APM Terminals Inland Services, South Asia has signed an exclusive agreement with Gothenburg, Sweden-based Volvo Cars to provide a dedicated, specialised warehouse facility in Chennai. The customised warehouse will provide an integrated Inland Services solution for the Volvo Completely Built Up Units (CBUs) imported from Europe to India through the Chennai port.
“The 102,000 square foot facility will include bonded and non-bonded areas with an overall capacity of 500 vehicles. This specialised warehousing solution by APM Terminals Inland Services is a step towards expanding its portfolio of customised solutions for customers. We are pleased to be the exclusive Indian partner for inland logistics and services solutions for Volvo Cars, one of the world’s best known and highly respected automotive brands,” said APM Terminals India Pvt. Ltd. Managing Director, Ajit Venkataraman.
Volvo Cars, a subsidiary of the Chinese-based Zhejiang Geely Holding Group since 2010, has seen Indian car sales grow rapidly in the past three years. India is now the world’s fifth-largest passenger car market, after China, the USA, Japan and Germany. India’s car sales have doubled since 2006, with approximately 2.7 million new cars sold in in 2015, reflecting an increase of 7% over 2014, as the Indian economy continues to expand at a brisk pace.
“We look forward to using APM Terminals Inland Services, South Asia’s facilities, as we prepare for high growth in India by launching new models and expanding our network, our cars will be in safe care,” said Volvo Auto India Pvt. Ltd Managing Director Tom von Bonsdorff.
APM Terminals India Pvt. Ltd. is a part of the APM Terminals- a Global Port, Terminals and Inland Services operator comprising of 64 ocean ports and terminals in 39 countries, along with 135 inland services locations in 39 countries. APM Terminals India Pvt. Ltd. has world-class CFS facilities at NhavaSheva, Chennai, Dadri and Cochin.
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