehicles and explore options of logistics services. The MoU was signed on 11th October 2023, in the presence of Mr. Krishan Kumar Agarwal, Managing Director of CJ Darcl Logistics Limited; Mr. Kang Sin Ho, CEO of CJ Logistics Corporation; Mr. Girish Wagh, Executive Director of Tata Motors Limited and Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors.

Post the MoU, the companies would deliberate on possibilities to enhance CJ Darcl’s fleet and make their operations greener. The engagement also intends to make CJ Darcl’s operations more efficient with comprehensive annual maintenance contracts, dedicated service team and streamlined after-sales processes. With Tata Motors advanced trucks and expertise in fleet management through value-additions, telematics systems and service network, CJ Darcl aims to set new benchmarks in the Indian logistics industry.

On this occasion, Mr. Kang Sin Ho, CEO of CJ Logistics Corporation said, “India has been a dynamic market for logistics and is anticipated to remain a growth outperformer. According to CRISIL MI&A, India’s GDP is expected to grow at an average of 6.1% between fiscal 2025 and 2027, compared with 3.1% globally as estimated by International Monetary Fund. In this direction, the Indian government introduced the Gati Shakti Scheme, National Logistics Policy, Bharatmala Pariyojana, and Sagarmala which became the key enablers of logistics in India. Further to bolster our efforts to provide logistics solutions, we have collaborated with Tata Motors Limited. This is aimed at bringing operational efficiency to the forefront. The engagement will focus on evaluating cost-effective vehicle deployment to strengthen CJ Darcl’s fleet, whilst providing on-ground support.”

Mr. Krishan Kumar Agarwal, Managing Director of CJ Darcl Logistics Limited, commented, “We are delighted to announce the strategic alliance between CJ Darcl Logistics and Tata Motors Limited. This will help the company in procurement of trucks in the next 5 years and improve the vehicle management system subsequently paving a way for use of alternative fuel vehicles”.

Commenting on the momentous occasion, Mr. Rajesh Kaul, Vice President & Business Head – Trucks, Tata Motors, said, “At Tata Motors, we aim to create and deliver value keeping in mind the evolving needs of our customers. This MoU is a cornerstone in our commitment to revolutionise the transportation industry. Tata Motors trucks are engineered with a focus to offer the low total cost of ownership with efficient powertrains and are equipped with state-of-the-art features like an advanced telematics system – Fleet Edge, and come with value additions that ensure highest uptime for higher profitability to our customers. With CJ Darcl, we are poised to redefine the landscape of transportation, fostering innovation and efficiency.”

The ceremony was also graced with the esteemed presence of Mr. Anand Bang, Chief Operating Officer, Tata Motors Finance Ltd.