As on October 31, 2024, we own a fleet of 1,131 vehicles which consists of 213 trailers and 918 container trucks. This enables us to have direct control over our operations and maintenance. We further hire additional vehicles from the open market on an ad-hoc basis to adapt and meet fluctuating client demands.
Our current business model ensures a high vehicle availability rate, high indent fulfilment and lower non placements. By owning and operating our fleet, we achieve the reduction in operating and maintenance costs compared to market rates. This enables us to offer competitive pricing while maintaining reliable services. Our current business model provides direct control over fleet maintenance and operations, flexibility to adjust fleet size to meet changing demand, improved resource allocation and utilization, and enhanced ability to invest in fleet upgrades and technology. This results in stronger relationships with clients through reliable services and a competitive advantage through cost savings and efficiency.
Further, we have availed an annual maintenance contract (AMC) for regular servicing of our fleets. Additionally, as part of the transformation into digitisation, we have implemented a cashless system across logistics services by adopting online payment of expenses, fuel cards and toll tag cards which enables us to better focus on our core business activities. We regularly conduct training and road safety awareness programmes for our drivers to ensure the overall safety measures being adopted by our drivers.