Mahindra Logistics Q4 loss widens to Rs 120.85 mn amid slow volume

26 Apr 2024 CW Team

Mahindra Logistics announced that it had experienced a fifth consecutive quarterly loss, attributing it to the sluggish growth in volume within its core business of supply chain management.

The consolidated net loss for the logistics division of the Mahindra Group was reported to be Rs 120.85 billion for the quarter ending on March 31.

Logistics firms were anticipating a subdued fourth quarter due to a slowdown in activity preceding the general elections in India.

The decline in demand within crucial manufacturing sectors such as automotive and industrial goods was stated to have a direct impact on third-party logistics providers.

Mahindra Logistics, which derives over 90% of its revenue from supply chain management, revealed that 80% of this revenue was derived from the automotive segment.

Despite a 2% decrease in diesel prices and a 7% decrease in aviation turbine fuel (ATF) prices year-on-year in the fourth quarter, it was noted that this reduction did not offset the effects of the subdued volumes.

Equipment

11 Dec 2025

Caterpillar Debuts Three New Cat Excavators at EXCON 2025

Caterpillar Inc., a global leader in construction and mining machinery, strengthened its commitment to India’s infrastructure growth with the debut of three new Cat® hydraulic excavators at EXCON 2025, held from December 9–13 at the Bangalore International Exhibition Centre. The new models—Cat 321, Cat 322 and Cat 324—mark a significant step forward in delivering efficient, digital-ready equipment tailored for India’s evolving construction needs.Designed to support sustainability and productivity on modern jobsites, the machines feature advanced powertrains and intelligent electrohy..

JK Tyre Expands OTR Lineup with Four New Launches at EXCON 2025

JK Tyre & Industries, one of India’s leading tyre manufacturers, introduced four new Off-the-Road (OTR) tyres at the 13th edition of CII EXCON 2025, South Asia’s largest construction equipment exhibition, underway at the Bangalore International Exhibition Centre. The latest additions strengthen the company’s OTR portfolio and reaffirm its focus on delivering advanced mobility solutions for construction, mining and industrial operations.The new tyres were unveiled by R Mukhopadhyay, Director (R&D), JK Tyre. Among the highlights was the debut of the SKY GRIP, a specialised tyre des..

ACE, Sanghvi Movers Ink MOU to Boost India-Made Heavy Crane Adoption

Action Construction Equipment (ACE), the world’s largest pick-and-carry crane manufacturer and a leading Indian construction equipment maker, has entered into a strategic Memorandum of Understanding with Sanghvi Movers, Asia’s largest and the world’s fifth-largest crane rental company. The partnership aims to accelerate the deployment of indigenously manufactured heavy slew cranes, particularly truck cranes and crawler cranes, across large-scale infrastructure and industrial projects in India.The alliance aligns strongly with the Government of India’s “Aatmanirbhar Bharat” and “M..