Adani Logistics Limited (ALL), a subsidiary of Adani Ports & SEZ Limited have signed an agreement with NYK Auto Logistics (India) Private Limited (NALI) to form a joint venture (JV) which specializes in the transportation of finished vehicles using Automobile Freight Trains, and concluded an agreement for the establishment of this joint venture.

Automobile sector is witnessing rapid growth, Loading activity in this sector increased by 16% in 17-18. This growth, coupled with Government of India's focus on promoting alternative means of transportation to reduce carbon footprint, increasing demand of transporting vehicles through rail mode is gaining traction. This JV Company will participate in AFTO Policy of Ministry of Railways and offer it's Automobile Freight Trains for transporting vehicles across India in more efficient manner and will contribute towards 'green' India.

It is expected that finished vehicles distribution through 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. Accordingly, the JV Company is planning to commence operation with 6 Automobile Freight Trains. Based on market trends, the JV Company will have 25 Automobile Freight Trains in operation, in 3 years.

Adani Logistics' extensive expertise in the domain, including its growing footprint of multi-modal Logistics Parks, strategically located and capable of handling these Automobile freight trains, along with its collaboration with NYK Auto Logistics (India) Private Limited, will render a strategic partnership that would, effectiively cater to the widespread customer demand in India, through quality services and solutions