Adani Logistics and NYK Auto Logistics (India) sign JV for rail logistics

Adani Logistics Ltd. (ALL), a subsidiary of Adani Ports and SEZ, has signed an agreement with NYK Auto Logistics (India) Private Ltd. (NALI) to form a joint venture which specialises in transportation of finished vehicles using automobile freight trains, and concluded an agreement for the establishment of this joint venture. This joint venture company will participate in AFTO Policy of Ministry of Railways and offer its automobile freight trains for transporting vehicles across India in a more efficient manner and will contribute towards ‘green’ India. It is expected that finished vehicles’ distribution through the rail mode will grow faster than the industry’s growth rate and ALL sees a great opportunity, in collaboration with NALI, to ride this growth.

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Accordingly, the company is planning to commence operations with six automobile freight trains. Based on market trends, it will have 25 automobile freight trains in operation in three years. Speaking on this occasion, Karan Adani, CEO, APSEZ, said, “ALL’s strength lies in rail operations and having a network of multi-modal logistics parks, while working closely with APSEZ having a pan-India port footprint. This formidable association combines the strengths of individual parent companies, putting the JV in a very unique position, utilising these readily available assets and expertise to deliver an end-to-end value-driven, asset and service-based, supply chain solutions to the automobile industry in India. This new company marks yet another milestone in our strategic efforts to explore opportunities in rail transportation by auto wagons in designated territory in India.”

Filed in: Auto, Infrastructure, Logistics, Rail Freight, Road

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