Mahindra Group expects express biz to turn profitable amid focus on cost efficiency

Mahindra Group anticipates its express business to become profitable by the year's end, driven by a renewed focus on volume growth and cost efficiency. The company's logistics arm, Mahindra Logistics Ltd (MLL), has been working to integrate the B2B express business of Rivigo, acquired in 2022, and expects to achieve profitability through increased volumes and improved cost leverage.