APMT Pipavav in Industry First
APM Terminals (APMT) Pipavav welcomed the IDM Symex, which arrived with a cargo of 800 Hyundai cars loaded at the Port of Chennai on February 5, 2016 in a pioneering use of economical and environmentally-friendly coastal transportation of Indian-manufactured automobiles, which was a first for the industry.
APMT Pipavav commenced export Roll-on/Roll-off (Ro/Ro) services in August 2015, after NYK Auto Logistics India (NALI) invested in a stock yard and pre delivery inspection facility.
The new cars destined for Western India dealerships originated at Hyundai Motor India Limited’s (HMIL) automotive manufacturing facility near Chennai, in Tamil Nadu State.
Keld Pedersen, Managing Director of APMT Pipavav, said: “We are proud to be a part of this historic and innovative intra-costal shipment of Indian automobiles, serving India’s growing automotive industry with safe and environmentally sustainable logistics alternatives.”
The Indian Ministry of Shipping’s decision to relax cabotage regulations on special vessels enabled this first domestic consignment.
Modal shift incentives currently under evaluation by the Indian government will further encourage shifting of domestic cargo from road to sea.
India has been projected by auto industry analysts to overtake Japan as the world’s foremost producer of “Entry Level” automobiles within five years, growing its market share from 20% in 2015 to 28% by 2021.
India, with a population of 1.2 billion, is forecast to reach a record 2.2 million new car sales in 2016.