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Union Budget 2020 is positive for logistics

industry
With the government set to release the National Logistics Policy for seamless transportation, ETAuto takes a look at
the Indian logistics market and its road ahead.
ETAuto | Updated: February 04, 2020, 19:30 IST

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 Union Budget 2020 is positive for the logistics indu…

 All Chinese stalls at Auto Expo will be manned …

The domestic logistics sector is set to grow at 8-10 per cent over the medium term with the outlook remaining
largely stable, as per ratings agency ICRA.
 Stable to negative: Ind-Ra revises auto sector o…

By Shubhangi Bhatia  Yamaha starts accepting bookings for EV powe…

New Delhi: Logistics in India is no longer a business process, it has become an  Honda Cars awards 14 aspiring engineers and …

integral part of the value chain operations with digital innovations and e-commerce
 Harley Davidson sells over 25,000 motorcycles …
offering the ease of reliable and timely deliveries, said Talwinder Singh, Regional
Director, Lalamove.  Supreme Nonwovens Group completes acquisit…

 Double-digit growth was the norm until inimical…

According to an IBEF study, the logistics sector is poised to reach $215 billion by
2020, while it might attract investments worth $500 bn by 2025.  Policymakers need to decide if auto industry sh…
Terming the rise of international business as the key factor for its growth, the Hong
Kong headquartered company said, “Value-added infrastructure, new-age
technology, excessive import opportunities and improved trade policies are also
large contributors.”

The domestic logistics sector is set to grow at 8-10 per cent over the medium term
with the outlook remaining largely stable, as per ratings agency ICRA.

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With a push to infra and economic activities, Singh feels that Union Budget 2020
CEO’s take on 2020: An
seems positive to raise transportation conditions and logistics infrastructure. “With electric hatchback priced
about 1.2 crore total retail outlets in India out of 3 crore in the world, the industry is reasonably at Rs 7 to 8 lakh
will change future mobility,
largely dependent on the first mile and last-mile logistics which is the spine for intra- says John K Paul
city logistic movement. So, the government should further encourage more
Meru appoints Sandeep
investments in this sector too.” Dongre as COO

MINI inaugurates India’s first-

ever MINI Urban Store in
Kochi

Union Budget 2020 is positive

for logistics industry

The company aims to expand in 10 cities over the next three years and provide more jobs to drivers to contribute
to their overall living.

However, despite its market size and the opportunity to disrupt, the sector continues
to be marred with challenges. “There is a need to reduce the logistics cost in India
Other Stories From Newsletter 
from the current 14 per cent of GDP to less than 10 per cent by 2022”, the  Union Budget 2020 is positive for the logistics indu…
Commerce Ministry said in a statement recently.
 All Chinese stalls at Auto Expo will be manned …

Last-mile delivery has always been the most challenging and expensive part of the  Stable to negative: Ind-Ra revises auto sector o…
delivery process. Organised players account only for about 10 percent of the total
market share, which makes the logistics landscape in India highly fragmented and  Yamaha starts accepting bookings for EV powe…
unorganised.
 Honda Cars awards 14 aspiring engineers and …

“Lack of seamless movement of goods due to under-developed infrastructure and  Harley Davidson sells over 25,000 motorcycles …
minimal integrated IT needs are some of the major concerns,” Singh told ETAuto.
 Supreme Nonwovens Group completes acquisit…

He further added, “Due to poor road infrastructure and traffic congestion, our drivers
 Double-digit growth was the norm until inimical…
are forced to spend longer time to complete each order which affects their income.”
 Policymakers need to decide if auto industry sh…
Applauding the e-commerce market for catalysing the movement of goods in the last Most Read This Week This Month
decade to a great extent, Singh opined that focusing on new technology, improving
inter-modal transportation, automation and simplifying processes would be required Auto Expo 2020: Chinese delegates
to address the entire spectrum of logistics and supply chain needs. cancel visit to India
While the Chinese

“
“Lalamove is working on instant order- players (exhibitors) have
Lack of seamless matching, transparent pricing and GPS
not backed out, the
delegates had to cancel
movement of goods vehicle tracking, to shut the knowledge gap their tickets resulting in

due to under- between users and drivers. The users can

Kubota's autonomous electric tractor looks like …
now receive a match within 30 seconds,” he
developed stated. Budget 2020: Winners and Losers: Who got wh…
infrastructure and Tata Motors posts Rs 1,738 cr profit on the bac…
minimal integrated Singh believes that with a boom in the digital
CEO’s take on 2020: An electric hatchback pric…
freight marketplace, primarily focussed on
IT needs are some of

”
the major concerns
~ Talwinder Singh, Lalamove
the last-mile deliveries, his company will Popular Searches
start including electric vehicles to their
offerings, depending upon the infrastructure Best Cars under 5 Lakh
availability in the country.
Top 10 Bikes

Terming referrals as their main source of growth, Singh stated, “Lalamove is Top 10 Cars
transitioning into a futuristic era where vertical players will tap on the consumer
needs.”

Operating in over 250 cities across the world, the year-old company aims to expand
in 10 cities over the next three years and provide more jobs to drivers to contribute to
their overall living.

Read also
EV makers target delivery, logistics Angel investor earns 16-fold
companies to widen market returns by selling logistics startup
LogiNext

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Honda Cars awards 14 Policymakers need to All Chinese stalls at Double-digit growth was
aspiring engineers and decide if auto industry Auto Expo will be the norm until inimical
scientists should be driver of manned by their Indian factors hit sector: Rajiv

All Chinese stalls at Auto Expo will be manned by

their Indian representatives: SIAM
Despite no Coronavirus threat directly at Auto Expo, the organizers are taking measures to make people aware of
symptoms and the prevention actions. Arrangements are being made to make available hand sanitizers.
ETAuto | February 04, 2020, 16:39 IST

 Click Here to Read This Story

Stable to negative: Ind-Ra revises auto sector

outlook for FY'21
In terms of total domestic sales, Ind-Ra expects flat-to-low single-digit growth in FY21.
ETAuto | February 04, 2020, 13:56 IST

 Click Here to Read This Story

Yamaha starts accepting bookings for EV

powertrain
The Japanese company claims that this EV powertrain comes with high-power density and generates up to 200 kW
power output.
ETAuto | February 04, 2020, 16:14 IST Other Stories From Newsletter 
 Union Budget 2020 is positive for the logistics indu…
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 All Chinese stalls at Auto Expo will be manned …

 Stable to negative: Ind-Ra revises auto sector o…

 Yamaha starts accepting bookings for EV powe…

 Honda Cars awards 14 aspiring engineers and …

 Harley Davidson sells over 25,000 motorcycles …

 Supreme Nonwovens Group completes acquisit…

 Double-digit growth was the norm until inimical…

 Policymakers need to decide if auto industry sh…

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 All Chinese stalls at Auto Expo will be manned …

 Stable to negative: Ind-Ra revises auto sector o…

 Yamaha starts accepting bookings for EV powe…

 Honda Cars awards 14 aspiring engineers and …

 Harley Davidson sells over 25,000 motorcycles …

 Supreme Nonwovens Group completes acquisit…

 Double-digit growth was the norm until inimical…

 Policymakers need to decide if auto industry sh…