Seino Holdings Co. Ltd., a leading Japanese logistics firm, has announced its entry into the Indian market through a strategic partnership with Mahindra Logistics Limited. This collaboration aims to offer integrated logistics solutions, leveraging Seino's global relationships with Japanese automotive customers to meet their logistics needs in India.
Under the terms of the agreement, the two companies will form a joint venture (JV) owned by Mahindra Logistics and Seino Holdings. The JV will focus on providing integrated logistics solutions to Japanese automotive and strategic non-automotive customers. Services will include auto outbound logistics, warehousing and transportation, and a comprehensive technology suite. By utilising Mahindra Logistics' extensive capabilities and robust network, Seino Holdings aims to deliver optimised logistics solutions across India, emphasising technology, process innovation, operational excellence, and sustainability.
The Indian automotive industry has experienced substantial growth, becoming the third-largest automotive market globally. With a strategic focus on electric vehicles and initiatives like 'Make in India,' the industry is poised for continued expansion, especially among Japan-based OEMs and auto component manufacturers.
Yoshitaka Taguchi, CEO of Seino Holdings Co. Ltd., stated, “Seino Holdings aims to provide significant value to customers. Collaborating with Mahindra Logistics' unmatched capabilities, we endeavour to serve Japanese customers in India. Through this partnership, we will offer comprehensive logistics solutions supported by digitisation, innovation, and a customer-centric approach, allowing us to efficiently manage the end-to-end supply chain.”
Rampraveen Swaminathan, MD & CEO of Mahindra Logistics Limited, added, “India's economic resurgence, complemented by its unique geographical location, offers Japanese multinational companies an unprecedented opportunity in the country. Seino Holdings aligns perfectly with our commitment to delivering customer experiences and robust process capabilities throughout the supply chain. We envision this partnership contributing to the creation of a sustainable INR 1,000 crore business model over the next five years, further reinforcing the 'Make in India' initiative and fostering local manufacturing and economic growth.”
Also Read:
Citroën & OHM E Logistics Sign MoU For 1,000 Citroën ë-C3 EVs