Mumbai: Mundra Port & Special Economic Zone Ltd’s new car export terminal is expected to be ready by the first quarter of 2009, a senior company official said on Wednesday.
The company has already signed up with India’s top car maker Maruti Suzuki India Ltd for the 250,000-units-a-year terminal, Chief Executive Officer Sandeep Mehta said on the sidelines of an industry conference.
The car handling capacity will be further raised by an additional 400,000 units by 2010, he added.
India is turning into an export hub for small and mini cars, led by Maruti, 54.2% owned by Japan’s Suzuki Motor Corp, and Korea’s Hyundai.
Mundra Port is also expanding its cargo handling capacity to 50 million tonnes by 2010, from 30 million tonnes now. This is set to more than double to 120 million tonnes by 2015, Mehta added.
The company’s new coal terminal, with a capacity to handle 35 million tonnes a year, is expected to be ready by 2010, he added.