Under the terms of the agreement, the companies will form a Joint Venture, owned by Mahindra Logistics and Seino Holdings.
30 May 2024 | 2385 Views | By Autocar Pro News Desk
Seino Holdings Co., a Japanese logistics firm, is entering into the Indian market through a partnership with Mahindra Logistics Limited. This partnership aims to offer Integrated logistics solutions to leverage Seino’s global relationships with Japanese Automotive customers and serve their logistics requirements in India.
Under the terms of the ...
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Seino Holdings Co., a Japanese logistics firm, is entering into the Indian market through a partnership with Mahindra Logistics Limited. This partnership aims to offer Integrated logistics solutions to leverage Seino’s global relationships with Japanese Automotive customers and serve their logistics requirements in India.
Under the terms of the agreement, the companies will form a Joint Venture, owned by Mahindra Logistics and Seino Holdings. This JV will focus on providing Japanese automotive and strategic non-auto customers with integrated logistics solutions covering Auto Outbound, Warehousing and Transportation, and a comprehensive technology suite. Leveraging Mahindra Logistics' vast capabilities and strong network, Seino Holdings can now deliver optimized logistics solutions and extend its reach to customers across India with a strong focus on technology, process innovation, operational excellence, and sustainability.
The Indian auto industry has witnessed strong growth and has emerged as the third-largest automotive market in the world. With a strategic focus on electric vehicles and programs such as “Make In India”, the industry is estimated to see continued growth from Japan-based OEMs and auto component manufacturers.
Yoshitaka Taguchi, CEO, Seino Holdings Co. Ltd., said, “Seino Holdings is expected to provide significant value to customers, and in collaboration with Mahindra Logistics' unmatched capabilities, we endeavour to serve Japanese customers in India. Through this partnership, we will offer comprehensive logistics solutions supported by digitization, innovation, and a customer-centric approach, allowing us to efficiently manage the end-to-end supply chain”.
Rampraveen Swaminathan, MD and CEO, Mahindra Logistics Limited, said, “We envision this partnership contributing to the creation of a sustainable Rs 1,000 crore business model over the next five years, further reinforcing the 'Make in India' initiative and fostering local manufacturing and economic growth”.