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Hero MotoCorp sold more than 1.4 million units in festive months

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Hero MotoCorp

Hero MotoCorp sold more than 1.4 million units in festive months

Hero MotoCorp announced on Wednesday that it has sold more than 1.4 million units during the festive period from the first day of Navratri to Tuesday and 32 days after Bhai Dooj. This translates to about 43,000 units sold on each of these days.

Recognizing that despite the challenges caused by the Kovid-19 epidemic this year, Hero MotoCorp stated that sales were 98% over the 2019 festive period. Therefore, it has enabled the company to reduce vehicle stock. In less than four weeks at their dealership, the lowest post-fest list ever.

Hero MotoCorp’s sales this year include the 100cc Splendor + and HF Deluxe, 125cc motorcycle glamor and Super Splendor and the Xtreme 160R and XPulse range in premium segment.

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Gujarat government ties up with Adani Port to set up largest multi-modal logistics park

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multi-modal logistics park

Gujarat government ties up with Adani Port to set up largest multi-modal logistics park

The Gandhinagar, Gujarat government on Friday signed a memorandum of understanding with private infrastructure company, Adani Port & SEZ Limited, for the establishment of the country’s largest multi-modal logistics park, which will have an estimated investment of Rs 50,000 crore.

The proposed 1,450-acre park will have a dedicated air cargo complex with a 4.6 km long runway to handle large-size cargo planes and will offer direct air, rail and road connectivity. It will also have provision for direct rail connectivity with the Dedicated Freight Corridor, which is part of the Delhi-Mumbai Industrial Corridor (DMIC).
It will have the capacity to generate direct and indirect employment for 25,000 persons.

According to the state government, the multi-modal logistics park will be completed in three years in a phased manner as the work will start within six months after obtaining the necessary clearances and permits.
The park will have a 9 million sq ft warehouse zone with facilities like air freight station, grade-A ware, cold storage. The warehouse will have 38 lakh square feet of textile, wholesale, e-commerce, boulder warehouse for nine million square feet of space, four lakh grade-A palatized facility and 60,000 temperature controlled palatized facility. Against a capacity of 3.3 lakh, this park will have four handling lines with TEU (twenty feet equivalent) in a container yard.
The park will have three lakh square feet of space for a business and skills development center.

The central government has sanctioned 2 lakh crores to establish multi-modal logistics park in 34 cities of the country. Cities like Vijayawada, Chennai, Nagpur, Bengaluru, Surat, Hyderabad and Gauhati have been selected among others. Six cities of Gujarat are selected, Ahmedabad, Vadodara, Surat, Bharuch, Valsad and Kandla, where these projects will be set up on a Public Private Partnership (PPP) model.
60 percent of the goods in the country are transferred via road.
Transportation costs in the country are 14% of GDP, which the central government wants to bring to 7%.

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