TCI Express releases a press statement stating its business outlook and impact due to Coronavirus (COVID-19) pandemic in India
TCI Express Ltd. is closely monitoring the Coronavirus situation as the Government of India continues to take various precautionary measures to contain the outspread. Our top priority at this moment is the safety and well-being of our employees, customers, vendors and all other stakeholders. We are implementing various preventive measures in line with guidelines issued by the government healthcare departments. We are also taking due precautions across our sorting centers, vehicles, branches and offices.
The direct impact of Coronavirus on our business and operations is expected to be very limited, given our unique asset light model with the majority of revenues from the B2B segment. Our business fundamentals remain robust with diversified client base and industry presence. Furthermore, we are engaged in the transportation of intermediate parts and products such as spare parts in case of Automobiles, API’s in case of Pharmaceuticals, which are not impacted by short term demand fluctuations from the end consumer. All our routes, branches and sorting centers are operational at almost similar utilization levels as Q3 FY2020.
TCI Express remains socially responsible and we continue to operate our business with more agility and efficiency during this difficult macroeconomic scenario.
TCI Express is India’s leading time-definite express distributor, based on its unparalleled experience and deep domain-expertise that enables it to offer customized solutions to express delivery. TCl Express is well-equipped to offer time-definite solutions to 704 out of 712 districts in India with its wide spectrum of services comprising surface, domestic and international air, e-commerce, priority, and reverse express services.
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