Rail auto hub in Chennai a big support to industry: Carmakers

Expressing similar views, Renault India Operations Country CEO and Managing Director Sumit Sawhney said India's first rail auto hub in Chennai will facilitate transportation of cars from manufacturing plants to respective destinations as the city is a growing automobile hub and is being regarded as 'Detroit of the East'.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead master your money SME Special
moneycontrol.com

sme special

Associate Sponsor

Home » News » Economy

Feb 26, 2016, 10.43 AM | Source: PTI

Rail auto hub in Chennai a big support to industry: Carmakers

Expressing similar views, Renault India Operations Country CEO and Managing Director Sumit Sawhney said India's first rail auto hub in Chennai will facilitate transportation of cars from manufacturing plants to respective destinations as the city is "a growing automobile hub and is being regarded as 'Detroit of the East'".

Like this story, share it with millions of investors on M3

Rail auto hub in Chennai a big support to industry: Carmakers

Expressing similar views, Renault India Operations Country CEO and Managing Director Sumit Sawhney said India's first rail auto hub in Chennai will facilitate transportation of cars from manufacturing plants to respective destinations as the city is "a growing automobile hub and is being regarded as 'Detroit of the East'".

Post Your Comments

Share Cancel

Rail auto hub in Chennai a big support to industry: Carmakers
The proposal to set up India's first rail auto hub in Chennai announced in Railway Budget will provide a big support to the automobile industry, facilitating transportation of vehicles from manufacturing plants to respective destinations, say carmakers.

Railway Minister Suresh Prabhu while presenting the budget for 2016-17 today in Parliament said, "To capture the automobile traffic, we will soon inaugurate India's first rail auto hub in Chennai." Reacting to the announcement, Hyundai Motor India Ltd Senior Vice-President (Sales & Marketing) Rakesh Srivastava told PTI, "Last mile connectivity, reduced logistic costs and time, (are) addressed in one big infrastructure move enabling mass transportation of vehicles with the Auto Hub at Chennai giving a big support to the auto industry."

Expressing similar views, Renault India Operations Country CEO and Managing Director Sumit Sawhney said India's first rail auto hub in Chennai will facilitate transportation of cars from manufacturing plants to respective destinations as the city is "a growing automobile hub and is being regarded as 'Detroit of the East'".

Welcoming the proposal to develop rail side logistics parks and warehousing in PPP mode, he said, "This is indeed a welcome move as it will bring in significant efficiencies and reduction in logistic costs for many automobile OEMs in and around the Chennai region, including us."

In his speech, Prabhu said inadequacy of warehousing and transportation facilities was also one of the causes that kept potential customers away from the railways.

"In order to complete the chain of transportation, it is proposed to develop rail side logistics parks and warehousing.

These logistic parks and warehouses would be created in PPP mode to bring the required efficiency and investment but also help attract greater traffic to the railways," the minister said.

He further said, "With the coming in of TRANSLOC, the Transport Logistics Company of India, we will be witness to a paradigm shift in our role as a national logistics provider.

The focus will be on providing last mile connectivity for freight business and significant reduction in logistic costs.

At least 10 goods sheds will be developed by TRANSLOC in 2016-17." Nissan India Operations President Guillaume Sicard said the announcement to create a rail auto hub in Chennai is a clear demonstration of the government's commitment to the Make in India initiative.

"Chennai is one of major auto hubs in India and needs efficient and cost-effective infrastructure and logistics support. Now, with the rail auto hub, it will be a much-needed shot in the arm for economical, timely and efficient transportation of our cars to the port and will aid our export strategy immensely," Sicard said.

Nissan India is one of the largest exporters of passenger cars and has reached the landmark export figure of six lakh cars recently.

"We welcome all initiatives to provide better and efficient infrastructure," Sicard added.

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Rail auto hub in Chennai a big support to industry: Carmakers

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login