Tata Motors and Kool-ex Cold Chain Ltd., enter tie-up

Tata Motors to supply 200 Reefer trucks Pharma group for Cold Chain transport - Kool-ex; first of its kind partnership

Tata Motors along with Tata Motors Finance Group and Kool-ex Cold Chain enter Strategic Tie-up

200 Fully Built Reefer Trucks supplied and funded by Tata Motors for the leading Pharma Cold Chain Logistics Service Provider

Key highlights:

•    Tata Motors Finance Group proposes Structured financing

•    The fast growing Cold Chain Pharma transportation industry to be supported by specially designed fully built Reefer trucks.

•    Tata Motors’ position in the Cold Chain Industry to be strengthened by tie-up

February 14/2019, Mumbai :  An important step in the strengthening of Tata Motors role in the  Cold Chain Pharma Transportation Industry was made possible today via the first of its kind transaction where Tata Motors along with Tata Finance group entered into a tie-up with Kool-ex Cold Chain Limited – a leading Pharma Cold Chain Logistics Service Provider. As part of this tie up, Tata Motors looks to manufacture and supply Kool-ex Cold Chain with 200 Fully Built Reefer Trucks.

“We are elated to be a part of this one of a kind tie up to provide complete financing solutions to Kool-ex Cold Chain Limited. As a part of this tie up, we will not only be providing vehicle financing through Tata Motors Finance Limited (TMFL) but will also provide mezzanine equity financing to the company through Tata Motors Finance Solutions Limited (TMFSL), making this a structured financing deal. We are confident that this complete package will deliver the best for all companies who are a part the deal and will lay a strong foundation for a continued association ahead.”  

Mr. Shyam Mani - MD, Tata Motors Finance Group  

The tie-up looks to attain the following goals :

1. Develop a unique one-stop solution for Kool-ex Cold Chain Ltd.

2. Manufacture specially built pharma compliant reefer trucks.

3. The reefer trucks to be covered  under the Tata Sampoorna Seva Umbrella of value added services and a complete funding plan by TMF Group with a mixture of Equity and Debt, making the entire transaction a single window structure.

4. The reefer units to be built on the popular Tata LPT 1613 MCV trucks and the Tata LPT 2518 Multi axle truck. 
Present on this occasion was Mr. R T Wasan, Head, Marketing & Sales, CVBU, Tata Motors :

 “Tata Motors as the leading CV player in the Industry continues to work closely with its customers and their clients to develop total solutions for their transportation and logistics requirements. With a sectoral approach, Tata Motors has worked with Kool-Ex to co-develop the fully built reefer unit to meet the sophisticated logistics requirements of the Pharma Industry which will meet the rapidly growing needs of the Pharma Industry due to the anticipated changes in the regulations related to transportation and storage”

Kool-ex has 21 years worth of experience behind it in this field and with this quite historic partnership is all set to become one of the largest Pharma Cold Chain Logistics Service Provider in the country,

Kool-ex aims to shortly enter the Cold Chain warehousing segment. The first commercial project under the warehousing segment will likely come up near Pune. Kool-ex also wants to foray into last mile deliveries. This way, it becomes a completely integrated 3PL Cold Chain Logistics Service Provider.

Mr. Rahul Agarwal, Director, Kool-ex Cold Chain Limited spoke thus of the tie-up:

“Tata Motors has been an integral part of Kool-ex story since the beginning of our journey and this fresh order is a testimonial to their smart, customer-friendly and innovative offerings. We are methodically expanding our product portfolios and reinforcing our expertise in various segments, meeting the growing customer requirements. We believe specialized needs of the burgeoning e-commerce and cold chain industry will spawn a range of opportunities for niche organised logistics players in near future.”

Tata Motors has had Kool-ex as a loyal customer with over 15 years of association. Tata Motors was able to get Kool-ex as a key customer through the single window seamless approach and offer structured schemes for financing the expansion.

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