Algorhythm Announced That Semicab's Subsidiary Has Entered Into A Master Service Agreement With Apollo Tyres

Benzinga · 10/17 11:44
  • The contract, beginning in October 2024, will initially cover the densely populated commercial corridors in southern India with planned expansion into southwest India, with an initial duration of twelve months. Apollo plans to expand the scope of the agreement incrementally, assigning additional lanes as SemiCab demonstrates the capacity to meet their shipping needs.
  • The MSA will be serviced by SemiCab's Indian subsidiary, SMCB Private Solutions Limited, which Algorhythm holds an option to acquire, with the acquisition expected to close in Q4 2024.