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Adani Logistics and NYK Auto join hands for transporting finished vehicles

The automobile sector is witnessing a rapid growth

joint venture, mergers
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Megha Manchanda New Delhi
Adani Logistics, a subsidiary of Adani Ports and Special Economic Zone (APSEZ) and NYK Auto Logistics (India) have joined hands for transporting finished vehicles. The joint venture will use automobile freight trains to strengthen their finished vehicles transportation service network.

The two companies concluded an agreement for establishing the JV.  "This partnership allows us to strengthen inland capabilities with a reliable association by focusing on quality & visibility in the supply chain," Naotaka Ishizawa, managing director, NYK Auto Logistics (India), said.

The automobile sector is witnessing a rapid growth. Loading activity has increased 16 per cent in 2017-18, a statement from Adani