Nissan Motor India Private Limited (NMPIL), the Indian arm of Nissan Motor Company of Japan has inked a 10-year agreement with Ennore Port Ltd (EPL) to export cars manufactured at its Oragadam plant near Chennai, said media report.
According to the agreement signed, Nissan India can export minimum 60000 units per annum for the next 10 years through the Ennore Port, added the media report.
NMPIL further said that the fresh agreement offers free parking space for the first 15 days and priority in handling its automobile units.
However, "It is subject to cancellation if the export of automobile units of Nissan or Renault is found through any other sea ports other than EPL or Chennai Port either in part or in full," the EPL said in the media.
Further, NIMPL claims that it was the first auto company to sign a pact with EPL, adding cars had been exported to over 100 countries in Africa and Europe from the south Indian port.